Volatility a little higher

Despite the indexes opening above the key sp'1474 high, the VIX opened fractionally higher. Considering the market reached sp'1485 in the early afternoon, it was a little surprising that we did not see VIX in the 12s. The VIX closed just over 1% higher @ 13.57.


VIX'60min

VIX'daily

Summary

So...indexes higher..and VIX higher.

The one aspect to note is the daily chart. The MACD (blue bar histogram) cycle continues to climb back higher. At the current rate we'll go positive cycle in about 3 or 4 trading days.

Perhaps a VIX 'brief' spike into the 16s at the end of next week?

Yet...if the indexes keep on ploughing higher, VIX could simply remain trundling along..flat...for weeks..if not months.

More later..on the indexes.