VIX resumes cooling

With equities closing significantly higher, the VIX resumed cooling mode, settling -13.5% @ 14.45. Near term outlook is for continued equity upside, which will likely equate to VIX 13/12s. The key 20 threshold looks out of range at least for another 5-6 trading days.


VIX'60min

VIX'daily3

Summary

VIX is naturally being ground lower as the equity market resumes 'normal service'.

Right now, it is looking like we've seen the VIX high of the year (53s). At best... volatility bulls might see VIX briefly trade in the 20-25 zone once or twice before year end.

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more later... on the indexes