The major equity indexes again rebounded off morning lows to finish mixed yesterday, leaving the CBOE Volatility Index down 4 percent.
The S&P 500 up just 0.27 point, or 0.01 percent, to 1862.76. It fell to 1835.02 in the morning and then surged to 1876.01 before closing virtually unchanged. The SPX has resistance at 1900 and support at 1820.
The Nasdaq 100 fell 20.69 points, or 0.55 percent, to 3765.28. The NDX again tested support at 3700, while resistance is at is 3850.
The Russell 2000 gained 13.67 points, or 1.27 percent, to 1086.11. The small-cap index closed above its 10-day moving average, unlike its two peers. The RUT has resistance around 1105 and support at 1040.
The VIX was down 1.05, or 4 percent, to 25.20, just above the session low. The volatility index climbed back above 29 a couple of times in the morning.
The nine-day CBOE Short-Term Volatility Index (:VXST) was down 0.64 point, or 2.06 percent, to 30.48. It was above 35 in the morning.
The VIX futures were down even more, with the October contracts closing at 22.30 and the November futures at 21.05.
Even with that, the iPath S&P 500 VIX Short-Term Futures Note (VXX) was up 2.33 percent to $40.33. The reason for the difference involves the closing times for the VXX and VIX futures, which affected pricing yesterday.
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