With equities settling the week on a moderately positive note, the VIX melted lower into the weekend, settling -4.9% @ 12.83. Near term outlook is for renewed equity weakness.. to the sp'2040s, which (in theory) should equate to VIX 17s. The big 20 threshold looks out of range in the near term.
*a net weekly VIX decline of -4.2%
The weekly candle was a reversal candle... similar to the one seen in mid July 2014.
Certainly, VIX looks set to break into the 20s.. but that seems far more likely in September, than by end August.
more later... on the indexes