No doubt the spin will dominate but pop should fade quick. Hard to find sustaining good news and optimistic data these days.
Gonna sleep peacefully tonight unlike the perma Bulls out there haha.
That high cross with fast dropping and dipping is strong sell.
on track to drop below long term and follow RVI, strong sell.
DMI holding steady, ready for a downswing.
holding steady for the cross with lots of room for a downswing.
I reupped my shorts ~15% today right before close.
TVIX and VIX both increased 20% while SPX traded sideways lol.
Wait till this thing goes down even a little!
TRADER ASSIST NEEDED:
Still can't pin down this damn TRIN, it's bouncing around everywhere even now 1.5 hours after close. Currently at 2 but I've seen it from .33 up to 3.5 lol.
If it holds at 2 then that's very .
Also the indicator doesn't match the actual data which is confusing as hell:
It's been at medium Buy all day long, ~.42 and now flip to 2 after close? But data shows 1.7 all day. So weird.
Any insight helpful!
Let see if we get the disappearing act tomorrow or if we have to wait another week.
"VIX back up and closed above long term support. Now same value as people who bought early May and late May when SPX was 2950 and 3015 respectively (now 3200 but VIX worth same? Some bull run we have here)"
VIX at SPX 2950 = VIX at SPX 3200... something not adding up here!