The CBOE Volatility Index ($VIX), a key gauge of market volatility, experienced notable fluctuations over recent days. On May 26, the VIX reached a high of 20.76 before retreating to around 19.99, with resistance levels identified near 21.00 and daily resistance between 20.85 and 20.90. By May 27, the index surged from 17 to over 25, peaking near 25.50, before declining back below 20 to the 19s. This movement suggests potential volatility in the S&P 500, with some analysts anticipating a possible 200-300 point rally. Concurrently, the India VIX, another measure of market fear, rose 4.3 percent to 18.02, crossing key moving averages and indicating increased volatility in Indian markets. Later on May 27, volatility decreased sharply as the VIX dropped nearly 15 percent, falling back below 20 and marking its lowest one-day level since March 24. The decline in volatility was attributed to the unwinding of premium in VIX futures amid easing tariff-related concerns ahead of a long weekend.