Volatility a touch higher

Whilst the main indexes closed moderately higher, the VIX closed 1.5% higher @ 15.31. At these very low levels though, the VIX is arguably 'all noise'.


VIX'60min

VIX,daily

Summary

So the VIX closed a little higher, after being -1% in the morning, but it really is...all noise.

Until we see the big break >20, the VIX is largely to be ignored.
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If my index outlook (sp'daily4) is correct, we should see VIX break above 20 in December.