VIX Volatility Daily Chart Intraday

VIX falls today and tests the important support level in place for the last month at 12.32-12.36. For now, it holds. With the SPX up 1.2% today, and such an important day, with the SPX printing highs not seen in five years, the VIX would be expected to be far lower.  There are other interesting things going on such as tame bond yields today and very light volume in the equities markets. Watch the 12.32 low for the remainder of the day to see if volatility holds the support or not. Bulls want VIX to collapse down through 12.32 and head to 11. Bears want the support to hold and for the VIX to move back up to regain the 20-day MA at 13.09. The markets will turn sour at 14.40 but this appears a world away considering today's action. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.

Note Added 7:15 PM:  The VIX closes at 12.36 to provide the bulls and bears a night to think things over.