The VIX shot up from 20 to 30 last week, bringing out some fear and volatility with it. It’s still well below the highs seen last year around the 80 level though.
The spooz closed the week near support around 1035. Stochastics have become quickly oversold, and another snap back up could occur this week. The 50dma is near 1050 and would likely stall a rally attempt there. On the downside, 1010 should act as a major support area.
