EMOTION INDEX · 情绪指数

Read the mood. Keep your perspective.

A VIX-based view of market tension. A prompt to investigate, not a command to trade.

VIX16.01

Close as of 2026-08-20

Relatively calm

From previous observation: +1.12 points

Notebook interpretation only; not a trade signal.

Below 20 · relatively calm

20 to <30 · elevated

≥30 · high tension

Last 60 available closing observations (index points); dashed line marks the research threshold of 30. Bloomberg series supplied with the research workbook.

See the last five observations

Date	VIX close (points)
2026-08-20	16.01
2026-08-19	14.89
2026-08-18	15.84
2026-08-17	15.19
2026-08-14	14.25

What this index actually measures.

The VIX reflects the market’s expectation of 30-day volatility derived from S&P 500 option prices. It is often associated with fear, but it is not a direct poll of emotions and is not a 0–100 fear-and-greed score.

The labels below 20, from 20 to 30, and at least 30 are this notebook’s reading guide, not official Cboe sentiment classifications. Low volatility does not mean low risk; high volatility does not identify the exact bottom.

Cboe — VIX