compared to USI:TICK , SPX/NDX is maximally diverged as stocks consolidate most heavily. the difference between indices historically closes quickly, and daily consolidation may have begun to rally the market somewhat. the indices compared to all stocks up/down is beginning a daily bounce due to the amount of money that has gone back into risk assets as they...
Throwing this out there, in case it unfolds. NVDA, the path to $3000. Projection up to 2027...
futures have reclaimed some ground at the end of the trading week. i feel good about leaning buy towards the start of next week, as long as were holding a decent level according to this market structure/value area and volume range. this ai strategy shows that the price is supportive of extending its gains if we hold this momentum to the upside.
Im using this algo strategy to commit to a bars pattern from history in the Nasdaq. It seems that theres a high chance for continued pullback in the broader index led by tech and risk equities as bear volume picks up. these are the levels im watching for short opportunities.
we are breaking out in spx daily, but are we at swing low in vix? contango is uvxy is matching what it nears as we head for high $4 range where it normally reverse splits 1:10. conveniently that puts us in the expected date range of early february. this VWAP strategy says we may be in for another long entry UVXY as we top out in es1! potentially around ftz 8, and...
its too early to tell the weekly picture, but the daily and 4hr appear to be turning the tide for the broader market in a bearish direction, and that mean uvxy could see high $5s. if we do create a top in spx, and uvxy does begin to climb today i would only at first assume its a temporary pop, but if we truly start unravelling uvxy could see high $6s. count on the...
if we dont collapse completely nasdaq could be a buy in terms of where volume weighted averages and bill williams are. im buying on pullback, breakouts, and im selling a breakdown, resistance from highs. gap down i expect to close and move lower, gap up i expect to close and move higher,mostly flat and i ecpect to see move lower and then get bought up.
there are a few paths we could take between fib with r1 and fib with pivot. rainbow is confirming progression toward resistance in the dollar. dxy down means in this case broader markes indices futures up and crypto large cap (btcusd bitstamp) up. as btc rebounds expect it to go to close sideways with alts up after it attains same high.
the fib says it all fib to fib fib to high, or fib low equal lets have the real data bull
weve gained in the market, shed short volume on vix, shed weight on short vix, and lost slightly in svxy. if you study the long term picture svxy is near breakout. 69.69 and 79.79 roughly are levels to beat before were really in the green to clear $100 as the market rebounds. ive drawn a path that can hopefully outline what the topping out proccess could look like...
technology has led the market down. semiconductors have led technology. this stock has exhibited particular rate of change and other bullish volume based oscillations. bil williams ma, vwma, ema, trama as well as displaced ma are also bullish along trend lines. this leads me to a swing vased strat for continuation following the concordant supports, resistances and...
in a perfect world we would be able to say that this is the start of a broader market recovery with an almost absolute degree of certainty. this is the real world however, and we all have to keep in the backs of our minds that things could still go very badly for longs. that being said bulls do appear to be keeping control of this bounce, and shorts look like...
we are at a point where the use of credit to purchase staples has outpaced the use of cash to purchase other goods. the expense of debt in discretionary goods has reached an inflection point with the expense of transaction in basic supplies. the chart is at a high. the sell signal is in. count on the cost of goods being relatively cheaper, and that being bad for...
im into the idea of a bull pullback from the lows in the nasdaq, but its clear that the hourly trend is reversing back to bear to match the overall downtrend. this should continue, but i wouldnt be surprised to find the broader market bouncing again, but until that happens im back in with my short nasdaq position; long sqqq. im thinking top of envelope, and then...
uvxy is in full breakout mode. if indices keep hitting new week lows we will probably see new 12 month lows. a good indication of this is a lot of 52 week lows hitting in stocks, and defensive sectors rotating out (UTSL staying green but hitting resistance/visiting 4hr lows), while $tick goes negative. vix has been coiled for this move for a long time, and it...
broader market etf favorite SPY should lead the market lower soon. credit flow in favor of selling equities. largest cap AAPL should accep melt down youtu.be this is a really good video on the topin from yesterday afternoon tue. 20th dec. 2022
vix is a black cloud over the heads of spx bounce longs. ahead of any upward move in funds like xlf, xle, spy, qqq resistance, if a breakout in uvxy starts i would look for a major run up to fib fan and trend extend highs.
during capitulation selling in spx vix has much steeper move up, but right now it is making gradual gains alongside a market that is selling big names like tsla at an astonishing rate. if we finally decide to bottom expect uvxy to head back down toward signal, sss ma, vwap and bottom of envelope. if we break to new lows uvxy should head right ip outside the top of...