Volatility back in the 11s

After the spike higher yesterday, the VIX has indeed returned from whence it came! With the indexes closing slightly higher, the VIX closed -3.6% @ 11.83 It remains a fearless market, with utterly zero concern for any of the near..or long term issues.


VIX'60min

VIX'daily3

Summary

As I had expected, the VIX spike yesterday was nothing more than another little tease to the bears.

How many were piling into TVIX, UVXY, and VXX yesterday, and are now sitting on rather significant losses, after just a single day?
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VIX looks set to be choppy in the 12-10 zone until the main indexes max out, which seems likely to occur towards the end of next week.
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more later..on the indexes