Volatility melts higher into the weekend

With the main indexes seeing continued moderate weakness into the weekend, the VIX battled slowly..but consistently higher across the day, settling +10% @ 15.46. Across the week, the VIX gained 17.8%. Despite the weekly gains, VIX 20s do not look viable any time soon.


VIX'60min

VIX'daily3

VIX'weekly

Summary

So, the VIX did make it into the 15s..something which seemed difficult just a few days ago.

Yet..equities sure don't look particularly weak, despite a broad..but very slow decline from the Sept'19 high of sp'1729.

All things considered, even if VIX opens higher next week, it'll be prone to a major fail (be on the look out for a black candle on the hourly/daily charts, early Monday morning).

I just can't envision the VIX back in the 20s any time soon. This market remains powerfully bullish, and with the Fed still throwing $85bn at the US capital markets each month...how are we going to see any significant equity declines?
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more later...on the equity indexes