With the equity indexes seeing another weak closing hour, the VIX managed another little spike, settling +3.9% @ 14.24 - the highest close in almost 7 weeks. There is moderate opportunity for a move into the 15/17 zone, but the 20s still look out of range until late Jan/Feb'2014.
There is little to add, the VIX remains low..and at best..a brief spike into the 15/17 zone seems viable before end year.
Certainly though, VIX >20 looks extremely unlikely, whilst QE continues.
more later..on the indexes