Volatility moderately higher

With the main indexes closing a little weak, the VIX saw moderate gains, settling +7.5% @ 13.10. Near term outlook remains unchanged, with the VIX likely to remain in the 13/11 zone. The VIX looks unlikely to break above 20 until at least mid/late Jan'2014.


VIX'60min

VIX'daily3

Summary

So..the VIX managed to close up, but we remain at such low levels, even a move of 10/20%..and the VIX would still be at a rather bizarre level.

As ever..on any Tuesday open, equity bears should be mindful of a black-fail candle on the hourly chart, that might suggest 'thats all folks'.

Near term outlook remains unchanged. VIX highly unlikely to break >20..until next year. Seems zero point in being on the bullish side of volatility, whether VIX calls, VXX, or the more crazy TVIX/UVXY 2x lev' instruments.
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more later..on the indexes