Volatility ends the week with some gains

Whilst the main market saw choppy, but moderately weak price action, the VIX managed to hold moderate gains into the weekend, settling +5.3% @ 13.41. Across the week, the VIX gained 12%. Near term outlook is for VIX 14/15s on Monday, before a minor pull back into opex.


VIX'60min

VIX'daily3

VIX'weekly

Summary

So..not only did the indexes close moderately lower, but the VIX actually managed to hold onto some gains.

Certainly, we're only talking about 5%, and the VIX remains in the lowly 13s. This remains a fearless market.

Best guess, Monday morning, sp'1670s..with VIX spiking into the 14/15s, and that will probably be the best levels of the week for the bears.

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more later..on the indexes