With equities closing moderately mixed, the VIX was unable to hold afternoon gains of around 10% (intra high 29.20), settling -0.2% @ 26.05. Near term outlook is for the sp'1945/30 zone, and that should equate to VIX in the 30s.. before cooling back to the 20 threshold by mid Sept'.
*a net weekly decline of -7.1%
As is often the case, the VIX was knocked lower into the weekly close..
It was the wildest week in the VIX since the equity collapse wave of August 2011, with the highest VIX print since Jan' 2009 of 53.29.
more later.. on the indexes