Volatility slightly higher

The VIX dropped into the 13s early morning, but with the market seeing an afternoon reversal, the VIX battled back, settling +3.5% @ 15.03. Near term outlook is offering upside to the 16/18 zone, whilst the 20s still look out of reach - barring any 'spooky news'.


VIX'60min

VIX'daily3

VIX'weekly

Summary

*across the week, the VIX declined by a very significant -15.7%.
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So..the VIX fell to the 13s for the second time this week, but closed marginally positive. As it is, I can't quite take the Friday equity reversal seriously, unless we see sp'<1850, along with VIX 16s.
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more later...on the indexes