With US equity indexes closing the week moderately higher, the VIX cooled into the weekend, settling -4.9% @ 15.36 (intra high15.93). However, across the week, the VIX saw a net weekly gain of a rather significant 17.2%.
*a notable reversal doji daily candle to end the week... suggestive of renewed VIX upside next Monday.
Suffice to add, the VIX remains broadly subdued, but it would seem we have a key mid term floor of 13.00 - with sp'2075.
Underlying MACD (blue bar histogram) on the giant weekly cycle is offering a key turn. At the current rate, the VIX will have strong upside potential no earlier than May.
more later... on the indexes