I don’t really trade Forex, unless something catches my attention. USDJPN has been climbing for a while now. On weekly chart it is overbought and even the strongest move need to take a brake once in a while, Either if you look on EMAs or Fibonacci levels, correction can reach area 139-141.2. It doesn’t mean it will but according to my analisys, most of the...
I put together a chart that shows the Skew Index, with the SPX, VIX, advancing-declining issues, and Put/Call Ratio.
Traders, Something tells me that many traders are not going to be expecting what's to come. Let's take a look at what I am expecting for short-term, mid-term, and longer-term market price action. Stew
The failed to hold the channel trendline, so it's looking bad for bulls. A quick update on what I'm seeing with the structure on SPX, SPY and the VIX.
The decline in junk bonds is generally an indication of high market risk. In this type of enviornment, investors of junk bonds demand higher yields to compensate for additional risks. As bond yields and prices are inversely correlated, higher yields cause junk bond prices to fall; a repeating pattern over the last two decades. When markets face a significant...
VIX is showing higher lows and has broken above the Brim Level of a Cup and Handle. This is problematic for a trader as it means a lot more jumpiness is coming. It's also broken out of its downtrend on both chart and the RSI. With the inflation rate going up, interest rates soon to go up in November and with more money going to be printed in the economy - this...
By now you all know the drill. Let's start with an initial framework, assess the current environment, and evaluate all below questions. are we trending or ranging? - a series of higher highs, higher lows - sellers structure is broken, we are tracking whether buyers will protect or find it difficult to hold discount? - we are tracking the lows...
It looks like VIX isn't yet ready to break entirely - Double top with the second one being curvy (lack of power) - Expecting this relief to play out now.
🖼 Daily Technical Picture 📈 ➤ That was some ride. Pre-CPI markets pumped higher by 1.5% before plummeting post data to -4% for the Nasdaq. Only then to climb back up and finish strongly by over 2%. Similar price action happened on 24th Feb 2022 as the war started in Ukraine. TBH, I expected this movement but certainly not the extent of the volatility. ➤ I...
VIX has had yet another rejection off the key level. This resulted in strong short covering in stocks just as retail traders all agreed that the market could never go up again and could only go down.
We are at the edge of economy. Rate hikes has given zero affect on this money printing cycle with inflation at its highest. everything shows we need a 50% crash from todays levels leading to a 80% crash.Economy is now worse!
Should of been super green from the open. Should of pay attention to it in am, would of save me from some stops 31.50 is the support This will blow, still coiling
So what is next and why the support at 258/259 is why it is the point of focus in this CRASH . it is a pullback of 50 % from 2020 low to the peak . but more important it is a .382 within the super blowoff that ENDED AT 408.71 RIGHT IN THE MIDDLE OF THE LONG TERM TARGET 406 TO 410 SEE DEC 2021 .So so many what to jump to the long side as we...
Traders, Bitcoin has recently become less volatile than the markets. The chart here represents Bitcoin's volatility over the Dow's. In the bottom pane you will see that as the red line rises, it indicates BTC is becoming more volatile than the Dow. As it falls? Less. Rarely, has it touched the zero point (horizontal red line in bottom pane). As you can see from...
We have now entered the time frame for the panic low 10/4 to 20th focus on the 10 Th . We have also reached the target 3511/3490 It is my view that being short is not worth the trade . I can tell you I feel rather strong about the 3511/3490 area TO HOLD and lead to what will be the last rally within 2022 time frame . as I posted major turn 8/16/25 ...
This is getting so close for a breakout and big market sell! There is also smaller C&H if it hits 31 level. Regardless of a scenario, we are very close to some real move. I was expecting this move and wanted to see a year low hit end of Oct into early Nov. It seems its going to play out well. Question is only one - how low?
🖼 Daily Technical Picture 📈 ➤ Minor down day in US indices. Pre-market was firmly positive until the PPI (Producer Price Index) numbers were released. It showed persistent inflation in the costs of production. These costs can be passed on to consumers and therefore feeds into CPI/Consumer inflation numbers. ➤ With CPI numbers coming out Thursday/today, we should...
Do not pray to the false gods of guaranteed bailouts. "The problem with all this is that it's their own policies that created the fragility, their own policies that created the dislocations and now we're relying on their policies to address the dislocations," Peter Boockvar of Bleakley Financial Group said. "It's all quite a messed-up world." -CNBC Not everyone...