VIX climbs into the weekend

With US equity indexes closing the week on a negative note, the VIX was on the rise, settling +7.0% @ 23.38. Near term outlook offers renewed equity upside to the sp'1960/80 zone, and that should equate to VIX 18/17s. Across the week, the VIX saw a net weekly gain of 15.7%.


VIX'60min

VIX'daily3

VIX'weekly

Summary

*it is notable that the most recent four weekly candles all have rather spiky tops.. which is suggestive of renewed cooling in volatility.
-

So.. equities end the week on a very bearish note, but to me, the VIX never really showed the appropriate amount of upside kick/power today.

For now, there is very little market panic/upset, and its just a case of seeing rather powerful swings, but still broadly climbing from the Jan'20th low of 1812.

Hyper upside in the VIX - to the 40s.. or even higher, seems out of range until at least mid March.

--
more later.. on the indexes