VIX cools a little

Whilst equities closed moderately higher, the VIX was naturally back in cooling mode, settling -1.4% @ 19.34. Near term outlook offers increasing equity price chop ahead of the FOMC. Sustained VIX action above the 20 threshold remains difficult, with the 12/11s probable before year end.


VIX'60min

VIX'daily3

Summary

*it is notable that there are an increasing number of 'rogue' VIX price prints.. on the low end.
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Little to add.

VIX is battling to hold the key 20 threshold... as the FOMC looms next week. Once that is out of the way, the VIX will VERY likely cool into year end.

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more later.... on the indexes