Equity indexes finished yesterday's session with modest losses but were well off the lows of the morning. The CBOE Volatility Index closed just shy of 20.
The S&P 500 fell 3.56 points to 1751.64. It fell below 1738 in the first hour of trade. Support is at 1730 and resistance at 1770.
The Nasdaq 100 declined 15.31 points to 3454.90. It fell below 3419 in the morning before climbing back to nearly even onthe day. It has support at 3400 and resistance at 3550.
The Russell 2000 dropped 9.25 points to 1093.59. The small-cap index was below 1083 at the morning low. It has support just below that at 1080 and resistance at 1130.
The VIX was up 0.84 points, or 4.4 percent, to 19.95. The volatility index was as high as 20.72 early in the session.
The VIX futures followed higher but remain at unusual discounts to the spot index. February futures closed at 19.15 and March contracts at 18.75. With that, the iPath S&P 500 VIX Short-Term Futures Note (:VXX) was up 3.94 percent to $53.87.
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