All in the video. I do believe one more push up into Friday is looking more likely as of now. If we have a gap up or gap down tomorrow, the plan is pretty clear, so I'll just wait to see what they want to do after 8:30. Oil is in a similar predicament, the VIX and Dollar can both drop a bit more before finding support. Good luck!
This is the S&P500 index (SPX) against the Volatility Index (VIX). We've charted VIX's Cycles since June 2020 where the bottoms are in essence alarms and signals to be on the look out to sell and take profits on stocks while the tops are buy signals to enter the market. Based on that model, VIX appears to be entering the rising curve, meaning that a sell alarm is...
Bearish convictions: -DXY (dollar index) is currently in a falling wedge (bullish) pattern sitting on very strong support around 100 -102. Furthermore, while the DXY took a sharp dive, we did not see so much of a reaction in the SPX and across other equity markets. -VIX (volatility index) is currently sitting at strong support around $18 - $20 with bullish...
🖼 Daily Technical Picture 📈 ➤ It turns the Bulls were not very exhausted after yesterday's recovery. Equities burst higher but not before filling the opening gap. This is a good sign that move higher is supported. ➤ For the Bears out there, it is the last chance to hold out. Price is approaching a very significant technical level. Please refer to my...
VIX is tricky to play, if you belive that more turmoil is coming next 6months. This might be setting up for a good entry. I would try to get a nice setup only if it hits my target of around 18, then we must identify a good entry. Subscribe for more trading ideas. Invest your money dont gamble it.
🖼 Daily Technical Picture 📈 ➤ Equities recovered after a very weak start to end the session flat. It was a case of the Boy Who Cried Wolf. ➤ This counts as the second time in recent days that equities has refused to fall when it ought have. The first cry was on 18th January. Despite the fall that day, equities recovered quickly unable to gain downside momentum....
The correlation between the SP500 index and the volatility index in the daily timeframe indicates a serious movement. With the volatility index falling further, SP500's coming to the trend follower level indicates an up or down movement.
🖼 Daily Technical Picture 📈 ➤ Equities ended slightly weaker and traded in a narrow range (for once). There are a lot of games being played at the widely watched 200-day moving average that the S&P500 now sits. ➤ There's an overall contraction in the price swings in recent months due to the sideways moving market (since at least November 2022, stretching to May...
🖼 Daily Technical Picture 📈 ➤ Another bullish day. Price has reversed the recent weakness and set a new short-term high. Yet, I'm not buying into it right now. Why? Well it's not because of my fundamentally (misplaced?) bearish view. I don't trade on those views. I trade by reading the short-term technicals. I'm completely agnostic when it comes to being long or...
Interesting bullish pattern presented on the Vix which is being followed by the RSI and an interesting bullish hammer in the DX1!
In this chart of the VIX daily I have changed the final pattern to a Bullish Flagish pattern. I anticipate the VIX to rise also due to macro conditions, and Data Flow, and of course Earnings. Earnings I am back and forth on since Bank reporting..... Thats going to be a big tell IMO. This pattern morphed since last week when I was calling it a more of a bullish...
Still waiting on DXY to hit 98.3-100 to consider being bearish from a technical perspective. 0:00 BTCUSD 1:06 Quick look at DXY 2:10 BTCUSD 3:14 DXY 6:15 NASDAQ 8:05 USDWTI 9:45 DXY and VIX 12:30 APPL 13:50 HSI 15:10 GOLD 18:25 MARA 19:15 DKNG, GME & PYPL
This could be a very telling sign for what to expect on Monday. While the SPY (and generally the market) continued to trade higher on Friday (1/20), the VIX hit a low early mid-day and then moved higher into afternoon trading. Another thing to remember is that Friday was the LEAPs options expiration that started over 2 years ago for that expiration. It is typical...
Many posting similar views. USD/DXY rally or failure of support dating back to Sept 2017 will determine direction here.
Upside bearish for Metals, Equities, Crypto, etc. Downside keeps the current rally alive.
🖼 Daily Technical Picture 📈 ➤ Yes, that's exactly what happened with my long position. A large move higher in equities the day after I got out (for a loss). That basically sums up why Trading can sometimes be so frustrating. These days I just take a deep breath and move on. My younger-self would have tore my hair out! ➤ So what does this bullish move mean? Very...
$VIX is @ lower part of range Daily : Broke short trend, dotted line Has positive divergence - Weekly: Close to lower part of Symmetrical Triangle (will move fast in direction it breaks) White Lines, 2nd chart TOO EARLY to call but #VIX teetering #stocks $SPX #SPX #SPY $SPY