VIX cooling lower

With US equity indexes closing significantly higher, the VIX was naturally back in cooling mode, settling -11.0% @ 16.05. Near term outlook offers further equity upside to the 2040/60 zone by the next FOMC of Oct'28th. The key VIX 20 threshold looks out of range in the near term.


VIX'60min

VIX'daily3

Summary

Little to add.

VIX remains broadly subdued.. and looks headed lower into the weekend.

Right now... if sp'2060.. that might equate to VIX in the 14/13s.
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more later... on the indexes

Closing Brief

US equity indexes closed significantly higher, sp +29pts @ 2023. The two leaders - Trans/R2K, settled higher by 1.4% and 2.3% respectively. Near term outlook offers the 2030/40s, with the 2050/60s in FOMC week (Oct 26th>).


sp'60min

Summary

*closing hour action: further gains... new highs.. absolutely nothing for the equity bears to be pleased about.
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So... we have a retrace from 2022 to 1990.. and now we're breaking new cycle highs (from the sp'1871 low).

For now... equity bears have little reason to be getting involved as there is open air to the 2040/60 zone.. and the upper end of that looks out of range for another 7-8 trading days.

There is no hurry.
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more later.. on the VIX

3pm update - significant gains

US equities have built somewhat significant gains, with the sp' having hit 2020, along with VIX 16.39. Underlying upward pressure is set to continue into early next week, as even Oil has broken out of the short term downward trend.


sp'daily5

USO'60min

Summary

.. if it gets any colder here.. I'm going to lose the ability to type my AH posts..

brb...
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3.22pm... well, there go the sp'2022 short-stops.

Door is wide open to 2030/40s for tomorrow/Monday.

More broadly.. the only real issue is what happens in the 2040/60 zone... in FOMC week.
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Oil has seen a rather powerful reversal... now +0.5%..