vix index could reverse here tvix uvxy

The Volatility Index (VIX) is having an insane day to the upside. The markets are reflecting it to the downside.

But the problem, volatility is that it is right back to where it was a few weeks ago and where it struggled to break through. On a daily basis, it has been nearly impossible for it to close over 16.40. On an intraday basis, as you can see below, there isn’t much room above that it has managed to keep running before the market grabs hold and pushes it lower before the end of day. 

Right Now VIX is up almost 15% on the day and still climbing at 16.82. But don’t be surprised if once again this thing finds itself back below 16.40 at the close. 

vix update

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