Volatility remains high

Despite equities bouncing to an afternoon high of sp'1876, the VIX managed to hold the mid 20s (intra low 24.61), settling -4% @ 25.20. Near term outlook is for renewed equity weakness, and VIX back in the 29/31 zone.


VIX'60min

VIX'daily3

Summary

Suffice to say.... VIX looks set for another wave higher.. before probably putting in a short term top....(at least until mid November).

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If sp'1600s.. then VIX will break into the 40s by late November, a level we've not seen since the major equity drop of Aug-Oct 2011.
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more later... on the indexes