Volatility slips lower into the close

With the indexes managing to claw back to flat by the close, the VIX failed to hold very minor opening gains, and closed -2.3%, to settle @ 13.41 There is still marginal upside momentum, first target remains the lower end of the gap zone of 16-18.


VIX'60min

VIX'daily3

Summary

Another day where the algo-bots were more than capable of melting everything back to flat, fuelled by the POMO $...and cheer leaded by the maniacs on clown finance TV.

*I should probably just cut/paste the above, as it will probably suffice for the next few years.

After all, the POMO ain't going to stop any time soon.