VIX crushed into the weekend

With equities building very significant gains, the VIX was ground down across the day, settling -18.2% @ 14.81. Near term outlook is for the sp'2115/20 zone, which will likely equate to VIX 13/12s. The 20 threshold again looks out of range until after the next FOMC.


VIX'60min

VIX'daily3

VIX'weekly

Summary

*a net weekly decline of -2.0%
--

Suffice to note.. the two Thursday afternoon hourly candles were indeed a warning that equities were in a flooring phase.

VIX looks set to fall further next week, as the sp' breaks back above the 2100 threshold.

-
more later... on the indexes