With equities seeing a significant rebound from the morning low of sp'2070, to close at 2089, the VIX cooled from an intra high of 17.21, settling +2.0% @ 15.93. Near term outlook is for further equity upside.. into the sp'2100s.. and to new historic highs >2134.
Suffice to note, VIX maxed out at declining resistance/trend... with the market flooring at sp'2070.
Even if VIX falls under 13 by the next FOMC... there is seemingly high chance of a brief spike to the 20 threshold.. before renewed cooling into January.
*I have ZERO interest in being long volatility until late spring 2016.. at the earliest.
more later... on the indexes