Equities advance, pushing VIX lower

Equity indexes closed higher on Friday but once again pulled back from their highs of the session.

The S&P 500 gained 8.58 points to close at 1857.62. It pushed above 1866 in the morning, but then slid lower. It continues to have resistance at 1880 and support at 1840.

The Nasdaq 100 gained 8.35 points to 3571.48. Its support is 3550 and its resistance is 3650.

The Russell 2000 rose less than 1 point to 1151.81 after testing as high as 1170. It has support at 1140 and resistance at 1180.

The CBOE Volatility Index fell 0.21 points to 14.41. The nine-day CBOE Short-Term Volatility Index (:VXST) lost 0.76 to finish at the exact same 14.41.

The VIX futures fell even more and outpaced the spot VIX to the downside, which is unusual for a Friday. April contracts dropped 0.45 to 15.6 and the May futures fell 0.4 to 16.25. The iPath S&P 500 VIX Short-Term Futures Note (:VXX) declijned 1.2 percent to $43.55.

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