Despite minor weak chop across much of the day, the VIX was only briefly higher, but saw a rather typical fall into the close, settling -4.0% @ 12.08. Near term outlook is for VIX to slip back into the 11/10s, the 9s look likely if sp'2025/50 zone by early September.
VIX'daily3
VIX'weekly
Summary
There is little to add.
Across the week, the VIX gained a significant 17%, but still... VIX 12s remain a very low level.
Even the mid teens look unlikely for some weeks..perhaps... months.
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more later... on the indexes
