VIX collapses into the weekend

With equities seeing another swing, this time to the upside, the VIX was ground lower into the weekend, settling -15.6% @ 16.86. Near term outlook is offering broad equity upside into August, with the VIX set to cool to the low teens.. perhaps 12/11s.. before sustained 20s.. or even 30s in Sept/Oct.


VIX'60min

VIX'daily3

VIX'weekly

Summary

*net weekly gain of 0.2%.
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Certainly, the market saw some significant volatility this week, and we even saw the VIX briefly (as in minutes) break above the key 20 threshold.

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The bigger VIX weekly cycle is offering a second consecutive spiky top candle... and that bodes for further cooling into next month.

What is rather exciting though is that the next VIX up cycle - probably beginning after mid August, should see much higher levels.. at least to the 25/30 zone.
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more later... on the indexes