Volatility falls into the weekend

With equity bulls breaking new historic highs on 'good news is good news' employment data, the VIX naturally melted lower, settling -4.5% @ 11.82 (intra low 11.53). Across the week, the VIX declined by a very significant -11.3%.


VIX'daily3

VIX'weekly

Summary

There is little to add.

VIX remains very low, and with equity price action as it is - not least in the approaching 'Santa season' any spike much above the mid/upper teens looks highly unlikely.

At best, equity bears might briefly see VIX 17/20 zone.. before the next major equity up wave across spring 2015.
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more later... on the indexes