Volatility remains low

With the main equity indexes in algo bot melt mode, the VIX struggled to climb more than 4-5% in the morning, and simply melted back lower into the close, settling +1.7% @ 13.31. There is the small risk of a VIX spike after the FOMC announcement this Wednesday afternoon.


VIX'60min

VIX'daily3

Summary

There is very little to add.. VIX remains low, and even if the market decides to sell off post-FOMC, the VIX will struggle just to break into the 15/16s.

Right now, the notion of VIX in the 20s..just looks entirely implausible.
-

more later..on the indexes