VIX back in cooling mode

With US equities settling moderately higher, the VIX was back in cooling mode, settling -7.1% @ 24.37 (intra high 27.22). Near term outlook is for continued equity upside into FOMC week, with the threat of VIX in the 17/15s.


VIX'60min

VIX'daily3

Summary

Little to add.

VIX remains in broad cooling mode from the hyper spike of the 53s. Sub 20s look due in the latter half of next week.

In Oct', I am seeking renewed equity downside.. at least back into the sp'1800s.. and that should see VIX in the 40s... if not even higher.

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more later... on the indexes