Volatility unchanged

Whilst the main indexes managed very slight gains, the VIX closed exactly unchanged @ 13.39. Near term momentum is increasingly turning toward the equity bears. However, the indexes still look vulnerable for one final lurch to the upside, into the sp'1700s.


VIX'60min

VIX'daily3

Summary

So...a flat VIX, but the underlying pressure is indeed turning back toward the equity bears.

The MACD (blue bar histogram) cycle ticked upward for the sixth consecutive day, and looks set to go positive cycle at the Wednesday open.

Note the upper bollinger on the daily cycle, which is falling fast, it will be in the 14s by the end of this week..and that will prove to be a tough target for the bears to consistantly close above.
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more later...on the indexes