Whilst equities closed the week moderately mixed, the VIX clawed moderately higher into the weekend (having seen a notable opening low of 18.46), settling +3.7% @ 19.81. Near term outlook is for volatility to remain broadly subdued into mid March.
*The VIX saw a net weekly decline of -3.5%.
Price structure on the hourly chart is a clear bear flag - with a corresponding baby bull flag on the hourly equity cycle.
It would seem we'll see renewed equity upside next Monday, with VIX cooling to the 18/17s.
Broadly, the VIX will likely remain subdued into mid March.. before a key floor is put in. If sp'2020/40 zone, then VIX looks set for a brief foray to the 16/15s.
more later... on the indexes