Volatility slips into the long weekend

Whilst US equities climbed on 'relatively' good monthly jobs data, the VIX was knocked lower, melting into the weekend, -4.6% @ 10.32. Near term outlook is for VIX to remain within the 12/10 zone, although the 9s look probable at some point this July/August.


VIX'daily3

VIX'weekly

Summary

Suffice to say, VIX remains exceptionally low, but as the 2004-07 time frame displayed... VIX can remain very low for some years.

It remains an incredible..and bizarre situation to witness..but as ever.. it is.. what it is.

Underlying weekly MACD (blue bar histogram) cycle is offering a possible spike in late July/early August, but right now, even the mid teens look a stretch.

Certainly, VIX 20s now look out of range until the autumn...if at all.
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more later.. on the indexes