$VIX
Added 2023-05-02 16:50:09 +0000 UTCBig move today, breaking through the channel trend line, will watch now to see if it can hold above this trend line now.
This move went straight through the 50 Day, 200 Day, 2 resistance lines and the trend line channel....so there was a lot of strength in this and the market is having a difficult day.
The signs have been there for a break out, Interest rate decision will be out tomorrow and crisis talks are underway to delay the debt ceiling limit.
If Interest rates increase tomorrow, this will put even more pressure on regional banks, some of which have been down 20-40% today. These are not small companies.
