Volatility slips across the week

With equities on the slide, the VIX built gains, but they were never anything of significance. The VIX settled +3.2% @ 17.55 (range 18.41/16.44). Near term outlook is for new equity highs... which should equate to VIX in the low teens.. perhaps 12/11s, if sp'2125/50 zone by early Feb.


VIX daily3

VIX'weekly

Summary

*across the week, the VIX declined -1.3%
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Little to add.

It would seem sp'1992 was a short term low.. and VIX looks set to remain under the 20 threshold at least until after the next opex.

The weekly chart is offering the fourth spiky top candle... and that does not bode well for the equity bears. Despite the many concerns (not least about looming fed rate rises)... the VIX can never hold above the key 20 threshold for very long.
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more later... on the indexes