VIX down slightly as equities bounce

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Major equity indexes rebounded slightly on Friday after breaking a multi-day winning streak in the previous session, while the CBOE Volatility Index lost some ground.

The S&P 500 gained 4.57 points to close at 1687.99. It saw some morning volatility before settling into a relatively tight range. Resistance is at 1710 and support at 1628.

The Nasdaq 100 was up 2.71 points to 3178.27. It has some resistance at the high from the start of the week at 3189 and support at 3100.

The Russell 2000 roes 5.50 points to finish the week at 1053.98. It too is near its highs, with the high of 1063 as resistance and support at 1010.

The VIX was down 0.13 points to 14.16. It had been holding gains into the final minutes of the session, which was surprising given the market action and the fact that it was facing the effect of weekend time decay of the SPX options.

The September and October VIX futures were unchanged at 14.80 and 15.80 respectively. The September futures only have two days left of trading. Despite the action, the iPath S&P 500 VIX Short-Term Futures Note (:VXX) was down 1.5 percent to $14.48.

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