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@augustus
Emperor of Rome FOUNDER
@augustus
FOUNDER
SPY
A normal volatility regime means spot up vol down or spot down and vol up. There is an inverse relationship between the S&P 500 Index Price and the the VIX, the measure of volatility in the S&P 500 Index.

Recently we had instances of spot up vol up, highlighted in white, and spot down vol down, highlighted in pink. Orange is SPX and white is VIX futures.

Historically these instances precede a pullback.
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May 22, 2026 · 01:28 AM · 87 views
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@pretoninho
Pretoninus II Mod Trader FOUNDER
@pretoninho Solaris Traders · May 22, 2026 · 04:13 AM
Trader FOUNDER
SPY
The breakdown of inverse spot-vol is one of the cleaner stress signals.

"Spot up vol up" = rally not trusted — smart money still buying puts into the move. Short covering, not conviction.

"Spot down vol down" = the more dangerous one. No protection being bought on the way down means the real capitulation hasn't happened yet.

Same dynamic shows up on BTC DVOL. When the normal regime breaks, the next move tends to be violent. That white zone is worth watching.
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@printmoney
PrintMoney Mod Trader FOUNDER
@printmoney Solaris Traders · May 22, 2026 · 01:15 PM
Trader FOUNDER
SPY
inverse index, I like the KPI shadows on the lines with profit percentage in pink and blue. Good chart!
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