Volatility lower again

With the main indexes closing a little higher, the VIX once again slipped, falling 2% into the high 13s.


VIX'60min

VIX'daily

Summary

Even VIX 16 looks a long way up right now. This is pure craziness considering the unstable month of October is ahead.

From a MACD cycle perspective, we're certainly due a good up move in the VIX, but right now it won't be until at least the middle of next week until we go positive cycle.

The bears can at least claim that we've not broken the mid August low yet..despite QE3.

More later.

Closing Brief

So we're back to the low volume melt again, sigh.


dow'60min

Sp'60min

Trans'60min

Summary

A very dull day, but we did appear to show a little weakness in the closing few minutes, but still..net gains for the main indexes.

I can only hope tomorrow is more entertainment, urghh

More later

3pm update - messy

We're experiencing low volume mess. I suppose you could count a 5 wave moev since we snapped higher Sept'6, with us being in the fifth higher. I don't much like to count this nonsense though lately, its all mostly noise.

The daily underlying cycle is still suggestive of a rollover, but really, its IS a messy near term outlook.


sp'60min

vix'60min

Summary

Things are even a little more mixed  than I was looking for today,

Its been around 3 months since we had a proper down day, and frankly, it sure doesn't feel like one is imminent. Its not so much 'calm before the storm', as just...the boring doldrums.

AAPL hit $703s earlier, clearly the QE is working................./s

More after the close