The stock market has experienced notable fluctuations over the past week, with the S&P 500 Index ($SPX) showing signs of volatility. Traders have been closely monitoring the $SPX, which faced a downtrend, dipping to a support level of 5226 before making attempts to reclaim its trend. Despite these efforts, the $SPX reached new lows, with a significant drop to 5150, and further predictions suggesting a potential fall to 4818-4800 in the coming weeks or months. Concurrently, the Volatility Index ($VIX) has seen an uptick, breaking past 14 and continuing to rise, reaching 16.59, indicating increased market uncertainty. This heightened volatility has led to a bullish bias in the market, as traders navigate through the tight daily ranges and anticipate significant moves.