Just a short analysis of SPX/SPY, the Vix and the put/call on spx index. I think a sudden flash down could be possible within the next few days/week. Keep in mind we have economic numbers tomorrow at 830, so please consider that in your positioning overnight.
Good Luck!
Good Luck!
Comment:
if this is a triangle it could potentially be a B or X wave before the next move down. A rally today past 3820 may look bullish, but I'm thinking it won't be.
Comment:
E has reached the trendline area, it could go higher but if it's a pennant it should not get over the C wave. Price on ES is different, so please check your charts. RSI is already showing hidden bearish divergence on mid time frames.
Comment:
spy right to the 18ma on the weekly - again
