VIX in cooling mode

With US equity indexes closing significantly higher, the VIX was naturally in cooling mode, settling -7.8% @ 20.95. Near term outlook offers threat of a very brief equity flash lower, but with highly probable renewed upside to the sp'2100s, and that will likely equate to VIX cooling to the low teens before end year.


VIX'60min

VIX'daily3

Summary

Suffice to add, the market remains naturally a little anxious ahead of the final FOMC announcement of 2015.

Once the rate hike is done..the uncertainty will be out of the way... and market volatility should melt lower into year end.

In my view.. the only issue is whether 2015 ends with a VIX in the low teens... or 12/11s.

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more later.. on the indexes