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We are nearing Extreme Greed... yet $VIX is up

R
Apr 21, 2026 · 14:56

It's crazy how different the market is today, compared to the last time the Fear & Greed was this high \~71 to be exact.. with 75 marking extreme greed.

Cboe's volatility index, [$VIX](https://x.com/search?q=%24VIX&src=cashtag_click) is currently up 27% YTD, sitting at $19 per share.

The last time the F&G index was this high was late July of last year.. when $QQQ was on an insane AI run

However, in July of last year, [$VIX](https://x.com/search?q=%24VIX&src=cashtag_click) was trading at $15 per share.. down 67% from April '25 highs

At $15 per share, $VIX was trading \~21% lower than it is today...

Showing objective tension between institutions that are hungry to buy in... and volatility caused by short sellers and bears.

Where do you think the market goes from here? And do you think there is a way to trade around this volatility?