Volatility falls into the close

With the main indexes swinging from sp'1760 to rallying to a new high of 1782, the VIX fell into the close, settling -2.5% @ 12.50. Near term outlook remains for the VIX to remain in the 14-11 zone, with the 20s unlikely until Jan/Feb 2014.


VIX'60min

VIX'daily3

Summary

There is little to add, whilst the VIX remains trundling around in a very tight range.

The opening black-fail candle was a clear warning to the equity bears that the opening declines were not likely to last...and indeed...that was the case.

*as the lunch time 'optionmonster' VIX video noted, there is no real buying interest in VIX, except for Feb'2014..when the debt ceiling issue will again appear.
--

more later..on the indexes