Volatility fractionally lower

Despite the indexes closing a little lower, the VIX was red most of the day, and closed -0.8% @ 14.56. The lower bollinger on the daily charts is 13.40..and that seems very viable in the near term.


VIX'60min

VIX'daily

VIX'weekly

Summary

A fearless market..and the VIX looks set to break back into the 13s, right back where we were in September.

We're now down almost 36% this week...and thats with Tuesday closed!

This is an incredible drop to start the year, and right now, there is no sign of the decline ending.

It has to be asked.. VIX single digits with sp in the low 1500s..within the next month or two?
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More later..on the daily indexes.