Volatility knocked lower into the weekend

With equity indexes seeing minor chop, the VIX was naturally flipping fractionally positive and negative across the day. VIX closed -0.7% @ 14.11. Across the week, the VIX gained 0.8%, after a Monday spike high of 16.78.


VIX'60min

VIX'daily3

VIX'weekly

Summary

As is typically the case, the VIX was whacked lower in the closing minutes, which made for a fractional daily decline.

VIX looks set to remain in the 15/12 zone until the next FOMC of March'19. The big question to me, is whether the VIX can break into the 22s - exceeding the 2013 VIX high of 21.

Considering the bigger weekly/monthly equity charts, I believe....yes.
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more later..on the indexes