🖼 Daily Technical Picture 📈 ➤ Equities were all over the place on Thursday trade. Starting higher, dipping lower before moving back up to where it all pretty much started. That is "The 400". ➤ 400 is the key round number level of the S&P500 Index (SPY) or 4,000 for the SPX500. Price tends to get drawn to and then gyrate around these round numbers like a moth to...
SORRY, busy day yesterday Was on radio show & generally copy paste to here and other sources but was too swamped. SORRY Pls see profile for more DATA - YESTERDAY @ 11:56AM Intraday $btc @ short term support Oversold on 1hr 4hr #BTC not oversold yet #Bitcoin may bounce here but fall may not be done yet #Crypto - Yesterday 11:15AM $VIX MAY have issues here We...
Looking at the VIX Gaps for the past while, a pattern is emerging. Lets see if it follows through with a rise in SPX/SPY.
🖼 Daily Technical Picture 📈 ➤ Equities finished slightly down although tech and small cap outperformed. Price recovered from the day's low towards the end of the trading session but was not able to hold on to earlier gains. ➤ Overall, there's little to say about today's price action. S&P500 once again finished below the 400 level. Usually around these "round"...
A lot of traders I talk to are afraid of trading volatility products. When I watch trading shows even the professionals are afraid of trading the VIX because they don't understand it. I find that funny because as someone who has experience trading all asset classes and analyzing a dozen casino games I find the VIX to be the most mean-reverting asset. The more an...
i think this regression strategy is showing the price of short cboe vix is crashing back into the channel, and fractal chaos is confirming the health of a downtrend, meaning coming up on the speech with which the uptrend es1! is predicted to stop through to the end of march and causing additional shorts on equities in the underlying index, and further bearish...
🖼 Daily Technical Picture 📈 ➤ It was a strong red day across the board with small-cap and tech suffering the most. Interestingly the DOW 30 lost more than the S&P500. That is unusual. Our hanging wo(man) failed to hold on to support on two accounts. Firstly the short-term low at 405 and also the 200-day Moving Average. ➤ Today's losses wiped out all of the...
3 days holidays weekend have a tendency to be reversal points, trader known tendency. sure seems like it for this 3 day presidents weekend. Junk bonds week, energy range bound in channels sideways, treasury yields rising, and retail news from home depot and walmart comes in weak. Oh and vix is threatening to go higher. Stocks arent cheap yet. 20 toe 30 Price...
Hello traders! As presented in previous posts, we believe that price has showed to be in a primary wave (B) to the upside to correct all the downtrend from January 2022 high. Price is likely to ungoing the last leg up of this upside correction. Low volumes and over entusiasm about the soft landing narrative suggest us that this rally can go up to 4300+ before...
Traders, Keep a close eye on this breakout on our fear index. So far, nothing significant has followed to the same level of price movement: the dollar is still under its macro-uptrend resistance, the US500 is still using its macro-uptrend for support logarithmically, and the US10yr/US2yr remains under resistance. But we want to track this closely to find out...
DAX - Volatility is picking up - Already one reversal at lower #BouhmidiBands today - Stay tuned for the next one.
Traders, There are two cautionary indicators that I want you to be aware of and to watch closely this week. One of them has to do with U.S. treasuries which lead our dollar strength/weakness. The other has to do with the 200 week moving average on the Bitcoin chart. Let's dive in and take a look at these two very important lead indicators. Stew
Monday 2/20/2023 - 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...
🖼 Daily Technical Picture 📈 ➤ Equity prices finished Friday trade in an unconvincing manner. It looks like a wo(man) struggling to hang on from height (as illustrated). Obviously I'm a bit biased given my short positioning. Price did hold above the recent low at 405 so there is an opportunity for price to continue to recover. ➤ BTW, have you noticed that on...
I cannot stress this enough: we are going to see volatility explode really soon. From what I see from the 5 mins chart, Tuesday might see a lower opening that will be the lowest the market will see in some time. Ending diagonals are significant. And they are also incredibly reliable patterns. I had traded this pattern multiple times when I was a professional...
$DAX - If its nice take it twice! - We had two chartbook reversals with #BouhmidiBands today. Good Start for a weekend
if you watch this graph.. sit down.. watch ... calm down.. look around what is happening in the world .. and decide for yourself what can happen.. It is good to be prepared for everything.. Inflation this year will calm down.. interest rates will go up.. vix will go down.. The world will calm down.. but the governments will start arming more... the conflict in...
Likely will reach 1.618. S&P500 will likely print between $3920-$3850. Always, long VIX with caution.