VIX higher as equities post losses

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Equity indexes closed yesterday with modest losses ahead of today's Federal Reserve announcement, while the CBOE Volatility Index ticked slightly higher.

The S&P 500 was down 5.54 points to close at 1781 even. That was the middle of the day's range as it hit 1777 in the late morning. It has resistance at 1813 and support at 1750.

The Nasdaq 100 was off 6.47 points to 3469.31. The NDX continues to hold above its 20-day moving average. It has resistance at 3524 and support at 3400.

The Russell 2000 was down 0.96 points to 1118.89. It has resistance at 1147 and support at 1080.

The VIX was up 0.18 points, or 1.12 percent, to 16.21. The volatility index was down at 15.81 with about 2 hours left of trade but then climbed into the bell.

The December VIX futures finished at 16.20 ahead of its settlement this morning, and the January futures closed at 15.55. That left the iPath S&P 500 VIX Short-Term Futures Note (:VXX) down 0.42 percent to $47.25. 

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