Volatility melts into the weekend

Whilst the main equity indexes closed moderately higher, the VIX settled -3.4% @ 13.28. Across the week, the VIX gained 1.45%. Near term outlook is for a marginally higher VIX, perhaps into the 15/16s - with sp'1730s, before renewed equity upside into early December.


VIX'60min

VIX'daily3

VIX'weekly

Summary

The VIX hourly chart is effectively flat lining. We've seen the VIX remain in a super tight range of 14.50 to 13.0 for the past two weeks.

Even if sp' can decline to the 1730s next week - which itself will be difficult with heavy QE, I don't expect anything above 15/16. Certainly, the 20s look unlikely for the remainder of this year.

more later..on the indexes