It was a mixed day in VIX land, with a kooky downside spike in early trading to 14.19, then turning fractionally positive to 15.83, but settling -4.6% @ 15.07. Near term outlook offers renewed equity downside.. with VIX 20s 'briefly' viable next week.
VIX'60min
VIX'daily3
VIX'weekly
Summary
*the VIX saw a net weekly gain of a very significant 15.75%.
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So.. an intra week low of just 12.58, but then soaring to 17.19 - which was also the exact high from March'11th, when sp' was 2039.
All things considered, there looks to be another opportunity for the equity bears next week.. and if the 2039 low can be taken out.. then VIX will be trading (if briefly) in the low 20s.. as offered by the bigger weekly cycle.
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more later.. on the indexes