Volatility climbs into the weekend

With equities weak across the day, the VIX built gains (intra high 14.27), but cooling into the close, settling +4.0% @ 13.31. There looks to be near term upside to the 15s.. before resuming lower. Across the week, the VIX gained 10.1%.


VIX'60min

VIX'daily3

VIX'weekly

Summary

Suffice to say... VIX looks set to max out early next week in the 15s.. where there is a clear gap to fill - seen on the daily/weekly cycle.

Under no outlook do I expect VIX in the 20s in the near term.
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more later... on the indexes