Equities opened moderately higher, along with a weak VIX (intra low 22.48), but with equities imploding into the weekly close, the VIX soared, settling +8.1% @ 27.01. Across the week, the VIX saw a powerful net gain of 48.3%.
Suffice to add... the second consecutive net weekly gain for the VIX, with the highest close since late September.
The weekly cycle is offering 28/29 for the Monday open. In theory, the 32/33s would be likely if the sp' lost the 1900 threshold.
VIX 40/50s are unlikely in the current down wave, but they do look due in the months ahead, as the sp' looks headed for the 1600s.
more later... on the indexes