Hate to say it but the VIX runs the show and I think Investors are just going to keep this on algo mode. I keep hearing bullish investors that they are waiting for another dip to buy more. I'm starting to think that recession is canceled til a real investor pulls the rug out. I don't think that's going to happen because these are really powerful companies with plenty to lose. For big investors its either the 10 year bond or SPY. Everyone is too bearish, which usually means that stocks will go up. I think only small businesses suffer after all this like always. For big businesses unemployment means "free restructure". I guess this is the truest of bull traps if it ever was one. The 2018 mini crash its how it will look like because big investors just see it as a dip especially with government backing.
You mean bear trap? If it keeps going up, bears are trapped, not bulls. It would be great if you can explain your thinking behind the VIX more. I don't why people rely so heavily on it.