Volatility still on the slide

The VIX closed lower for a fourth consecutive day, losing a further 5%, to settle @ 13.83. This is the lowest close since mid August. Across the week, the VIX lost a stunning 39%, and this is perhaps the largest weekly decline...ever, and that's with a shortened four day trading week!


VIX'60min

VIX'daily

VIX'weekly

Summary

Just reflect where we were at the Friday close last week. We saw a brief spike to VIX 23.23, and since that AH spike, its been a devastating drop. The weekly drop of 39% is probably a record drop.
--

Considering the indexes - especially the monthly index charts, since it seems sp'1490/1510 will now be hit across the next month or two, it would seem likely the VIX will see even lower levels.

VIX 12s or 11s seem likely, the only unknown is whether we'll see VIX 10..or even single digits, which would certainly make the clown finance TV networks get hyper bullish.
--

More later...on the those bullish indexes.