A second major weekly decline for the VIX

The October high of VIX 31.06 now looks like it won't be surpassed for some months. With equities breaking new historic index highs, the VIX settled -3.4% @ 14.03. Across the week, the VIX declined by a significant -12.9%.


VIX'daily3

VIX'weekly

Summary

Suffice to say... the second major net weekly decline, but if you include the giant pull back from the spike of 31.06..the VIX has now been cut fully in half.

Now the issue is not so much whether 30s are viable before year end... but if the VIX can push (if briefly) into the low 20s.

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more later.. on the indexes