VIX fails to hold the 14s

With equities reversing from the open, and clawing upward from sp'1809 to 1830, the VIX lost the moderate opening gains (intraday peak 15.24), slipped to a low of 13.98, and closing -1.1% @ 14.14. Near term outlook is for the VIX to melt lower into the 3-day weekend.


vix'60min

vix'daily3

Summary

Little to add.

Today was the sixth consecutive daily decline in the VIX. With the break >sp'1826, the equity market appears to have put in a tiny retrace of barely 1%, and is now back on the climb.

VIX 16s again look out of range, barring a break <sp'1800, which now looks unlikely.
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more later..on those super resilient indexes