Net weekly declines for the VIX

Despite lower lows in most indexes this week, the VIX never could break last Friday's high of 17.57. With equities climbing into the weekend, the VIX settled -5.3% @ 15.77.  Across the week, the VIX declined by a rather surprising -7.4% .


VIX'60min

VIX'daily3

VIX'weekly

Summary

As I noted a week ago...'look for a divergence'. We certainly saw that this week, and it is especially seen on the daily chart.

VIX looks set to slip back to the 14/13s.

The real question remains... can the sp'500 break back into the 1970s. If so.. then new equity highs are due... which would likely equate to VIX in the 11/10s.
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more later... on the indexes