50 DMA should easily cross the 200 DMA if Iran will retaliate and it looks like they are set to do so. Can't stand politics, but we have to respect the pillars in order: Macro, Fundamental and finally Technicals,
UVXY which leverages the VIX as a measure of volatility / greed/ fear has finally crossed over the mean anchored VWAP. This is a sign of bullish momentum and perhaps a signal that traders should hedge or consider their positions in terms of hard risk management. Those who traded this move up today made 10% or better in the trade. Those who bought call...
UVXY on the 30- minute chart is now in an establish falling wedge breakout. Increasing volumes lend support for bullish momentum as does the fear that rate cuts may be postponed the the market's bullrun may stall and correct. This chart is left clean with only trend lines drawn in recognizing that quite a few traders only have a basic subscription on...
UVXY the fear and volatility ETF ran up nearly 10% on the past trading day before retracing a bit all due to the quick about-face in the market at about 1PM New York time. It moved from the lows at the opening bell and let up with after hours profit taking. The relative volatility indicator shows the volatility pump and then dump. The dual signal RSI...
Hello everyone! First two new charts for 2024. Another year another upside logic market. We're breaking ATH with continually decaying economic data, new banking troubles, new wars, and an election year and markets ignore it all. It's a Fed controlled market so mysterious!? Anyhow, in this chart I did a vague not so accurate EW that began Jan 2022 that bottomed...
This market has been quite a tough one to figure out. As I have stated numerous times, it's become a game of chance. The markets have proven to completely ignore the horrible economic data, missed earnings, geopolitical crisis, QT, and so on. At this rate the stock market I believe is owned by just a small number of people and so I suspect we will see less and...
If we use the Elliots Wave like in 2022, this is how it may play out. The selling has been steep enough to apply the Elliots Wave here. Catalysts for Oct is a hotter than expected CPI/PPI, especially with fuel inflation rising and fuel prices rising back near record highs. Bearish Technicals: (1-Week) - RSI - MACD - MFI ----- On the contrary, these moves...
Using the previous bounce back in September 1st and had a month of bullish trading, I believe that in the near short term there may be another bounce. The RSI is beginning to show signs of upward strength. Despite this, there is strong bearish pressure as of now. Keeping an eye on this pair.
CBOE:SPX chart is quite INTERESTING. We can see the obvious short term downtrend. We're currently at the bottom part of the GAP. Volume has been a lil lighter, holiday is likely the reason. RSI broke the downtrend it was in Maintained the longer term 2022 low up trend. Can AMEX:SPY reach the top part of the current downtrend? AMEX:SPXS AMEX:SPXL...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* This afternoon my team purchased shares of FinTech company Marqeta $MQ at $4...
SVXY runs inverse to UVXY- it was trending up for weeks but fell off the cliff with the VIXX spike on the fed news of the debt rating downgraded ( like the US posting an earnings miss) a 7% adjustment in almost no time. The analysis now is the red candlestick pattern is that of inside bars, a Doji then a green bar and a red. The zero-lag MACD has had a line...
SVXY is the ETF shorting the VIXX ( and UVXY) which pumped hard this past trading session. It goes up when volatility goes down and vice-vera. VIXX is expected to drop after the trama in the market starting at 1PM when the Treasuries auctions were duds with little transactions occurring and the financial data reported in the late morning. SVXY dropped...
UVXY trades inverse to the general market direction in a leveraged manner. An example of this is shown on the current chart 15 minutes time frame of the price action this week. I have added two indicators the buy low sell high composite and price volume trend to support entries and exits which are typically done on lower time frame charts. On the chart, if a...
The UVXY is currently trading at the 89 Day EMA among other Moving Averages that it's often reversed from; if it reverses from here again and hits the bottom of the Potential Parallel Channel that will confirm the Validity of the Parallel Channel. If it breaks down from this Parallel Channel that will be a Bearflag breakdown that could take it down anywhere...
SPY Could see a push to 433 before the market unveils it’s surprise. Looking forward to seeing what kind of ride we’re in for. Looks like it could crumble from this double top set up. Anything could happen, might even buck to ATH if she’s catches up sleeping. Cheers
It’s looking like we can trust the bottom side of this falling wedge. This time around It also lines up with the indexes double top so we could see a decent charge upwards. I already own shares, and I’m picking up more on the open today. I’m looking to take profits in a few weeks based on previous bounces/timeframes. Could be something to hold, although I would...
Volatility is at all time low while also becoming oversold... We have a descending wedge which could break soon and this pattern is a favorite of mine. Targets have been laid out above. Not financial advice, DYOR.
UVXY as shown in the 15 minute chart is slightly above the basis line on the Bollinger Bands as shown also on the BB indicator or Luxalgo. Price is slightly below the mean VWAP of the anchored VWAP situated in the fair value area as also confirmed by the volume profile and its POC line confluent with the VWAP bands. Given impending federal data reports...