Significant weekly declines for the VIX

With the US equity market breaking new historic highs, the VIX was naturally lower. The VIX saw net weekly declines of a very significant -10.9%, settling at 10.85. The near term outlook offers a minor spike to 13/14, before further weakness into mid July.


VIX'daily3

VIX'weekly

Summary

Suffice to say, the VIX remains extremely low, but this situation could last many weeks..perhaps even months.

As it is, I am STILL holding to a viable brief.. but very sharp down wave in equities later this summer, and that would most certainly offer VIX in the 25/35 zone.

*I have NO interest in picking up any bullish VIX positions until at least July'16th.

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more later... on the indexes