Volatility continues higher

Whilst the indexes had a choppy day, closing moderately lower, the VIX managed a third day higher, +2.9%, to settle @ 17.12, the best closing level in over 2 weeks. It would seem very likely the VIX will be in the 19s within a day or two. The only issue is whether 20 can be breached.


VIX'60min

VIX'daily

Summary

The daily trading range in the VIX remains pretty low, but it IS trending to the upside, as those who trade options will especially be aware of.

I'm very confident we'll see 19s, but whether we can break 20, that is the great unknown.

More later, on the indexes.