Volatility a touch higher

With the main indexes closing moderately lower, the VIX naturally closed a little to the upside, settling  +1.8% @ 13.75. Near term, the VIX looks set to remain in the low/mid teens. Certainly, if the main equity market can hold above sp'1700, VIX will remain <20 for the remainder of the year.


VIX'60min

VIX'daily3

Summary

*some notable 'kooky spikes' on today's charts - no doubt, an algo-bot went 'crazy' a few times, but the exchanges might erase those spikes in the next day or two.
--

VIX looks set to remain in the low/mid teens in the near term, even if the sp' can manage some weakness to the low 1730s.

I certainly can't see the VIX breaking above the key 20 threshold any time soon, and probably not until mid/late Jan' of 2014.
-

more later..on those indexes