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Accumulation of VIX to lead to a spike within the next week I'm back with yet another of my VIX bowl action posts. There's so much going on around the globe that could trigger a spike. Markets are seeing negative RSI divergence across many indices on monthly, weekly and daily charts. This time we could go even higher and reach the resistance above. But I'm being conservative in my target and aiming at the diagonal trend line. I've linked my previous VIX bowl post that was extremely successful. Good luck!
CBOE:VIXLong
by SkyTrees
5
Combined US Indexes hit upside targetThe combined US indexes had spiked as expected, and hit the upside target. This came with good technical indicator support. But the caveat is that the candlestick looks like a dark cloud cover pattern. In this type of pattern, a gap up is reversed and a close is below the halfway mark of the previous candle body. This is exactly what happened so once can expect the outcome of a Dark Cloud Cover to follow, where there is a reversal. Furthermore, the target upside is also the channel Fibonacci 1.62 target. Therefore, although the MACD and VolDiv appear supportive, it is likely due for a retracement. New support resistances are put in...
CME_MINI:ES1!
by Auguraltrader
S&P500 Crash: Trillions Vaporized in Titanic Fed-Inflated BubbleThe S&P 500 is facing a significant correction due to the potential bursting of the Federal Reserve's asset bubble, which is currently driving its artificially inflated values. Amidst signs of overheating markets, soaring valuations, and unsustainable monetary policies, the equity market is on the brink of a major downturn. The 2008 financial crisis, a debacle of epic proportions, wreaked havoc on a worldwide scale, decimating trillions of dollars in wealth. Subsequently, the COVID-19 pandemic, an unanticipated black swan event, exacerbated the situation, warranting an even more vigorous response from monetary authorities. To offset these crises' debilitating effects, the Federal Reserve rapidly escalated its balance sheet from a figure shy of $1 trillion in 2008 to a staggering excess of $8 trillion by 2021. This monumental expansion was effected primarily via the purchase of government securities and other asset classes, essentially serving as the economic bellows to reignite the embers of the economy and replenish market confidence. My prediction lies at the levels waiting beneath us including the 2.618, 4.236, 6.854, and 11.09.... A notable Fibonacci cluster is at 2,400... onky time will tell.
SP:SPXShort
by MichaelBsul
11
Charts Show Market Expects Fed to Pause but Big Resistance AheadTraders, Over 90% of the market is currently pricing in a FED rate pause tomorrow, but beware, the market often moves towards the point of maximum pain. My charts are showing we are at a critical point of resistance as I type this post. The bulls are going to have to conquer 4,370 and confirm it on the daily to convince me that the they are not out of steam just yet. From my perspective and the way I am reading this chart, is that the market may be in for a bit of a surprise pullback here. The blow-off top that I predicted well over a year ago is still currently underway and, IMO, will continue. But the market never goes to any future price point in a straight line. We are due for a pullback. I am not saying this will occur. I am only suggesting that a bit of caution is still very much warranted for the remainder of this week. Here's a look at a schedule of significant events that have or will yet occur and may cause volatility: Tuesday: • US CPI Data • Hinman Docs Become Public • SEC's Coinbase Rulemaking Response • Binance US Hearing Wednesday: • US PPI Data • FOMC Meeting Thursday: • US Jobless Claims • US Retail Sales Data Take care, Stew
U
by stewdamus
5
ES1! SPX500USD 2023 JUNE 12 WEEKES1! SPX500USD 2023 JUNE 12 WEEK Price broke 4303. If this becomes support, next target level will likely be 4584. Scenario Planning: 1) Long on support at 4303 2) If false break, short on rejection at recent high / lower high. Note: Longer Term: 4150 need to hold as support in order for long trend to remain intact. Volume Analysis: Weekly: Ave vol up bar close off high = NTC weakness Daily: Low(er) vol up bar S>D close off high = NTC weakness *NTC = Non Trend Changing Price reaction levels: Short = Test and Reject | Long = Test and Accept 4584-4525 4303 4150 Remember to like and follow if you find this useful. Have a profitable trading week. *For educational purpose only.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2023 JUNE 05 WEEKES1! SPX500USD 2023 JUNE 05 WEEK Once price breaks out of 4303 and it becomes support, market will likely test next level 4584. Scenario Planning: 1) Continuation long: Long on retracement Note: Longer Term: 4150 need to hold as support in order for long trend to remain intact. Volume Analysis: Daily/Weekly: Ave vol up bar close toward high = NTC strength Price reaction levels: Short = Test and Reject | Long = Test and Accept 4584-4525 4303 4150 *NTC = Non Trend Changing Remember to like and follow if you find this useful. Have a profitable trading week. *For educational purpose only.
CME_MINI:ES1!
by paradox677
ES/SPX500 Drop offLooking for a drop off to occur in the market soon. Seasonality wise speaking June tends to be negative. Thus, I would like to see a drop in the next couple of weeks. There is the August high which looks tempting as a DOL and there is a FVG left back in April 2022. I will watch price when we engage in both of those levels and will see how price reacts, if correct price action is seen for the bears to take over, I will short. The targets are also outlined, and once reached, will re-evaluate the scenario to see if we get further downside.
OANDA:SPX500USD
by Turtlesoup_Maestro
SNP 500 Corrective Price ActionThe SNP 500 $SPY is in a corrective pattern which in EW is called an open diagonal where each subwave of 1-5 subdivides as either 5-3-5-3-5 or 3-3-3-3-3. In this chart, I've counted the diagonal as 3-3-3-3-3. Currently, the SNP 500 is making a zig-zag in (b) before continuing in five waves down to complete ((v)) of A. Currently expecting the SNP500 to go to around 300 before turning up and beginning the B wave. I don't expect to see any corrective rally's until after mid term elections in the US.
AMEX:SPY
by HelioHelix
2
Significant Divergence in equity markets and leading indicatorsObservable for weeks now, and recently, the divergence is much more pronounced. What I am referring to are that the equity markets appear to be more and more bullish, breaking out of trendlines; while the leading indicators (TIP, TLT, JNK and inversely VXX) show an imminent deterioration, about to breakdown of trendlines. The combined US equity markets and particularly the NASDAQ itself is very bullish, spiking up and hard in the last two weeks, extending further from mean. So, going forward the next couple of weeks, either one of two needs to happen. EITHER, the equity indexes continue the upward surge and the leading indicators reverse course to align and exceed (and return to be leading indicators); OR the equity indexes breakdown really hard to converge with the leading indicators. Watch for the latter, as the leading indicators break down of the trend line and show commitment. Then the equity markets may give a swift reversion into convergence and confluence. There are many ways to look at this and many more parameters to add in, but keeping it as simple as I would, perhaps waiting and watching for the next couple of weeks might be better than taking a committed position. Stay safe, keep a watchful look, be ready...
CME_MINI:ES1!
by Auguraltrader
SG10Y Govt Bond and SPY relationship Part VI - Bear for EquitiesAs mentioned in previous heads up over the last weeks, it had finally happened (as expected) that the SG10Y GB yield rates break out of trend line resistance. And from previous occurrences, this is a very reliable inverse leading indicator of the SPY (and other related equity indexes); meaning that the SPY should be tanking downwards within the next week or so. Enough said, pattern recognition checked, trend correlation checked, projection based on hypothesis checked... now the rubber hits the road. Not expecting any deviation from the correlation, so is very likely that equities should be tipping over in a bearish slide. HEADS UP!
TVC:SG10Y
by Auguraltrader