✅VIX is set to retest a Strong support level below After trading in a local downtrend from some time Which makes a bullish rebound a likely scenario With the target being a local resistance above LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Traders, In this update, I am going to focus mostly on the U.S. Housing Market decline and what it means for the Feds reactionary policies, the U.S. stock markets, crypto, and the future of our U.S. economy. Stew
I think that in mid-November we may be dealing with a stock market crash. Let's take a look at the volatility index of the S&P 500 stock index. The analogy of 2008 has been fulfilling almost perfectly so far. If it continues, the price should completely fill the gap and rebound from the green zone. If we break the red zone, I would expect a rebound from the newly...
I have been considering the 2008 analogy for some time. I tried to find an important price resistance and I found it. In 2008, the worst drops started at 1313 and it was a fibo retracement of about 47,5%. Today, a similarly important level, in my opinion, is the retracement of 3939, which is also about 47,5% fibo. Of course, I don't expect a perfect rebound of the...
Daily Maybe call this the HOVERCRAFT Pattern $DJI @ Red EMA support, bouncing 4Hr Bullflag pattern ok, within range Hr BEARFLAG trade done ALERT RSI beginning showing neg divergence (Couldn't post the flags as reached limit day before) #stocks #DJI #DJIA
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Powells recent remarks gave the S&P the boost it needed to test the weekly bearish trend line and now price action is also at a strong horizontal area of resistance. Other indices such as the FTSE have retraced most of the drawdown from when markets started falling at the start of the year. The S&P also is currently testing its Weekly 50ema. The VIX,...
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Update on my previous idea. The C wave up ended up extending into 4 waves. But that has now completed. It's make or break for the bear market right now. Personally, I don't see us breaking out of the downtrend. But a fake-out is always possible. Note that this technical analysis is a small part of the bearish case. The wider macro-economic environment bear...
Taking a look at possibly the 3 most important charts for any trader; VIX, SPX, and USD 🔮 With a massive rebound in equities, crypto, risk assets, we're seeing much chatter that "the bottom is in". Although we've made some nice trades in this week's pump, we don't think we're in the clear just yet.🥶 You don't have to look too far either. Looking at the VIX 1W...
2/2 $VIX is breaking pattern BUT #VIX HUGE support @ white line, since 2018 $SPX nice rally from lows Reduced MORE LONGS - Cash is min 20-55% now #SPX STILL in UP TREND Never broke 50 RSI monthly LOOK @ VOLUME Rallies used to reduce exposure? $SPY #stocks $SPXS $SPXL
1/2 $VIX is breaking pattern BUT #VIX HUGE support @ white line, since 2018 $SPX nice rally from lows Reduced MORE LONGS - Cash is min 20-55% now #SPX STILL in UP TREND Never broke 50 RSI monthly LOOK @ VOLUME Rallies used to reduce exposure? $SPY #stocks $SPXS $SPXL
Keep an eye on vix holding onto the lower end of this triangle, might be worth a short term punt as you can keep your stop relatively tight. With SPY moving to new highs, vix hasn't managed to make a new low, so this divergency might giving us a clue. Some divergence seen on RSI of the VIX chart as well as things stand as they are today
Historically VIX bottoms around $20 and then tends to create some chaos. As we see here the VXX RSI has bottomed and MACD is close to crossing up. Looks like an upside move for VIX and VXX soon.
Last 3 times VIX was under 22 during FOMC minutes, it was near major tops. Looks like another one confirming to me.
Real support for Vix is below at 19.8 and 19.4 with the strong trend line at 17.6. Though Powell did have bullish comments today, the price movement of the VIX supported the likelihood of a market move upwards more so than a market move down. Time Stamps: VIX 0:00 APPL 11:00 NASDAQ 14:39 DXY 15:40 BTC 16:50 SPY & DJI 18:22
After #Fed Speak Tiny $VIX gap filled $SPX pumping, heading towards small gap 4Hr $DJI bouncing off GREEN = 20 EMA Exponential Moving Avg RSI looks okau #DJIA Breaking small down trend Volume still kind of light FOR THE DAY but currently typical at start & end of day #stocks