Volatility smashed lower

With the main indexes reversing back upward in early morning, the VIX was ground lower across the day, closing -11.7% @ 16.41 Near term trend looks bullish for equities, and the VIX looks set to be trading in the 14s within the next few trading days.


VIX'60min

VIX'daily3

Summary

VIX never did go positive at all today..despite sp -4pts in the opening 30minutes.

The VIX daily close is exceptionally bullish for equities for Friday..and at least the first half of next week.
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For the equity bulls, they should be seeking a VIX weekly close <16 - which would break the daily rising trend/support.


more later...on the indexes