Volatility weak into the close

The VIX held up very well during the day, and traded from -4% to +2% on the FT posting, yet with equities rallying back into the close, the VIX closed -2% @ 16.80  Daily VIX trend looks weak, and if the Fed doesn't upset the market, VIX will soon be in the 14s.


VIX'60min

VIX'daily3

Summary

Underlying daily MACD (blue bar histogram) cycle ticked lower for the third day, and is set to go negative cycle within 2-3 days.

Equity bulls look set for sp'1670s this week, which would likely equate to VIX 14s.

more later..on the indexes