🖼 Daily Technical Picture 📈 ➤ We continue to see significant intra-day volatility in equities. Swings in excess of 1% up and down are now the norm. We should continue to expect this especially during this crucial period. ➤ This is the first day after many that the prices have managed to finish lower. The Bulls were not able to support the price. Their attempts...
With the massive selloff in the market today and the great setup on the VIX it is looking like this little bull run could now be over. In my 2 chart pics I have the daily charts of the SPY and the VXX. This looks very obvious that the VXX is ready to spike which will send the market lower. It is always important when determining where the market is going, to...
DESCRIPTION: In the chart above I have provided a SEMI-MACRO analysis of VIX. I have decided to reduce the number of BARS that it will take for the Volatility Index to see its next price action cycle with past cycles lasting up too 250, 300, or 375 BARS to complete. With current price action trajectory and support it appears 250 BARS would be the most suitable...
This market has been in a 4 1/2 month decline. Traditionally this market moves inversely to the SPX. Although...not so much recently. Technically this looks like it's set up for a good risk reward trade. This scenario fits into my expected correction in the ES in the near term. See my posted SPX idea linked below..
🖼 Daily Technical Picture 📈 ➤ For the fourth consecutive day, price finished the trading day higher than the open. All this "bullish" action has occurred within the shadows of the large "bearish" bar on 9th Feb. ➤ Yesterday, I looked at the Bearish case of this "laboured" move. Today I'm going to touch on the Bullish story. ➤ The case for being Bullish is quite...
Traders, The Dollar really wants to make sure that its resistance overhead is legit. From a technical perspective, I love this! Should the dollar remain below my macro uptrend line, it will be all bulls for the next few weeks/months in the U.S. stock markets. The dollar should continue its sideways/down movement during the same interim. If the VIX is any...
🖼 Daily Technical Picture 📈 ➤ The price reaction post the Inflation data was anti-climatic. Equities started lower but ended higher. Overall, slightly down from the previous day. ➤ Don't be fooled by my chart that has plotted an almost perfect trajectory for the price path thus far. This will most certainly be wrong. I'm no Nostradamus. ➤ For Traders like...
The Lack of follow through on the Sp to reach what should be the min target of 4222 with the breaking down of the vix minus 8.75% today is telling me that the final up leg ideal target was 4222 min ideal 4308 is setting up to now Break ALL THE LOWS .
The VIX looks like its ready to party ahead of today's CPI print. It recently touched the upward moving monthly trendline and my guess is it moves into the mid to upper twenties short term.
🖼 Daily Technical Picture 📈 ➤ Happy Valentine's Day to all my Copiers and Followers! Even if the market is showing you no love, I still will! 😘 ➤ Equities moved higher Monday. It was expected but I didn't know to what extent. Nor does it matter unless it moved beyond the levels as set out in my post yesterday: "The Perfect Trade Plan". See related idea below. ➤...
VIX - Classic bullish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Long VIX Entry - 20.80 Stop - 19.33 Take - 23.00 Our Risk - 1% ❤️ Please, support our work with like & comment! ❤️
We haven't seen a big sell-off or capitulation. VIX didn't go above 35. Is this bear market going to end without a capitulation?
Hello,Traders! VIX broke out of the Falling wedge so we are Now bullish biased and A move up is likely Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
🖼 Daily Technical Picture 📈 ➤ Here's my plan of attack for the early part of next week if all things go according to plan: ⦿ I am already holding a small short position in the equity market. I'm looking for further downside to play out in the next couple of weeks. The major catalyst is the US inflation data release this coming Tuesday. ⦿ As illustrated on my...
✅VIX was trading in a falling wedge But now we are seeing a bullish breakout So I am locally bullish biased And I think that the pair will go further up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Traders/Investors, Everything is playing out as expected. This is good news, however, we must always proceed carefully, cautiously, and with good trade strategy. Previously, I indicated what indicators we are waiting for to enter/re-enter this latest bull move. Those indicators have occurred. Now, we must look at what could be next. Stew
The trend was started in 2017. Covid crash was just a bump on the road to something really big.... Once in a lifetime crash in one the way IMO...
perfect bounce of the VIX off its long term uptrend, doesn't bode well for indexes most likely