Volatility spikes..a little

With the indexes seeing their first 'moderate' intra-day weakness in over a week, the VIX spiked higher from the mid 11s, and was 11% higher by early afternoon. Yet...with the indexes recovering, the VIX slipped back, closing +6% @ 12.27


VIX'60min

VIX'daily3

Summary

Not much to note, other than today's spike is to be largely dismissed as 'static'.

The main indexes look set to hold together until at least early next week, in which case the VIX certainly won't be able to sustain a multi-day move higher.
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more later..on the indexes