With US indexes building gains across the day, the VIX was knocked down from the open, settling -17.1% @ 12.06. Near term outlook is for the VIX to slip back into the 10s, and single digit VIX is possible if sp'2000 before months end.
Across the week, the VIX declined by -0.2%, and clearly, the giant spike is a pretty bearish candle.
Despite the brief Thursday climb into the 15s, VIX looks set for lower levels in the weeks ahead. The big VIX 20 threshold looks unlikely to be tested for some months.
more later..on the indexes