i am not pro here so i cant post a one min chart of VIX
For 15 Dec - Monday only-take a look
From the opening bell the market started falling and by 11 AM C.S.T. the S&P had sliced through all the key support levels that it had closed at Friday afternoon. The market was moments from a freefall when the Fed turned on what is obviously a brand new algorithm buying program that made the intraday VIX (volatility index) meter shake in four-point spikes every few minutes the rest of the day. Big sell orders continued coming through causing the VIX to spike repeatedly but the Fed's program bought the sell orders relentlessly pulling the VIX back down as fast as it went up
I am wondering who beside Fed has the GUT to buy, and if they are able to buy, it means more upside coming right?