vol skew measures otm premium demand vs atm demand. the scale goes from 100-150. today we saw history as it cracked outside that range due to a major offloading of hedge activity. just saying ive never seen anything like this. i wonder how many funds are short and how desperate they are to duck and cover?
UVXY has seen a big spike today of over 30%. With a lot going on in the market which we all know should be fundamentally lower, its time to see a correction. UVXY has trended downwards in a falling wedge, normally breakout pattern is upwards, and fast. UVXY has the following bullish indicators: 1) Golden Cross: The MA50 (50 day moving average - blue line)...
UVXY has a microphone formation (higher highs, lower lows), signifying a potential breakout soon. In my opinion, not if, but when $VIX closes above 25 and doesn't reject it instantly, letting it settle above for more than a day, we're going to see VIX rise exponentially fast. We got a taste of it Monday morning. I think VIX will hit 50 very soon given all the...
If you look at the chart i posted earlier. Well here's your breakout :( I took a lotto 6/18 50c @ 1.00 and sold for @ 3.50 just now. Lets see where the market goes from here. Be patient and ride the trend!
Global Futures are notably in the red on Wednesday ahead of the Fed's January FOMC rate decision. The US majors are trading down around 1%, with the Russell taking a beating, and down over 2%. European and Asian markets are leading the way lower, with the Dax down as much as 2.25%, and the Hang Seng down around 1.5%. Vix is being heavily bid as one might expect,...
That minor dotted line support I added months ago held up far better than I ever anticipated, what a ride up that channel! Approaching do or die, breaking the peak downtrend could trigger a large spike. May start acting like a support soon which could be interesting. Look for Price Action to break the massive orange wedge early to mid feb too ;).
After a choppy day yesterday, which looked nothing like efficient price action to me, US Futures melted up from around 1AM. We saw some weakness earlier on in the session, but the losses were quickly reversed, just as they were in the cash market. We're currently trading near all-time high's once agian, as a busy earnings week continues with Microsoft and AMD...
Not many will see it coming, but if you do come join me in this journey.
Hello analysts and traders. Price touched the trendline on the 4hour chart. SPX500 needed to created a descending channel after the high to engineer some liquidity for continuation of long positions from the all time high . Where did price fall to? Key trendline creating a lower high. Why is this important? Look left - the white candle shows an imbalance on...
Global futures traded mixed on Monday morning to kick-off a busy earnings week, with over 100 companies in the S&P, and 13 in the DOW releasing earnings. We'll see the latest figures from Tesla, Apple, Microsoft, Caterpillar, and 3M to name a few. According to John Butters at FactSet, "In aggregate, companies are reporting earnings that are 22.4% above estimates,...
HI, I am posting this because all of the small time frame work sometimes just looks beautiful on the larger time frame. In this mess of support and resistance vectors, I see one glaring clue... The movement is super compressed into the middle of this burst. . . I am on the look out for it to break out of that compression., which would inherently increase the...
$PLTR is on the verge of a breakout with a major catalyst underway. As long as $VIX & $SPY play nice, $PLTR is set up to rip. $PLTR Demo day www.youtube.com
Getting to the end of the potentially volatile structure, lets see how it shakes out!
Happy Friday, everyone! Global futures are taking a beating on Friday, as lockdowns in Hong Kong, Germany, UK, and across the euro area, tightened further. Traders have been on an absolutely ridiculous risk binge since November (really since March 2020), running straight towards a cliff, and are waking up today to realize they may be on the wrong side of risk. The...
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