Volatility continues to melt lower

With US equities seeing some minor weak chop in the late afternoon, the VIX tried to hold minor gains (intraday high 13.75), but failed, closing -1.2% @ 13.25. Near term outlook is for sp'1895/1905, which should equate to VIX back in the 12/11s.


VIX'daily3

Summary

Little to add, on what was a very quiet day.
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If the market likes the jobs data tomorrow morning, indexes will jump 1% or so, and that should easily be enough to kick the VIX lower into the weekend, probably into the low 13s..even 12s.
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more later on the indexes.