Volatility battling for the low teens

With the main indexes seeing a little weakness in the closing hour, the VIX managed to hold minor gains, settling +4.3% @ 12.79. There is opportunity for a brief move into the 14/15s...but the 20s remain off the table until next year.


vix'60min

vix'daily3

Summary

Little to add. Near term upside...to the 14/15s....before equity bulls push higher again.

VIX looks unlikely to break into the 20s until late Jan/Feb, when the debt ceiling/budget issues will once again arise.
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more later..on the indexes