Equity indexes rebounded sharply yesterday, pushing the CBOE Volatility Index back below the 20 level.
The S&P 500 gained 23.29 points, or 1.16 percent, to 2025.90. The SPX closed near the high of the day, recovering losses from the previous session. Resistance remains at 2050, with support at 2000 and then 1975.
The Nasdaq 100 climbed 49.16 points, or 1.2 percent, to finish at 4160 even. The NDX has resistance at 4200 and then 4300, with support at 4100.
The Russell 2000 rose 14.65 points, or 1.26 percent, to 1175.97. Unlike its peers, the small-cap index it did not regain Tuesday's losses. The RUT has resistance at 1180, with support at 1160 and then 1140.
The VIX fell 1.81 points, or 8.57 percent, to 19.31, near its session low. The nine-day CBOE Short-Term Volatility Index (:VXST) slipped 2.94 points, or 14.32 percent, to 17.59.
The VIX futures followed lower, with January contracts falling 1 point to 18.85 and February futures down 0.95 point to 18.70. The iPath S&P 500 VIX Short-Term Futures Note (VXX) fell 3.15 percent to $32.88.
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