
The S&P 500 E-mini futures (#ES_F) experienced significant volatility over two days, with traders capitalizing on rapid market movements. On April 9, the market saw a notable rally, with the futures climbing from a key support level at 4945 to reach targets at 4979, 5010, 5025, and 5075 through Failed Breakdowns and reclaims, eventually hitting a high of 5458, marking a 500-point increase from the initial entry point. The 5515 target was also achieved as the market continued its upward trajectory. The following day, April 10, saw continued volatility with the market retracing from the highs. The futures tested support levels at 5377 and 5340, before dropping to 5214 and further to 5187 and 5155. A subsequent rally saw the futures recover over 100 points from the 5155 support level, reaching targets at 5275-85, 5314, 5340, and 5485. The market continued to respect levels, with 5234 en route to 5214, and 5130 below 5155. The 5377 level was defended above 5340, and 5428 was eyed if the futures wanted more. Concurrently, the CBOE Volatility Index (VIX) exhibited extreme fluctuations. On April 9, the VIX plummeted by 36%, marking the largest single-day drop in its history, closing at 33.6. However, on April 10, the VIX rebounded sharply, rising by 44% to reach 53.67, indicating a significant increase in market fear and uncertainty. The VIX hit a weekly value area at 5420 before the rebound.



















Another white men dunking on white men dunking on Chamois tonight The $VIX is at 99 in bad takes right now
I think the most important thing short term is to not break the low close from Tuesday of 4982. Even with the drop tonight we are still firmly above them. That’s what I’m watching now. https://t.co/jml4tUxsQw
25bps up in a day when equities were down big. I've never seen such moves. https://t.co/OB6YOxCqpo