The VIX, the indicator of volatility, dropped to a six year low today as the US equity markets shook off weak economic data out of China, and the downgrade of Italian debt, to move to fresh highs in the touristy Dow.
The SP futures have a measuring objective of 1570. They closed around 1555 today.
I took a long in volatility towards the close of US trading today to balance some other things out for the most part.
