Volatility continues to decline

With US equities resuming the climb, the VIX was naturally lower for the fourth consecutive day, settling -8.7% @ 12.90. Near term outlook is for VIX 12/11s. If sp' can break the giant 2000 threshold - whether late Aug or in September, VIX 9s still look viable


VIXdaily3

Summary

*not surprisingly, the VIX was whacked a little bit lower in the closing minutes.
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Little to add.

With the market flooring at sp'1904 last Thursday, the VIX continues to slide, and daily MACD is offering another 2-3 days lower.
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more later.. on the indexes