With equity indexes ending the week on a moderately positive note, the VIX remained in cooling mode, settling lower for the ninth consecutive day, -1.9% @ 17.08 (intra low 16.89). Near term outlook is for further equity upside to the sp'2040/60 zone.. and that will likely equate to VIX 15/14s.
*a very significant net weekly decline in the VIX of -18.4%
Little to add
VIX sees yet another net daily decline... nine is quite a downside run... and no doubt.. it can't keep falling, right?
*as things are, I have ZERO interest in being long the VIX in the immediate term.
more later.. on the indexes