e mini spx futures are a product obviously in huge demand. I'm still long the index, and long futures, but I'm waiting for it to show signs we are beating 4500, in which case Im long the breakout, or we are resistant to month highs, in which case I'm long after testing support around 4450. I'm only short if we break the daily uptrend around 4400 and test more...
qqe is long bitcoin 4hrs and were above vwap headed toward overbought rsi. the trend is one of a bullish reversal. if we keep that average and remain overbought its probably headed for a test of 43250 and if we lose it setting a lower high and breaking the lows id imagine were headed back under 40000.
i couldnt be more bullish on btcusd i think its going to be a gap up weekend, and i dont imagine theres a better way than just holding GBTC. i love this instrument and i love the worlds largest, most popular cryptocurrency, bitcoin
this thing has had a killer of a bear week. we saw the signs early last week, and now at the close of this one its pretty obvious that if the .382 of weekly retracement spx holds we are in breakout mode in broader markets. uvxy could bounce in a big way, but the action seems bearish at the time being. the green path is if we tighten in range holding that...
we have opened down below last weeks close and we are aiming to close the week up over last weeks highs. depending on how the daily wants to close we could leave a bullish or bearish mark on the candlestick pattern. as long as small caps, healthcare, industrials, energy and utilities are doing ok i see this as healthy rotation. even if today and tommorow are...
there are two paths for whether spx futures heads for either top or bottom anchored vwap
weve crossed back below VWMA and rsi diverged bearishly coming off overbought. we will need to see qqe short entry dry up before broder markets come back. id imagine we end the week lower, maybe under 422, and come back up next week to complete the breakout. otherwise, if we break 414 and test some area below resistance trending lower, we could find ourselves down...
we are in technical conditions of a selloff and risk averse activity is driving the market. defensive sectors are even doing poorly. there is no reason to think price action will turn around here, vut the price doesnt go anywhere in a straight line. at least one last trip up to mid or upper 95s is a valid target.
this thing has pumped all day and is getting tired. UVXY is overbought on the 15 minute timeframe and is taking on the appearence of a pullback on the one minute where qqe is trying to punch in a short entry. could there be more to go bullishly? of course. why bother trying to squeeze more out of it long when you know lower prices soon are all but guaranteed? high...
if were going to recover from this we need to get above EDMA and turn MACD positive
the worlds largest most popular crypto currency is coming to a test of vwma 14 offset 8 on the montly chart. this will either be very bullish or very bearish. qqe signals is short and rsi is headed to oversold.
trading in bearish momentum with a falling vwma and short qqe while rsi is sinking towards oversold selling 4239 target 4179
the doge lifetime logarithmic chart on the monthly is showing the test of VWMA 14 as potential fallback area. doge looks like a very scary crypto to get into as it is inflationary, rather than deflationary like bitcoin, and has no limit to the amount of tokens added to supply. if you zoom out you can tell there are key levels to watch that could be potential...
every time we have tested this vwma as resistance there has been bearish avtivity, and each time as support bullish. if there is upkeep of volume vwma will continue to rise and price will keep closing above it.
vix is showing that weve successfully tested some level in the s&p that could hold. momentum in uvxy is downward. the hourly should play out in bears favor, bullish for the s&p.
given the amount of retracement if we stay over 97 and attract volume setting and confirmin this as a higher low around the .5 its likely we enter a tightening range going for a touch of vwma and then setting a lower high. id like to close that day around the highs for a bull daily case. horizontals are valid targets.
this thing has taken on a terminal thrust/ island top appearance and i wouldnt be surprised to see vix and its derivative products pull back from this extreme.
spx emini futures are looking like they are on their last leg intraday. puts are coming in that are slamming this thing into the lows, and it looks like that support may break. 4225.25 is a decent target.