Volatility melts into the weekend

Whilst the broader equity market saw some slight choppy weakness, the VIX slipped lower into the weekend, settling -2.7% @ 13.84  Across the shortened week, the VIX gained 11.1%. The VIX looks set to remain under the key 20 threshold until at least late January.


VIX'60min

VIX'daily3

VIX'weekly

Summary

There is little to add.

VIX looks set to remain low, and there is even the small possibility that the VIX won't break back above 20 until the late spring/early summer - which would be extremely incredible.

My primary market outlook is for an intermediate top this spring. If that is the case, I'd be looking for VIX - at least briefly, to spike into the low 30s. The only issue is whether 40s are viable if the market gets seriously spooked by something  - such as a geo-political crisis (China/Japan?).
-

more later..on the indexes