FB is channeling up nicely and showing potential upside to 360 where the upper band of the channel is sitting as of today, which would imply a new ATH, of course. We have downside to around 300 where we should see notable support. If we lose 300, we still have channel support currently sitting around 285. This is a pretty persistent trend, so I don't expect much...
AMZN is approaching the upper band of it's 11 month range. I don't expect a breakout to new ATH's, but certainly we may see a retest of the ATH around 3,550 as early as this week (unless the Fed disappoints markets this afternoon by hiking the IOER or RRP/even mentioning tapering bond purchases), followed by a potential retest of the lower band around 2,950.
AAPL is in the process of breaking through it's MA resistances after seeing support at the lower band of the wedge. We have potential upside to around 138 at the upper band, and trendline support just below the MA's around 126. The RSI is sitting around 60 at the moment, so we still have room to run on the daily time frame implying a higher probability of further...
Should we get positive news , elections , China , Virus , etc and mkt keeps rising over the next week or two . I expect 4000 PT on SPX by New Years. This my outlook / blueprint of how i see it play out. Check my previous Bear scenario for if we break down.
VIX collapsed through the support. Headed towards the key lower weekly support.
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We're looking at SPY on the hourly time frame, and we appear to be in an island top reversal. Let's see how the close shapes up and if the bears have been saving all the fire power for today...
We're at a major resistence level here on the S&P when M2 is taken in to consideration, going back to 2002. We're looking at S&P Futures divided by M2, and as you can see, this looks like the end of the road, folks. One thing is certain, whatever happens next for markets is going to be epic...
Idea for Black Swan: - G7 will discuss recurring lockdowns for COVID and for the climate this weekend, or in the near future. - VIX, DXY, bonds, indices signal a catalyst incoming. www.wbcsd.org GLHF - DPT
Happy Friday folks! Let's get right into it today. US Futures traded relatively flat in the overnight session with the Dow down -0.12% to 34,420, the S&P down -0.11% to 4,233, the Russell up 0.29% to 2,315, and the Nasdaq up 0.07% to 13,969 as of 8:30AM. Yesterday's PA came as a bit of a surprise to trading desks across the Capital Markets, as the typical...
Betting on a spike in the vix tomorrow after the CPI number comes in hot. Too many signs of inflation to ignore, there's no way the CPI comes in softly. I think the markets will have a slight reaction which should spike the "fear index" for a brief period of time, long enough to sell the calls in-the-money Strategy to profit from this possibility: VXX...
Trade for SVXY: - Price has been rejected from the rising upper channel's median line. Shorting the re-test and 2nd rejection. - Price is at the short entry-zone (sliding parallel) of the downward channel, and must return to the median line. - Corrective structure (Measured Move Down) suggests price will reach bottom of downward channel. GLHF - DPT
Idea for VIX: - Falling wedge breakout target: 36 GLHF - DPT
Divergence in weekly chart of NIFTY and INDIAVIX. More explanation on the chart.
Fibonacci timing seems to fit well within the recent VIX action and showing a stock market crash may be coming around July. I'll be looking at UVXY calls as VIX trades down into 14.00-15.40 or July whichever comes first.
Hi folks! I think we are in a macroeconomic state that suggest extreme caution with ones investments, so I would personally rather stack up on something like VIX futures than anything else these days - se the linked post on my macro take). Note that the big stock indexes (Sp500, Nasdaq, Dow, Nikkei, DAX etc.) also have horrible technicals right now. However,...
M1 : In an ongoing downtrend channel W1 : Same than M1, below the cluster of MBB, TS and KS and last but not least below the clouds D1 : Also below the clouds and the cluster; potential double & triple bottom in progress below the 16.00 area H4 : For the time being, each attempt to recover above the ongoing downtrend line resistance failed. In order to...