Volatility back in the 12s

The indexes opened moderately higher, but the VIX dropped heavily, and stayed low across the day. Surprisingly, the VIX was relatively unmoved by the FOMC & Bernanke comments. The VIX closed -12% @ 12.67. Near term trend looks weak, 11s still look (briefly) viable.


VIX'60min

VIX'daily3

Summary

Today went largely as expected in VIX land.

We've back in the 12s, and I'd have to expect at least 'some' follow through to the downside early Thursday.

VIX in the 11s seems very viable - with sp'1570s, before the current cycle is complete.
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more later..on the indexes