🖼 Daily Technical Picture 📈 ➤ Once more optimism helped equities start higher in morning trade. Not surprisingly, that enthusiasm waned again as price filled the opening gap by falling back to the support level. The difference today was that the price recovered to close the day above the opening. ➤ Given the strength, I have taken this opportunity to open my...
🖼 Daily Technical Picture 📈 ➤ First day of US trading in the New Year displayed the same volatility as we have come to enjoy/get used to. A firm positive start filled with promise faltered to finish in the red. I hate to repeat it, but once again the support level held. ➤ A break up or down from this small consolidation/sideways market since mid-December should...
From post elsewhere $NDX hit a bit The yellow horizontal lines are showing inverse head & shoulder Bottom forming pattern Very likely within day or two we'll have this resolved IF it is a short term bottom for #NDX $QQQ #QQQ $TQQQ #TQQQ #stocks Post 2 - posted earlier #NDX volume pretty decent today & barely halfway through $VXN, $VIX for $QQQ, is looking stronger
2 From $DJI recent post While most media & people ARE RIGHT, they tagged along @ end, too much neg I'm contrarian, this much negativity raises flags, especially when media 24/7 Still think $VIX #VIX in between pattern gives opportunity for swings before the eventual breakout #stocks #crypto
We're NEUTRAL but with drop of cautious bull Messed up another other post :) Why cautious bull? We've been warning since late Oct 21, were RIGHT Went bull few times #stocks & #crypto but overall, BEAR Sept 22 noticed shift Mid Oct early Nov we went FULL BULL, till recently This was part of a few posts See $VIX next post
For most of the last year, we held a bearish bias on the U.S. stock market. Starting in 2023, we maintain this stance and expect the market to dive deeper into a recession, dragging the price of SPX much lower from the current level. In fact, before the third quarter 2022 earning season, we outlined that the corporate earnings would reflect the worsening economic...
🖼 Daily Technical Picture 📈 ➤ S&P500 is still holding the support level. The longer this goes on, the more favourable it is for the Bears. Without a notable bounce after the steep sell-off since the December high, this shows that Bulls have little conviction to push prices higher. ➤ Still, it is a new year and historically January is a positive month due to the...
VIX might be signaling a bullish move for the index, however that is yet to be confirmed via 4 hourly close. SPX target I'm aiming for are around 3950
Short Version of DXY and VIX 8:24-9:24 DXY 0:14 VIX 4:45 APPL 9:25 HSI 11:11 NASDAQ 12:10 BTCUSD 14:18 MARA 16:00 PHUN 16:47 NVDA 16:58 PYPL 18:15 TSLA 18:55 Closing words (Will be interesting to see where the dollar opens) 19:43 Overall I think things look fairly bullish. At least in the ability to regain some of the loses from the past two weeks. My big...
DESCRIPTION: The chart above is an analysis of the VIX and it current pattern formation of a SYMMETRICAL TRIANGLE FORMATION . POINTS: 1. Strong Support for VIX at 19.50 with current Demand Pocket Ceiling for FIB is at 25. 2. Move should occur by the 9th of January as price action would have to compress a lot more by then. 3. Current overall trend is a down...
Please note that there is a possibility of going up more than 37 lines when shooting this time.
This would be a very solid bottom - if VIX popped up and BTC felt to it's major weekly support - it would create a wick on this supporting line and the bounce would be major. Expecting this to happen before buying into crypto.
2008 didn't repeat 1:1, but history tend to rhyme - and so it is doing right now. VIX dropped lower than it should - very likely manipulation - but is holding a certain level - when I checked for any curve that could be adjusted to it - I noticed a small detail - 2021 fakeout. 2021 was the last push to the upside - the one that broke VIX trend - but now is...
VIX is in triangle and needs above 24.9 to confirm the new bullish explosive move. I do believe this will do 3x or so before the market makes its final capitulation low
Forget the "Santa rally," it's time to brace ourselves for a potentially tumultuous 2023 as concerns mount over bond market developments and their impact on Q1 earnings Santa is tired, Kids It is uncertain whether the annual "Santa rally" will occur in 2022 due to the bear market. There are concerns about the recent developments in the bond market and their...
🖼 Daily Technical Picture 📈 ➤ Equities bounced nicely. S&P500 recovered above the support level. European indices bounced off the 50-day moving average. ➤ Sideways would be the appropriate term to sum up the price action for 2/3 of the year. If we look backwards to May, the S&P500 has not made any progress up or down. Price has oscillated around current levels...
In theory, you could make the case that AAPL and the VIX both have long term H&S pattern tops which are nearing their respective breaking (validation) points. Whichever one breaks will invalidate the pattern of the other. Which breaks first?
In theory, you could make the case that AAPL and the VIX both have long term H&S pattern tops which are nearing their respective breaking (validation) points. Whichever one breaks will invalidate the pattern of the other. Which breaks first?