VIX falls for a second week

Whilst equities closed the week moderately mixed, the VIX clawed moderately higher into the weekend (having seen a notable opening low of 18.46), settling +3.7% @ 19.81. Near term outlook is for volatility to remain broadly subdued into mid March.


VIX'60min

VIX'daily3

VIX'weekly

Summary

*The VIX saw a net weekly decline of -3.5%.
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Price structure on the hourly chart is a clear bear flag - with a corresponding baby bull flag on the hourly equity cycle.

It would seem we'll see renewed equity upside next Monday, with VIX cooling to the 18/17s.

Broadly, the VIX will likely remain subdued into mid March.. before a key floor is put in. If sp'2020/40 zone, then VIX looks set for a brief foray to the 16/15s.

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more later... on the indexes