timwest
Long

SPX500 SPY S&P500 Support NOW 203 @75% VIX Retracement

AMEX:SPY   SPDR S&P 500 ETF
2278 11 34
See my previous charts on this phenomena.

Buyers that stabilize VIX             are long term in nature and after the market rallies beyond where those buyers accumulated shares, it has ALWAYS come back to retest and that's what we are doing here today.

The 75% retracement off of the high spike in vix             to 50 is where we are pulling back to. There is a 2ndary spike in VIX             to just over 28 in late September on the retest created another support level at the 199 level, or another 1.5% lower.

This is a PHENOMENA I have found thanks to the powerful charting here at TradingView.

Risk on long positions from here = 3 average ranges. Target 3 average true ranges. Use 11 day average true range on a daily basis. Use the ATR indicator here to pull up the information.

Tim

3:44PM EST 11/13/2015 202.68 last SPY             -2.16
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
RadioHead
a year ago
I doubt VIX has real connection to what happens to SnP. May be some delayed reaction. Lets see
Reply
timwest PRO RadioHead
a year ago
Check out my other publications on this phenomena. I've followed VIX & the S&P since 1986.
+2 Reply
RadioHead timwest
a year ago
since 1986" Wow! I'm gonna become one of youre believers ))
Reply
moorekapital PRO timwest
a year ago
Who let the dog out!. 1986, my date of birth;) You're a veteran Indeed, Tim!
Reply
ChartArt timwest
a year ago
The more I analyze the VIX, the more it seems it has some very reliable patterns.

Before the recent drop of the S&P 500 last week I had developed and backtested a strategy customized for the VIX which turned out to be highly reliable. It signaled a soon rising VIX (while the VIX appeared to be flat), which also meant the S&P 500 will fall lower. I sadly at first went against it and then the S&P 500 fell sharply and the VIX rose a lot. Next time I won't bet against this reliable VIX pattern, now that I experienced it live and not only in historic backtest data ...

Summary: The VIX seems to lead the S&P 500
Reply
RadioHead
a year ago
But with that goals below I would agree. The gap is there and so on. But look, could that goal be a bit lower? ;)
Reply
FxSaint
a year ago
Great charting, had similar view about this instrument.
WEEKLY ANALYSIS (26-30 / OCT 2015) - S&P 500
Reply
tradingmaster
a year ago
I've traded the emini S&P 500 index for 20 years; since 1995. I procrastinated for a few years but finally decided to switch over to the forex. I found there's virtually no difference in trading the S&P index and the eur/usd. I just posted my testing results on youtube: https://www.youtube.com/channel/UCaKr67vg05EPa273C1nDpBA

I will be adding more money on sunday in order to start with $10,000
Reply
SP500: LET
Reply
Thanks Tim. Always follow the SPY and watch the VIX daily(!) and BE HAPPY.
Reply
spx wave c of 4 praimry on the way to 1800 ?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out