Itsallsotiresome

Itsallsotiresome

Silver at the 4 hour view. Silver made a pullback from its recent exhaustive move. With the dollar collapsing, silver is merely consolidating for another move up. That said, silver takes a long time for it to make moves like the last 2 weeks. Usually, silver goes through a monthly pullback near the 1st of the month. The question is, did this pullback already...

Itsallsotiresome

Natural gas at the 4 hour view. It turns out that natural gas has been in a downward channel since 2018. Furthermore, in the last 3 months, gas has been in a trading box. You know what this means? Gas has become predictable. It may look choppy at first, but it's trading in a general range between 1.58 to 1.93. There were spikes above and below that range....

Itsallsotiresome

Well, here is the NQ bounce around earnings. All this drama just to be in the same trading range for the past 3 weeks. The NQ has reached a trading range. It might break a new high, but nothing spectacular like it did pre-July 13th. Currently, retail traders and Robinhooders are chasing/FOMOing into tech. They got the trading alert to go long for tech....

Itsallsotiresome

VIX at the 4 hour view. The VIX had another short-lived volatility jump as expected. It confirmed a new wedge as a result. The volatility jump was short-lived due to the high liquidity according to the market's internal data. The high liquidity just drowned the VIX's potential jump. Currently, the VIX is doing the "volatility dance." That's when the VIX makes...

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Dollar strength at the monthly view. Rest in piece, dollar strength. The dollar put up a fight. However, it failed to close the month above 93.60. As a result, today was the first month that the dollar closed below its 11-year-old channel. That same channel is what stabilized the dollar since the aftermath of the 2008 recession. What does this mean? Inflation...

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From the looks of it, I was right that there would be a volatility jump somewhere between 7/30 to 8/4. I was right that the high liquidity is drowning the VIX. I was also right that the VIX cannot sustain a volatility run unless the dollar strength bounces. Volatility got dampened when the dollar sank again. What I was wrong is that I was expecting the volatility...

Itsallsotiresome

The dollar strength at the monthly. The dollar is in trouble now. That green line was its 9-year uptrend support. The channel itself was 11-years old. The 10-year bonds are also sinking to severely low levels. What does this mean? In the short-term, commodities, crypto (to an extent), and equities will all increase due to inflation. Weaker dollar means more...

Itsallsotiresome Updated 

VIX at the 4 hour view. It seems that my second support was off by 0.2 points. Close enough. The VIX is trying to fight back after reaching a medium-term support. It's projected to break that wedge no later than 08/05. It's more likely that the VIX will break the wedge earlier than that. If I were to guess, this Thursday or Friday would be a good catalyst....

Itsallsotiresome Updated 

This is the NQ at the 4 hour view. The NQ's Key Reversal Day from July 13th is still intact. Is July 13th THE top? I don't know. I only worry about the next 1-5 trading days. I take it one day at a time. The NQ is obviously now in the distribution phase of the market cycles. Robinhooders and newer traders got the alert to go long on tech or XLK. Guess who also...

Itsallsotiresome

Natural Gas at the 4 hour view. Gas is currently consolidating right now into a wedge. The end of this wedge is early next week. If I were to guess, gas is trying to push up. Gas currently has an inverse head and shoulders pattern going on. A very slow one, but it's telling me that gas may be getting ready for a spike up. We are in the middle of summer after...

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The DXY at the monthly view. The dollar strength is at a critical point right now. It's at the bottom of the 9 year uptrend support. This support has saved the dollar on several points of time. With all the money printing and institutions shorting the dollar, the dollar is at a historical point. If the dollar breaks down, that would cause instability within the...

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ES at the 4 hour. The ES is still in a giant bear flag pattern since July 23rd. With the Fed press conference tomorrow, I wouldn't be surprised if this gets pumped up for that press conference then starts dumping on Thursday. The VIX right now is projected to break its wedge between 7/30 to 8/5. Obviously, I cannot get an exact date, but it's in that date...

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This is the VXN at the 4 hour. The VXN's minor support is still holding much stronger than I anticipated. I was expecting the second support. We are nearing the end of this wedge. The VXN is warning that a pullback may be imminent in the NQ. The NQ might get one last pre-earnings hype bounce. However, the VXN is providing clues that a pullback will happen...

Itsallsotiresome Updated 

Dollar strength at the monthly. I looked into one of my mentor's charts. I had the wrong angle from 2011 all the time. I was charting it by the weekly. The dollar thinks in a bigger time frame. So I had to look at from a monthly. When I connected the candles from years ago together, it pointed to where the next support was on the dollar strength. It turns out...

Itsallsotiresome Updated 

Well, it looks like I was wrong about silver. I heard some of my trading team members that the next meaningful resistance is just above $26. What I didn't expect was the dollar strength tanking harder than my faith in humanity. I was expecting the dollar to bounce off its 9 year uptrend support. The dollar broke through that after being saved by it for 9 years....

Itsallsotiresome

VIX at the 4 hour view. According to the market internal data, liquidity is pretty high. So high that it's drowning volatility as well as permabears' accounts. As stated before, last week's pullback ran out of time. Pullbacks will be limited for a few days. That said, the VIX refuses to go below 23. Why? It's because there are so many calls over puts that the...

Itsallsotiresome

This is the dollar strength (DXY) at the weekly view. The dollar is tanking faster than my faith in humanity... The dollar finally broke its long-term uptrend support (blue line) that saved it since mid-2011. Why did this support stem from 2011? 2011 was when the Federal Reserve was executing Quantitative Easing III (money printing). After it finished, the...

Itsallsotiresome

This is Ethereum at the weekly view. The DXY or dollar strength has been tanking harder than my faith in humanity. As a result of the dollar being shorted and inflated, both Bitcoin and Ethereum have benefited from this event. How much will it rise? There is definitely more room to the upside. That said, the dollar needs to bounce and Ethereum will require a...