I am bearish equities because I believe this rally has topped, and this VIX chart offers great confirmation to the thesis.
This is going to be a crazy week ahead. We're in a similar situation as we were in March 6-11th. You're going to see high-velocity swings up and down the next 2 weeks until one side capitulates We've been faced with one black swan after the other. First it was Covid-19, then FED unloads the kitchen sink, now this...Just a heads up, deflation = kills Fed printing...
After the crash in March, volatility has settled down towards the bottom and is now reversing its trend. I think ~220 was the bottom, and we are set to continue higher for the coming months. Expecting a major move to the upside to happen soon as the market resumes its declines to retest the lows made a few weeks ago.
This is going to be a crazy week ahead. We're in a similar situation as we were in March 6-11th. You're going to see high-velocity swings up and down the next 2 weeks until one side capitulates
Before starting off this stock market analysis, I highly recommend listening a new podcast by Tom Canfield (@Canny4) and Joe Fahmy (@jfahmy) called The Market Rant. Very raw and informative. You'll definitely find some value in this podcast. www.youtube.com Since the last stock market analysis, I had thought markets were starting to rollover and the uptrend...
Possible Head and Shoulder Pattern forming
CBOE:VIX Why April 23rd and 24th will induce or reduce fear in the market. Checking the United States economic calendar will be clues to the direction of fear in the markets: April 23:: 1) Jobless Claims (Huge deal!) 2) Manufacturing PMI: "A higher than expected reading should be taken as positive/bullish for the USD while a lower than expected reading...
$SPY (red) vs $DXY (green) vs $GLD (gold) YTD Chart
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
It's a pretty well defined channel so is this the start of a larger, longer run? I recommending googling "trump gold fed".
Watching to see if VIX holds a double bottom. Wedges very often end on double bottoms or double tops (as per a riding wedge). Only using this as a tool to calculate general market sentiment, no positioning for me directly within volatility products currently. Thank you.
4:58 pm: Trump to roll out guidelines to open up parts of US where cases decline and testing ramps up President Donald Trump is set to unveil broad new federal guidelines that lay out conditions for parts of the U.S. to start relaxing some of the strict social distancing measures imposed to combat the spread of the coronavirus pandemic. The new guidance will...
We're seeing several signs and a very clear wave count that allow me to believe a VIX bull cycle or at least a powerful dead cat bounce to $56 or so is highly likely. Since the ending 5th wave diagonal of Wave C that left us at the golden pocket, we've already seen an open where VIX gapped up over 12% overnight and into the first hour. We could very well see a...