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VIX below 20 as equities close flat

Chris McKhann (chris.mckhann@optionmonster.com)

The CBOE Volatility Index pulled back below the 20 level yesterday as equity indexes closed mixed but little-changed.

The S&P 500 was barely higher, posting a gain of 0.95 points to 1656.40. It fell below 1647, climbed above 1662, and then gave up gains in the final 20 minutes. The SPX has some support at 1630 and resistance at 1730.

The Nasdaq 100 was down 11.33 points to 3142.54. It sank to 3118 in the morning before paring losses in the afternoon. It has support at 3050 and resistance at 3256.

The Russell 2000 lost 3.8 points to finish at 1043.46. It has support at 1010 and resistance at 1087.

The VIX was down 0.74 points, or 3.64 percent, to 19.60. It was as high as 21.34 before falling to 19.06 with just a few minutes left in the session.

The VIX futures also declined and remain below the spot volatility index. The October futures fell 0.55 points to 18.85, while the November contracts were down 0.40 points to 18.70. The December futures gave up 0.10 points to close at 18.85.

This had the iPath S&P 500 VIX Short-Term Futures Note (:VXX) down 3.48 percent to $16.37. 

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