Volatility spikes...a little

With a late day rumour of 'QE tapering', the VIX jumped 6% into the mid 13s, but as is usual, slipped lower into the close. The VIX closed +3.7% @ 13.13. Near term trend is very much that of minor chop. Baring a move into the 15s, the moves are all 'mere noise'.


VIX'60min

VIX'daily3

Summary

The moves on the hourly chart are just so small, but I thought merited being added today.

Daily chart says it all though, the day to day VIX remains at very low levels, and until we break into the mid teens again, there is no reason why the bears should have any visions of sp<1597.

more later..on those indexes