We can see how volatile it has been over the last 3 weeks by looking at how the $VIX has behaved since the start of August.
It slightly broke out of this trend that it has been in since Nov '22, the last time it broke out was in March during the very short lived banking financial crisis of '23 and quickly resumed back down the channel again.
The trend breakout line is $17.90 and the $VIX is at $17.77.....so this optimistic green day is just keeping this within the channel for now.
Possibly a relief bounce is coming......but again, $NVDA is the one variable we need to consider.