Volatility breaks into the 12s

Despite a little rally into the close - where the VIX settled +2.5% @ 14.15, more importantly, the VIX broke a new low of 12.89. The VIX looks set to decline into year end, remaining in the 15/11 zone. VIX 20s appear highly unlikely until at least late January.


VIX'60min

VIX'daily3

Summary

I can't take the latter day rally in the VIX seriously. Yesterday was a key turn/break, and the little afternoon bounce into the 14s, is arguably just that...a bounce.

Equities look set for further upside into the Friday close, and if that is the case, the VIX will surely close the week in the low 13s..even the 12s.
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more later..on the indexes