Volatility melts into the 11s

With the main indexes clawing inexorably higher, market volatility is still melting lower, with the VIX closing -7.4% @ 11.98 - the lowest close since mid April. Across the week, the VIX slipped 5.8%. The US market remains utterly..and bizarrely complacent.


VIX'60min

VIX'daily3

VIX'weekly

Summary

Considering the market closed the week at new historic highs, its not exactly surprising to see the VIX close on a downer, but still...the 11s is somewhat bizarre to see again.

From what I gather, even the VIX pro-traders weren't looking for a VIX consistently below 13.

Yet here we are, with a weekly close in the 11s..and the indexes are still offering a little more upside next week.
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more later..on those powerful indexes