KalleRaus
Short

End of bull?

BATS:QQQ   POWERSHARES QQQ TRUST
666 8 3
VIX             has had almost no reaction to the latest correction in the markets which is unusual. Complacency in the marketplace could mean lower prices ahead.
VERY nice chart... I like it
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timwest PRO
4 years ago
 
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KalleRaus
4 years ago
It's good to read a nice opinion about this chart TIm! There seems to be a lot of bullishness in leading stocks so the relief rally could continue no doubt. Well see. The correction though looks to be in the cards next year.
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QuantitativeExhaustion PRO KalleRaus
4 years ago
France 10 year bonds hit 6-7% and US Debt Ceiling once again creates a sell-off.. Be ready
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NAPit
4 years ago
Well VIX is dubbed fear index. Low VIX values during correction could suggest little fear. That goes hand in hand with irrationality and exuberance.
Our view is that the market will at least hit all time highs before a major correction. Looking at this chart, it appears that there is a possibility that the all time highs on SP500 will be broken, with a nice pop to the upside, into which the smart money will unload. If VIX is truly showing fear levels, then the market is about to start entering the last stages of a "bubble"
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KalleRaus NAPit
4 years ago
Every idea about the market for me needs to have price confirmation. I believe there is room to the upside but I also feel that shorting oportunities are to be searched for and a break under 140 in SPY can lead to a lot of downside action with much more reward than any long right now.
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KalleRaus KalleRaus
4 years ago
Correction: break under 135 in spy, 61 in qqq
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