Especially interesting about the action on Thursday was that the VIX spiked over 8% while SPY closed up solidly. It’s fairly remarkable to see such a large spike in the VIX on a day where the SPY actually rose. The study below is from the Quantifinder. It looks at non-Mondays that saw the VIX spike up > 6% despite the SPY also rising.

Looking out 3-4 days there appears to be a strong bullish inclination based on the numbers.

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