The slope of the RSI bottoms (red lines drawn on the 5D/5minute scale) looks an awful lot like last months run of the #VIX! SPY falling??? projection is a repeat of last month, slightly scaled.
Just Sharing my view; not a trading call. GL A Closer view:
The reversal patterns seem to repeat form near each resistance. I see the support reversal completing, and the more dominant resistant reversal pattern thing over. The yellow lines show where the patterns repeat. Fractal from the early June drop.
Speculators are waiting for another shot from Fed the drug den
SKEW above 130, currently at 144 indicating that big money is heavily hedged to the downside. 10 day MA PC Ratio is well below .75 which tells me that a majority of investors are long. Spy looks like its touches the backend of the top yellow line while also tightening up its giant ascending triangle. VIX is about to hit bottom of bollinger bands that have almost...
I see some strong correlations to the run of fear from early June. This is how that run up would look if it repeats itself; Stretched a bit to better lineup with the bottom pattern of the last few days. I would say I am long on the volatility index.... even though nothing in at the news strikes me as scary anymore. Anyone else feel like the news cycles are...
Looking for the battle to cascade off the yellow lines down to the 3144 area. this battled is predicated by a similar reversal at the long range support a week ago. the bulls will then run up the lower support line (white) to battle it out with the longer range resistance (blue). Who will win this critical convergence? I see two blue resistance vectors close...
Vix Long Entry: 14:35:31 (UTC) Wed Jul 8, 2020
Vix Daily Range for: 13:28:56 (UTC) Mon Jul 6, 2020
I understand the whole "pump-trump" meme and that stinks only go up and such but that was funny months ago, now it's kinda old. That being said, there are some pretty good technicals to take int oconcidration regardless of what side your'e on. This is compelling for bulls, but SHOULD these prices break--with so many confluences in the bulls favor-- expect bears to...
I like to overlay charts like this on the weekend. It's my form of mediation.
VIX : Follow the downtrend, be careful the correction is not over. Feel free to like❤, comment📝, share👫 and follow me for other analyzes🌍🐱🏍
VIX Daily Range for Jul 2nd _________________________________________________________________________________________________________________________________________ 13:16:20 (UTC) Thu Jul 2, 2020