VIX cools into the weekend

With equities closing the week on a moderately positive note, the VIX continued to cool, settling -6.2% @ 15.05. Near term outlook is for further equity upside to test the 200dma in the sp'2060s, and that would likely equate to VIX 14/13s.


VIX'60min

VIX'daily3

VIX'weekly

Summary

*the lowest daily close since Aug 19th
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Little to add.

VIX remains broadly subdued as the equity market continues to claw toward the 200dma of the sp'2060s.

If sp'2060, that will likely equate to VIX 14/13s... around the time of the next FOMC.

From there... some sig' degree of equity retrace looks probable. At best.. VIX might briefly see the low 20s in early November.

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more later... on the indexes