VIX'60min
VIX'daily
Summary
Even VIX 16 looks a long way up right now. This is pure craziness considering the unstable month of October is ahead.
From a MACD cycle perspective, we're certainly due a good up move in the VIX, but right now it won't be until at least the middle of next week until we go positive cycle.
The bears can at least claim that we've not broken the mid August low yet..despite QE3.
More later.