VIX could bounce back if it holds above 16.07 estimates and confirm the bottom of the channel estimate indicated on the chart below. A falling wedge pattern is another strong sign that the index could make a turn if it holds above 16.07 it fails; the index could fall to around 15.10
We could see a huge fall here as the wedge is ending very soon, possibly next week. I would like to see the comments below on your thoughts of this. The reason I drew the line to last months top is because a true top, holds down for a few weeks like last month. the top we just made this week I believe is a false top.
20.10 will be the KEY Level for the M2 CT. December holds the Keys to today as NOV is sold... Unless it is held onto... We shall see. _______________________________________________________ A bid for Protection would affect both M1 / M2 until Settle. _______________________________________________________ Friday - have not had a deeply Red Friday in quite a while.
We will see increased SELLING in M!/V!. VXX Exit planned for Today's High. Operators are in a Difficult Place as the Unwind is gaining complexity. VX Complex best DEC - JAN for Our Positions
Today. Simple. Direct. ___________________________________ Plan for wild Algo Driven Intra-Day whipsaws, buzzsaws and more fun with Jerry. ___________________________________ All but assured.
The VX Complex is once again being given the runaround. IV drove Options prices significantly higher for a short duration. The Operators are reeling it back in for Fills. Inst's continue moving to Firms with perceived Pricing Power - Nessicities aka "the Things we Need" - A 7.26% Rise in 10 Yr Yields is beginning to create further disarray. This is going to...
On October 25th we point out that there is a divergence on 4h,3h,1h & 30Min charts. The only one lagging behind is the daily divergence. Well it's kind of peaking it's head right now we need it to be as fast, steep and big as possible to play out. Since Covid's low we only had one other time on 8.10.2020 just 22 Days before a 10% pullback.
On the monthly and daily chart, I see VIX making a bullish comeback which suggest we are about to see crazy volatility in the stock market. Combine that with the recent insider selling from Jeff Bezos of around $2 billion worth of amazon shares and Kimbal Musk (Elon Musk's brother) selling around $100 million worth of tesla shares on Nov 5th and then Elon Musk...
Quick VIX analysis: 1/1st Channel's break out 2/Broke out of the Orange TL, July -Sept 3/Golden Crosses on 1h & 30 Min charts are "Active" 4/ RSI's divergence "Active" 5/ Need higher high @ 18.06 for Up trend
As Stocks & Crypto push higher, even yields ticking up with a hint of a Gold rally. It is my opinion that stocks simply can't be this inflated for long. Yes we need to wait for the Fed to reduce QE pace. However, one needs to get Volatility while it's cheap. Looking for a short term bounce in the #VIX to $24 with this beautiful double bottom / W pattern.
S&P 500 ideally needs a pull back from here to go higher for the following reasons; a) We have reached the long-term upper trendline and this will offer very strong resistance. b) RSI is very overbought. Clearly we are over-extended here and well above the 21 day EMA. c) Momentum has been slowing. This is clear from just looking at the candlestick patterns. See...
Cattle Pens at th4 StockYards are FULL of BULLs. The Dippers are perplexed, what with all the Tweets from the FED on deck today. Jerry and the Kids continue to CowBell their way to another Prop. Of the 5 FOMC Members Bullhorning Today, the GOOD Fed / BAD Fed undertow is in Trade. _________________________________________ Step 1: Divorce Labor from...
Approaching that time where the Breathing Tube will be removed and Life Support is no longer required. As Roll/Settle approaches again... Further Bids into Protection will begin to accelerate. CASH / SPOT VX... Price Objective - 20 Tearing up Vixers - www.youtube.com
1/1st Channel's break out . 2/Still below a broken TL of July -Sept !!! 3/Golden Crosses on 1h & 30 Min chart are kinda forming, nothing established here. 4/ Divergence is well established !!!
uvxy breaks out finally. Patience is a virtue. UVXY will not be in an uptrend till we hit the top band for a healthy regular cylcle
The Macro Data Calendar for Today: Non-Farm Payrolls Average Hourly Earnings Unemployment Rate Coupons - $8.425 Billion 2s to 4s. ______________________________________________________ ZN continues to Trade the Lower End of the Range. The BOE Stick saved the US Treasury Market, although FED FUNDS... Disagree - www.cmegroup.com Oops... Again -...
1 H. D.Cross : Since Covid's low 13 done & 7 not yet 30M D.Cross: since January 2021 13 done 5 not yet ---------- - 1H chart 68% we are done off volatility only tailwinds - 30Min Chart 68% we are done off volatility only tailwinds In a nutshell: There is a 68% chance we are done of volatility !!!