🖼 Daily Technical Picture 📈 ➤ The week ended positively for equities with brisk late buying on Friday trade. The exact opposite of the late strong sell-off on Wednesday just on a smaller scale. That sell-off remains the dominant feature. ➤ With the exception of Tech and perhaps day trading, it was pretty choppy everywhere else for generating returns. Somewhat...
🖼 Daily Technical Picture 📈 ➤ I'm not a day trader but it's a perfect market environment to be one. Volatility is just at the right level where prices swing/trend but are constrained in a range. Today was a perfect example. ➤ Equity prices swung up and down and finished slightly positive. Once again NASDAQ outperformed and the regional bank heavy Russell 2000...
Expecting 33-35 by mid april, alt path it gets rejected at 28 and comes back down. Black line was my prediction a couple months back (linked idea), blue lines are forecasted path and alt.
🖼 Daily Technical Picture 📈 ➤ The Market is indeed the BEST Dentist. Rarely does it allow a gap to remain. The price gap in the SPY from Tuesday trade was immediately filled. Yesterday, I contemplated about the manner in that it was to be filled. The Market decided on the second option - a spike higher before moving lower. ➤ Equity markets sold-off aggressively...
VIX showing signals of a bullish market open 1)I believe something will big will happen to the market in the upcoming days as the VIX is almost reaching a new All time Low possibly indicating a bullish shift in the market. 2) In the second chart shown, it seems like the VIX will enter a free fall. How to translate the VIX: Above 20 we are bearish and below 20...
The $VIX is trading within the symmetrical triangle, still. As mentioned many times over the last year this pattern can take many months to resolve. Long term traders have to be patient until this revolves. Short and intermediate time frame traders can use the tops and bottoms to implement buys and sells to maximize profit. It's what we've been doing. At the...
Hello traders, this is 2hour chart of SPX (S&P500). Currently looking at speculative XABCD setup, advanced entry on sell side from overhead resistance at point C, which is 4218. Points X/A/B confirmed already. Pattern overview and levels: X at 3742, A at 4173, B at 3853, point C and 4218 and point D/PRZ at 3615 (extension). Point C/D also coincide with liquidity...
🖼 Daily Technical Picture 📈 ➤ Another positive day in equity markets and I'm sensing some kind of pattern. Small cap caught up a bit with the main indices. ➤ Today (Wednesday) is the main event. It's the US Fed interest rate decision day. There's no doubt everyone has an eye or ear on the announcement. ➤ Before you ask, I have no clue on the outcome per se and...
some good days finally back usdx is down vix is down stocks look good for now just the dip now
🖼 Daily Technical Picture 📈 ➤ Positive day in equity markets and for once Nasdaq lagged in the advance against other major indices. ➤ There's lots of conjecture out there about the outperformance of the Nasdaq and for that matter Bitcoin over recent days during banking crisis. In my opinion, this was all directly related to the massive drop in yields in the Bond...
If we break through this most recent TL on $DXY, we'll have another point of retest for a bounce especially with a potential inverse H&S at play here. I fully expect $DXY to re-enter the supply zone which aligns with my view that another leg down is approaching for $SPY.
In my previous post, I outlined where $SPY rejected off the bear flag resistance. You'll see that those two times correlate with the two times $VIX tested pennant support. With the third VIX retest, we may see $SPY near my gray TL of ~$400 (see related idea linked). I'm still expecting another leg down, and will take a short position if I see optimal R:R (I'll...
I plan to WIN on this upcoming trade with optimal risk-to-reward: I pointed out yesterday that we'll see slow upward movement on $SPY. I'm still expecting another leg down, and will take a short position if I see optimal R:R (I'll update). In my subsequent post, you'll see that the two times $VIX tested pennant support, $SPY rejected off the bear flag resistance...
🖼 Daily Technical Picture 📈 ➤ Friday trade in Equities ended down. However, when viewed from the candlestick charts, you can see that the price action was fully "engulfed" by the Bullish candle/bar on Thursday. The interpretation of this action should therefore place more importance on the dominant Bullish candle. ➤ In early Monday Asian trade, things are...
In this video, I explain what to expect in the months ahead, following the Fed's pivot back to monetary easing. Also, I wanted to make several notes: When I said that it's almost never better to own derivatives than holding an asset outright, I do realize the importance that derivatives can play with leverage and risk management. When I said that fear is...
Just asking for my investing friends ;-) Cuz' this bullish fear pattern seems to indicate something more is coming. Stew
Hello traders, today let's review VIX 8hour and daily chart . Is it possible that another 150% burst is in the making now? Entirely plausible, in fact based on advanced XABCD setup the current pullback/correction might be over near 15/16.00 later in April. Based on time/price symmetry point C of the XABCD pattern structure might come in at 15/16.00 sometime in...
🖼 Daily Technical Picture 📈 ➤ Thursday trade saw the biggest one day gain of the year for equities. There cannot be any doubt of it's Bullish intent. For the past few days we saw prices being supported after bouts of selling pressure. This absorption of the selling is what has led to the huge move. ➤ I was spot on with that observation having taken a long...