Volatility is increasing and it is good for swing traders. It is also good to see that the market is coming back to a normal stance, where Central banks are less intervening, or that there intervention is not effective anymore, because at the end of the day, for those who believe like me in liberal economy, you should really do let buyers and sellers fixing the price in a perfect competitive market without having the virtual intervention of the CB's. Having said that, market is starting to acknowledge QE3 is over, there is still cheap money in the market, but risk is growing. on a medium term basis, VIX will swing with the blue trend line as the lowest level on the downside... The volatility may very much increase when FED's increased its interest rate.