VIX near 15 level as equities drop
Equity indexes continued to lose ground yesterday, driving the CBOE Volatility Index higher.
The S&P 500 fell 11.52, or 0.58 percent, to close at the day's low of 1982.77. The SPX has resistance at 2010 and some support at 1980, then just below 1960.
The Nasdaq 100 slipped 9.66 points, or 0.24 percent, to 4051.57. Resistance has resistance at 4100 and support at 4010.
The Russell 2000 dropped 10.65 points, or 0.94 percent, to finish at its session low at 1118.72. That was its worst close since Aug. 1. The small-cap index has resistance at 1140 and support at 1100.
The VIX climbed 1.24 points, or 9.06 percent, to 14.93. The nine-day CBOE Short-Term Volatility Index (:VXST) added 2.14 points, or 15.9 percent, to 15.60. Both surged after the closing bell to the day's highs.
The October VIX futures gained 0.50 point to 15.40, and the November futures added 0.45 point to 15.90. That pushed the iPath S&P 500 VIX Short-Term Futures Note (VXX) was up 3.8 percent to $29.23.
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