Volatility climbs a little

With the main indexes closing moderately mixed, the VIX managed a small gain. The VIX closed +3% @ 12.66, after an earlier spike gain of 6% in the low 13s.  Near term trend still looks weak though, and sp'1710/20s would very likely equate to VIX 11s.


VIX'daily3

Summary

Little to note, one up day in the VIX does not constitute a major trend change.

With the indexes looking like there is broad upside into early next week, the VIX will struggle to break above the still declining daily 10MA.

more later..on the indexes