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Spxneutral

SPX 500 compared with VIXSo here is an easy ta for SPX 500 compared with VIX: Last days bulls bounced off from 50 SMA (3206) and now try to break 3240 resistance. So range we moved last weeks is from 3000 as very important support to 3240. I guess next weeks could be important because there bulls and bears will decide, if the double top pattern is finally finished or failed. Furhtermore, RSI and MACD showing overbought signals and as well, there is divergence between trend up in SPX and trend down in RSI. Please watch VIX and SPX on 8 th of June: Both are rising up which is a very rare signal and next move was a big red candle down to 3000 support. This happend on 26 support on vix. Other support on VIx was formed last days on 27. All together: If SPX could get over 3240 and hold this next move is open to ATH. If SPX will bounce off again take care for 3000 support. Everything under this support will finish the double top pattern. Volume is normal. For all swingtraders- its your time, I think. Good luck for your trading :)
CBOE:VX1!
by Hornetcharts
Bull Run Possible, But We Won't Be Up 5 Percent Tomorrow Volatility in either direction is lacking because markets don't know what is fully thrusting them forward right now. Something like the Shanghai Composite is much easier because its more based on speculative appetite than fundamentals. Even if you're a bear though, we have at least about 1 or 1.5 percent more until we hit a level of resistance below the record high. If record highs are resistance then we have 1 or 1.5 percent more after that first level of resistance. Overall, the macro fundamental picture is a bit confusing. Brexit, but likely trade war resolution. Global slowdown in Germany and China, but dovish monetary policy in the most hawkish central bank in the world (the Federal Reserve) oh and by the way that central bank is also the head of the world's largest nominal economy in charge of the most used currency in the world. But also ten year bull run, but Australia has avoided recession for 27 years and the US tends to lead the world into recession, not follow it into one. If you're confused on what the global macro trend is then, its excusable. I'll say this--I was a bear when we were below this huge resistance, but now that we are above it the argument is a bit more difficult. Let's just see where the data is headed so there is a more clear picture. For more analysis, please check out more of my content with plenty of charts at www.anthonylaurence.wordpress.com
SP:SPX
by WhiskeyTangoFoxtrot3
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