Volatility breaks into the 15s

Whilst the main indexes saw some moderate declines, perhaps the most notable aspect of today was the VIX, which broke into the 15s for the first time since mid October. With the indexes clawing back upward into the close, the VIX slipped back, settling +2.25% @ 14.55.


VIX'60min

VIX'daily3

Summary

So..the VIX broke into the 15s, which is kinda impressive, with the sp' still in the 1790s.

The daily closing candle should really concern the equity bears. We have a black-fail candle, and that is certainly suggestive of equity upside tomorrow.

As a fair few out there are looking for, a move back into the sp'1805/10 range..before another wave lower..later on Thur/early Friday.

On no basis though, do I see the VIX managing to claw into the 20s before year end. That would be a real surprise to me.
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more later...on the indexes