Volatility slips into the weekend

With US equities turning moderately higher in the late afternoon, the VIX turned lower, settling -3.3% @ 11.25 (intra high 12.04)  Near term outlook is for the VIX to remain within the 13/10 zone. Across the week, the VIX gained 3.7%.


VIX'daily3

VIX'weekly

Summary

Suffice to say, VIX remains low, even the mid teens look out of range until late July.

The bigger question is can the VIX break into the 20s by late summer? VIX 22s would break last years high (21.90s), and would be highly suggestive of 'something new' in terms of downside equity price action.

For the moment, I've zero interest in picking up any VIX long positions...at least until mid July.
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more later...on the indexes