Whilst equities saw rather significant gains build across the day, the VIX was naturally in cooling mode, settling -2.4% @ 15.61 (intra low 15.36). Near term outlook is back to bullish for US equities, with risk of VIX continuing to cool to the mid/low 14s.
VIX'60min
VIX'daily3
Summary
All things considered, the VIX held up pretty well today. Yet.. part of that reason is no doubt because of the looming FOMC announcement this Wednesday afternoon.
*VIX opex is at the Wed' open.
--
more later... on the indexes
