The way that the Gaussian Channels stack on top of each other with such close price proximity says:
1- Higher we go, more likely we are to go down. Channels get closer as we go up, but CANNOT overlap like EMA/SMA's.
2 - Channel midlines so close together, a price drop of $10 or $20 in SPY and all them turn red instantly. Once these short time-frame midlines go, the Daily is setup to fail.
Also, Gaussian Channel widens right before switch to bearish/bullish. Channel is currently widening on the 30Min, so we should get a bearish downturn soon.
No telling how far, but things are setup to go down - NOT up.
CNBC analyst this morning basically said few weeks back all Options bought were bearish, which caused the bullish options to become cheap. When this happens and you have several Billion, you can get them cheap and overtake the general direction of the market.
Banks and institutions buying call options are the only reason SPY / SPX is staying up.
Leverage - plain and simple. It cannot be sustained for much longer artificially without fundamentals or earnings.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.
1- Higher we go, more likely we are to go down. Channels get closer as we go up, but CANNOT overlap like EMA/SMA's.
2 - Channel midlines so close together, a price drop of $10 or $20 in SPY and all them turn red instantly. Once these short time-frame midlines go, the Daily is setup to fail.
Also, Gaussian Channel widens right before switch to bearish/bullish. Channel is currently widening on the 30Min, so we should get a bearish downturn soon.
No telling how far, but things are setup to go down - NOT up.
CNBC analyst this morning basically said few weeks back all Options bought were bearish, which caused the bullish options to become cheap. When this happens and you have several Billion, you can get them cheap and overtake the general direction of the market.
Banks and institutions buying call options are the only reason SPY / SPX is staying up.
Leverage - plain and simple. It cannot be sustained for much longer artificially without fundamentals or earnings.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.