VIX slips as equities close mixed
Equity indexes were mixed on Friday, while the CBOE Volatility Index slipped again.
The S&P 500 gained 5.10 points to 1761.64. The SPX climbed off its midday lows to get back into positive territory. It has support at 1730.
The Nasdaq 100 was up 2.03 points to 3379.76. It traded higher in the morning, then lost ground in the middle of the day. It has support at 3300.
The Russell 2000 lost 4.49 points to 1095.67. It was negative all day, dipping as low as its first support level at 1087. It has further support at 1043.
(When equity indexes are at highs, further resistance levels are obviously projections not based on previous trading patterns. We therefore will refrain from listing any.)
The VIX dropped 0.47 points, or 3.42 percent, to 13.28. The volaility index had risen near 14 during the midday selloff.
The VIX futures followed. The November futures finished the week at 14.35 and December contracts at 15.55. That had the iPath S&P 500 VIX Short-Term Futures Note (:VXX) down 0.74 percent to $12.83.
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