With the main indexes closing moderately lower, the VIX naturally closed a little to the upside, settling +1.8% @ 13.75. Near term, the VIX looks set to remain in the low/mid teens. Certainly, if the main equity market can hold above sp'1700, VIX will remain <20 for the remainder of the year.
*some notable 'kooky spikes' on today's charts - no doubt, an algo-bot went 'crazy' a few times, but the exchanges might erase those spikes in the next day or two.
VIX looks set to remain in the low/mid teens in the near term, even if the sp' can manage some weakness to the low 1730s.
I certainly can't see the VIX breaking above the key 20 threshold any time soon, and probably not until mid/late Jan' of 2014.
more later..on those indexes