Volatility remains low

With the main indexes closing slightly higher, the VIX remained weak, and settled +0.3% @ 14.06 - having earlier fallen to 13.58. If the main market begins a new rally into October, the VIX looks set to slip further, into the 12s, perhaps even the 11s, if sp'1750/75.


vix'60min

vix'daily3

Summary

Another day where the VIX slipped into the 13s, even though the market was generally weak.

It remains a fearless market, and that is pretty surprising considering the recent 5 day equity down wave (the first since Dec'2012).

Best guess, equities look set for a new wave higher, with a target of sp'1750/75 by late Oct/early Nov, and that should be enough to kick the VIX into the 12s, if not even the 11s.

This is simply not bear weather.
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more later..on the indexes