With equities closing significantly lower, the VIX soared into the weekend, settling +26.1% @ 24.39 (intra high 25.27). Near term outlook offers a little further higher, but post-FOMC, the VIX looks set to get ground to the low teens by year end. Across the week, the VIX gained a rather extreme 64.7%.
VIX'60min
VIX'daily3
VIX'weekly
Summary
Suffice to add.. the weekly close above the key 20 threshold is a surprise.
It would seem the market is seeing a rather powerful washout ahead of the FOMC, and which should counter rally after rates are raised.
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more later... on the indexes
