Markets may zoom right out of the gate, then drift all day again just like today, this keeps the vix in check hehehehe.
I follow the VIX too and at the moment it is really stretched downside from it's 10day moving average which implies a pullback in the markets could happen in next 2-3 days. Pullback or sideways consolidation. This indicator used this way has not failed in the last 6 months http://lauristonletter.blogspot.com/
Simple question Why does the volatility increase in a bear/down market, as in the daily range and intraday swings? Thanks