With US equities closing moderately lower, the VIX settled +4.4% @ 24.23. Near term outlook offers relatively subdued equity price action into Thursday, before a probable snap higher, into the sp'2000s.. and that should see the VIX lose the key 20 threshold.
VIX'60min
VIX'daily3
Summary
Despite closing net higher, the VIX remains in broad cooling mode from the hyper-spike of August 24'th. Sub 20s VIX look a given if sp'2000s.
To be clear though, even if the equity market can see a post FOMC ramp... renewed downside of some sig' degree seems highly probable into October.
*I will consider a long-VIX position in the 17/15 zone.
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more later... on the indexes