Volatility creeping higher

It was a bit of choppy day for the market, and whilst the indexes still managed a slightly higher close, the VIX managed to hold moderate gains of  4.7 %  @ 18.42


VIX'60min

VIX'daily

Summary

Considering the uncertainty of tomorrows election, its not entirely surprising the VIX still managed a higher close, even though the indexes were green.

The daily trend is certainly slightly to the upside, but as has been the case for a few months, until we get a daily - and more importantly, a weekly VIX close >20, any index declines are not to be trusted.

An intra-day VIX break over 20, would probably open up 21/22 at least - on a brief spike.

More later.