Market Status: VIX is spiking! Up 11% on Feb 3rd and continuing higher, jumping from 16.19 to 21.57 in just 3 days. This volatility surge signals growing fear in the market as VIX trades above its 9-day EMA (18.24) but still testing the 200-day EMA (17.53).

Technical Indicators: MACD histogram expanding bullishly (0.44), indicating strong upward momentum. RSI at 67 approaching overbought territory but not extreme yet. The VIX is consolidating after the sharp spike, with Feb 5th forming a doji-like candle (opened 21.77, closed 21.57).

Prediction: Expect continued volatility expansion. Tomorrow likely tests resistance at 23. Week should close above 21.77 open as fear persists in equity markets.