VIX rapidly cools into the weekend

With equities climbing across the day, the VIX was naturally in cooling mode, settling -12.7% @ 12.70. Near term outlook is moderately mixed, with viable equity weakness across Mon/Tue, but with the broader upward trend set to continue across May... and probably at least into the next FOMC of mid June.


VIX'60min

VIX'daily3

VIX'weekly

Summary

*a net weekly gain of 3.3%, but with a bearish spiky top candle, it is indicative that equity bears are still unable to sustain downward price pressure.
--

The Thursday high of 15.25 already now looks a fair way higher. VIX remains generally subdued, the big 20 threshold looks out of range until at least mid June.
--

more later... on the indexes