VIX moderately lower

It was a mixed day in VIX land, with a morning peak of 26.81, but with a significant equity recovery into the close, the VIX cooled, settling -6.8% @ 22.73. Near term outlook is for equities to begin a sustained rally post FOMC, with broader upside into early 2016.


VIX'60min

VIX'daily'3

Summary

It is entirely possible (if not probable) that today saw a key VIX peak, with broad downside for the remainder of the year.

From a pure cyclical perspective, the MACD (blue bar histogram) is now on the high side.

The setup favours the equity bulls... once the FOMC is out of the way.

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more later... on the indexes