India VIX, a measure of market volatility, surged nearly 9% today. Concurrently, the VIX index in the U.S. hit 23, indicating increased market uncertainty. Despite the volatility, the S&P 500 index (SPX) remains just 1.3% off its all-time highs. Traders are noting significant movements in the SPX, with some highlighting that had a trader held onto their SPX position from a few months ago, it would now be worth $3 million. Additionally, SPX fixed strike volatility continues to rise, reflecting ongoing market turbulence. Notably, $SPY 565p is paying, and traders are advised to follow 8/21 day rules and observe solid fades under $MTF Clouds.