Market about to enter a new Bull Cycle. See my chart. We are bouncing off the wave that I have displayed. I circled all market bottoms in the past years since 2010.
Traders, We have multiple mixed indications in our broader markets. Many are showing us that a pullback in the stock markets is due. But Bitcoin remains strong. In this video, I'll show you why. 00:00 - Dollar, VIX, Spy 09:42 - Bitcoin Analysis
CBOE:VIX had a $3 bounce from 13.60 call we made. #Stocks did move a tad higher from that call but are now at the levels when the call was made SP:SPX held red 10 day EMA (exponential Moving Average). Sell volume has been coming in @ the higher levels. Hmmm. NASDAQ:NDX #SPX $ TVC:DJI are all showing negative divergence. This is interesting. Is the...
See the illustration traced from the 2008 volatility spike leading into the GFC. As it can be seen visually, the similarities are present. The news cycle appears to be dominated by a similar set of events, including the collapse of the 2020's version of Bernie Madoff, SBF. I doubt the volatility will play out in a continuous fashion, as the Fed as new tools to...
UVXY trades inverse to the general market direction in a leveraged manner. An example of this is shown on the current chart 15 minutes time frame of the price action this week. I have added two indicators the buy low sell high composite and price volume trend to support entries and exits which are typically done on lower time frame charts. On the chart, if a...
I'm back with yet another of my VIX bowl action posts. There's so much going on around the globe that could trigger a spike. Markets are seeing negative RSI divergence across many indices on monthly, weekly and daily charts. This time we could go even higher and reach the resistance above. But I'm being conservative in my target and aiming at the diagonal trend...
Considering the VIX index, it can be expected that the market will be more risk-averse from the buyers' side. However, historically, when the index reaches a certain range, suddenly everyone becomes risk-averse.
In early June 2023, we noted that VIX reached levels that preceded the 2022 market meltdown. After that, the index continued lower and advanced toward levels unseen since January 2020 (levels that preceded the 2020 market crash). The current low value of VIX reflects extremely high complacency in the market and the growing dismissal of any economic downturn on the...
Good Morning SMALL THREAD While we did call the NASDAQ:NDX weakness & top, at that time we didn't think it would be as bad as it got, at least I didn't. Last year we really thought TVC:VIX would break out & the markets would collapse. Our original expectations didn't pan out but we, mostly I, changed as more data came in. We called a bunch of bounces &...
VIX has been trading high, it's doing the same pattern since the 90s. I expect market will fuel and finally bounce on VIX following this trend.
Now a lot of people are posting long ideas that it will blow up. I am framing this idea as neutral. Since we have a contradiction. Consider. 1. The Heikin Ashi weekly candle is consolidating by breaking through a bullish wedge. Yes, it is definitely a very reversal pattern. 2. Two small Kumo clouds (both red and green) are floating over candles. Their size tells...
The VIX indication of fear in the markets has been on a strong downtrend into upward support which has been respected for quite some time. Long VIX, Short Equities.
AMEX:ARKK moved nearly 8% higher since I shifted my focus towards small-cap potential in my initial post. Price is currently testing supply and approaching my target of $45. In anticipation of a potential market pullback next week, I may consider trimming my position. However, I'll continue to monitor the market closely and keep an eye on the gap fill above $46.41.
NASDAQ:PYPL displaying relative strength with price advancing 6% since my previous analysis (considering the stock's historically low valuations and the expected clarity on their leadership outlook later this year). It remains one of my favorable long-term trades despite debatable growth outlook. With selling pressure gradually diminishing and I expect a gap fill...
AMEX:SPY continues its strong stock rally following the #FOMC announcement, squeezing shorts and maintaining a daily relative strength (RS) of 77 as bond yields fall. Momentum remains robust, but technicals are starting to suggest a pullback is overdue. Pre-market conditions appear relatively flat, so we'll have to wait and see. I expect a meaningful decline...
Traders, I am not worried yet. In fact, if anything, I have become more bullish. But there are some key items we have to watch on these charts tomorrow, through the weekend, and into next. I'm going to show you what they are. Stew ----- Content ----- 00:10 - Intro 01:15 - Bitcoin Chart 03:00 - The Dollar 04:27 - The VIX 04:40 - US500 08:15 - Bitcoin 10:50 -...
The UVXY is currently trading at the 89 Day EMA among other Moving Averages that it's often reversed from; if it reverses from here again and hits the bottom of the Potential Parallel Channel that will confirm the Validity of the Parallel Channel. If it breaks down from this Parallel Channel that will be a Bearflag breakdown that could take it down anywhere...
FX:VOLX is still trading in the middle of the downtrend channel from its peak the week before Memorial Day. Watch for a breakout, but it hasn't happened as of this writing.