Volatility ends the week on a downer

With the main indexes melting back higher across Friday, the VIX naturally responded by slipping lower. The VIX closed -6.9%, settling @ 14.17. This was the highest weekly close since late December.


VIX'60min

VIX'daily3

VIX'weekly

Summary

Not much to add..suffice to say, VIX did break into the 16s on Thursday morning - with sp'1497.

Whether the market can see a further equity wave lower next week, to around sp'1490/80 - with VIX 17/18s, that is now the minor curiosity.

I say curiosity, since the broader picture is absolutely still bullish, not least whilst the Feds POMO program continues.

A little more later..on the indexes.