VIX falls as equities close mixed
Equity indexes were mixed on Friday to finish a volatile week, while the CBOE Volatility Index dropped nearly 13 percent.
The S&P 500 gained 24 points, or 1.29 percent, to 1886.76. The SPX climbed all day and got as high as 1898.16. Resistance is at 1920 and support at 1820.
The Nasdaq 100 climbed 50.19 points, or 1.33 percent, to 3815.47. It closed in the middle of the session's range. The NDX has resistance at the 3850, near the day's high, which it hit on the day and support at 3700.
The Russell 2000 slipped 3.79 points, or 0.35 percent, to 1082.33. Unlike the its peers, the small-cap index broke above its 20-day moving average and closed above its 10-day as well. The RUT has resistance at 1120 and support at 1040.
The VIX fell 3.21 points, or 12.74 percent, to 21.99. The nine-day CBOE Short-Term Volatility Index (:VXST) lost 6.67 points, or 21.88 percent, to 23.81.
The VIX futures followed lower. The October futures were down 1.30 points to 21 even, while the November contracts lost 1.10 points to 19.95. That left the iPath S&P 500 VIX Short-Term Futures Note (VXX) lower by 4.34 percent to $38.58.
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