All indicators are turning Bearish on Daily - MACD, RSI, Fisher Transform. Everything is overbought. Average downturn was 15 days last two times. This is part of a very large ascending wedge which pattern suggests will fail sometime 2020. Nov 18 Put at Strike Price is $250ish...but return to SPY 270 level turns $250 into $2900 :) We probably get to SPY 290 which...
As stated as an update on my previous post, we have moved toward the option of tracing highs to 3040. This is now looking like the most likely option, making one last touch before heading down at or before October 11th (projected). This is where several strong lines of support and resistance meet. This option looks likely as we could be setting up for another...
As euphoria has come back into the markets, with earnings coming in strong and the global macro environment looking a lot less hostile, US equities have made all-time highs in recent trading sessions. However, in spite of this trend, investors and traders should keep an eye on the VIX and market volatility. The VIX has reached our "Bounce Back" zone, indicated...
Posting a day late here due to a weekend road trip that went a day longer than anticipated ... . EARNINGS: X (67/65) (Thursday, After Market) FB (43/36) (Wednesday, After Market) AMD (34/56) (Tuesday, After Market) AAPL (31/28) (Wednesday, After Market) Although X has the best metrics for a volatility contraction play, the only viable setup for such a small...
As you can see in the chart, SPY has once again run into resistance at the $302 price range. The slow stochastic is overbought & seems to be turning over. There is also a bearish divergence forming between the price & RSI indicator. A 61.8% Fibonacci extension target gives us a price target that is near the current support line. It looks like a good time to take a...
Short SPX500 @ 3,025; TP @ 2,900, SL your choice. Actually LONG VIX Nov'19 contract @ 15.55; TP @ 20.55
Current vix setup is a rehash of previous times and is in line with my count on the spx that i posted a few days ago. We may be days away from another market dive or a vix spike.
CNBC’s Jim Cramer has advised that investors take precautions as the S&P 500 inches closer to record trading levels. The “Mad Money” host on Monday broke down one trusted technical analyst’s bearish prognosis of the market and, though he doesn’t agree with the conclusion, he warned that the scenario is “on the table in a lot of people’s heads.” The widely quoted...
Ghost candles and Call option expiration for VXX on a day chart for the next 4 weeks (first chart was skewed)
EARNINGS: Pictured here is a delta neutral TWTR (42/54) short strangle in the November monthly camped out at the 17 delta paying 1.08, > 1 standard deviation break evens at 32.92/55.08, and delta theta metrics of .70/5.06. Earnings are scheduled to be announced on Thursday, the 24th before market open, so look to put on something on the 23rd before the close to...
Experiment mixing Ghost candles and Call option expiration for VXX on a day chart for the next 4 weeks
This is a continuation post of PT 2. Please Start here.. The only changes from PT 2 into PT 3. is a shift of the fractals, and satisfaction of wave 5. Over the couple years, I have successfully developed a variety of theoretical frameworks and have successfully unified one old school (unfinished) principle of wave theory by conjoining them into the same...
Yes I know, you're not supposed to post TA on the VIX. But, here we are.
Should bottom today around $24.25 unless Trump tweets something in Chinese Much easier to see the trend on the 2, 3 or 4 hour charts. A lot of trading happens in the extended hours
This week, markets have completely focused on the negotiation process between the US and China. We will closely monitor as well as the dynamics of safe-haven assets, which fully correlates with a market statement regarding the outcome of the negotiations. It is already obvious that the success of negotiations would affect gold - a decline in the are of 1420 +/-...