VIX has been killing the markets for the first half of the year. If you don't know the VIX then when the VIX goes up then the market, or SPY, generally goes down. When fears of a recession are iminent the VIX will be at a historically high price point. When recession fears are receding then the VIX will be at a lower level or falling in price basically.
SpyderCall OP : I just noticed the big typo in the picture of the chart
SpyderCall OP : "RESISTACE." what the heck does that mean?![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Red__Bull SpyderCall OP : COVFEFE
1994CM : Not sure when the current Bear Market will last?
1994CM : Not sure when the current Bear Market will end?
SpyderCall OP 1994CM : im not sure at all. It looks like the market is trying to form a temporary bottom for now. but market conditions are not good for stocks due to the bad macro economic environment. A lot of downside has already been priced in so maybe the market is waiting for more bad news before taking another leg down