Volatility falls into the weekend

With the jobs data coming in above consensus, the main indexes opened higher..and despite a morning fail..the market once again saw a latter day recovery rally. The VIX was weak across the day, closing -3.6%  @ 12.59. Across the week, the VIX lost 18%


VIX'60min

VIX'daily3

VIX'weekly

Summary

The hourly charts show very consistent weakness in the VIX. This matches the relentless climb in the main equity indexes.

A break into the VIX 11s is very viable next week..although I believe it'll mark the low..perhaps 'THE low' of this grand cycle. Impossible to know right now.

What is clear..if the equity indexes do rollover into April/May, -with sp' in the low 1400s..the VIX is going to bust over the big 20 threshold.


*as things are, there is no hurry for bears to be re-shorting the indexes..or long VIX..yet.  I'm considering next Tue/Wed..but would actually think after March opex (Fri' 15'th) is the much more sensible idea.

more later..on the indexes