Traders, In this weekly update, I cover the DXY, VIX, US500, US10Y, US02Y, inverted yield and its significance, Eurodollar, Credit Suisse, unemployment, and the Bitcoin. I'll cover a few anomalies that I am seeing in our current market and explain what they might indicate for future price action. Finally, we will cover that Bitcoin Cup and Handle pattern that I...
Reversal in Play with Bouhmidi-Bands - Do we see a weekly close above 15.500? - Would be the first time this year
we are breaking out in spx daily, but are we at swing low in vix? contango is uvxy is matching what it nears as we head for high $4 range where it normally reverse splits 1:10. conveniently that puts us in the expected date range of early february. this VWAP strategy says we may be in for another long entry UVXY as we top out in es1! potentially around ftz 8, and...
🖼 Daily Technical Picture 📈 ➤ A massive reversal of fortunes as the dip buyers show their hand. Is it the end of the short-term downtrend from the 2nd Feb high? ➤ The honest answer to that is I have no idea and no one else does either. We can only assign probabilities as to what may happen next. That after all is what Trading and Investing is all about. Making a...
After months of consolidation the move higher looks to be starting 👀 As a reminder, this broke out of a 40+ year down trend. Higher rates may be here for longer than you think ... $TLT $ZN_F $ZB_F $TYX $DXY $ES_F $SPY $VIX $QQQ #Tech #Bonds #Rates #Trading 📈
We have a great set up here on VIX to breakout once again as SPY has filled the gap from today. Looking forward to a break above resistance and the official start of the bear break through of SPY.
SPX confirmed monthly bearish divergence for February. The last monthly divergence we had was in October and it was a bullish divergence that gave us a 588.5 point run up. VIX also confirmed the monthly bullish divergence for February. The green is the bullish and red dot is the bearish. Best of luck don’t throw darts just play the chart.
🖼 Daily Technical Picture 📈 ➤ Another down day to start off March. You can see that prices have trickled down slowly drip by drip since the Feb 2 high. It feels like a death by a thousand cuts. Not enjoyable for the Bulls nor satisfying for the bloodthirsty Bears. ➤ It's certainly different to the drops in the past year where they have been fast and furious....
The chart posted is now retested the breakout trendline as well as the bb bands and 200 day moving avg into cycle low . the only thing we did not see a jump in VIX but a break down showing me that we are moving into a last level of support before the next bear market phase the panic is not until june to oct .am net long 95 % qqq 289/291 filled...
US equities seem not to continue the rally after inflation pressures on FED. Double top pattern on US BONDS and DXY rejects 105.5 US 2Y BONDS yield: DXY declines but remains strong on possible 50bps rate hike: Follow for more updates on this!
🖼 Daily Technical Picture 📈 ➤ February is done and dusted. Tuesday trade ended down after a late sell-off. The second consecutive down day. Although prices have moved laterally for past few days, the behaviour shows Bears taking control. Previously, we saw buying support to close out the day, this has now reversed. ➤ I think price is poised to stride lower very...
🖼 Daily Technical Picture 📈 ➤ As per recent weeks equity prices opened with optimism and finished with a whimper. Today was no exception. Price filled the large gap left open on Friday trade but made no further headway. ➤ S&P500 equity index is still dancing around the 400 level and the 200-day moving average. I expect this to continue but only for a few days....
🚨#yields look to be topping🚨 Things are FALLING into place! Been posting on $DJI & $BTC RANGES Risk reward was great late last week & on this dip (focusing on DOW JONES ATM) $VIX staying 18-23 is ok Adding more $ on dips #stocks #crypto
Monday 2/27/2023 - In this Video I discuss The technical analysis of the SPY ETF which is a proxy the S&P500 that is often a tell on general market movements. I also discuss broader market Macros I have been watching including last week's and next weeks economic events. We also discuss some recession indicators, and other charts that show headwinds and tailwinds...
$SPX SP500 turned lower back to 4k and there is room for 3800 as volatility & fear turn up, possibly to the side of 2022 range on $VIX. For now, still 2 counts on the watch list, but the bulls can be back early if 3800 causes intraday impulsive bounce. Bearish if 3800 is broken decisively.
🖼 Daily Technical Picture 📈 ➤ A negative day to finish off a negative (shortened) week for equity prices. S&P500 was down around -2.7% from previous Friday close. ➤ Yet again we saw Friday trade finish higher than it started (green arrows in chart). This makes it 9 consecutive Fridays. Probably the only consistent observation that I can make since the start of...
Traders, At times, during the last week, it looked as if our Cup and Handle pattern was going to be legitimized. However, caution was admonished. We had not yet seen 3 candle closes above our neckline on the daily which would have allowed for the safest entry. Though, we played around above the neckline for over a week, the break was never confirmed with 3 solid...
DESCRIPTION: In the chart above I have provided a SEMI-MACRO analysis of VIX a volatility index on the 4 hour timeframe. This is a brief update on VIX as we have had some interesting momentum taking place. POINTS: 1. Deviation of 7 points continues to stand and justifies Supply & Demand Pocket Placement. 2. RSI is currently OVEREXTENDED but PRICE ACTION...