It appears to me that a bearish diamond pattern is coming to an end - based on the qqq's direction and the overall sentiment on the direction of the entire market I would wager that its going to eventually (soon) break the lower purple line (140.15) which represents a heavy volume/price area. As you can see that level has been an area of strong adherance...
TimeStamps:
VIX 0:00
APPL 1:03
NDQ,DJI,SPY 5:12
BTC 6:24
DOGE 8:38
HD 10:50
DKNG 14:00
META 15:18
PYPL 16:18
Just an overview since the last video and some thoughts moving forward.
I hope you all are doing well. Sorry for not being on as much as I used to. I hope to be on more in the future.
Price in all the indexes is behaving in the same manner reacting from HTF SZ.So basically Appl ,Spy ,SPX and NDX trying to reach an ok demand zone which shoukd give us a bounce.
Breaking out of pattern. Look at the last daily bar spiking up before FED announcement. Banks are all shouting recession coming... I think we break out hard on the massice put/call option spread that is currently exisiting.
Long a small position to bank on this move.
Apple made a huge bearish pattern on the monthly chart. Considering the current situation in the market and the upcoming recession I expect the price to see new lows. Losing the support at $132 can easily trigger testing next supports at $35 and $22.
Apple has made a symmetrical triangle pattern showing current indecision. depending on market environment it'll either break down it break out. could fake out either way depending on macro but I believe apple will touch the trend line again at 120 and potentially even lower in a major crash event. obviously apple is a great long term hold and will be buying at...
Im too lazy to put timestamps in for this video. The first 4 minutes I go over the VIX and what I expect moving forward.
The market is kind of wonky so maybe anything can happen.
Long story short, last week the VIX hit two big targets: 19.8 and 19.08. I think we may stay in this area before moving up as long as we start the week somewhere slightly above 20.37....
Real support for Vix is below at 19.8 and 19.4 with the strong trend line at 17.6. Though Powell did have bullish comments today, the price movement of the VIX supported the likelihood of a market move upwards more so than a market move down.
Time Stamps:
VIX 0:00
APPL 11:00
NASDAQ 14:39
DXY 15:40
BTC 16:50
SPY & DJI 18:22
Apple apparently uses TSM chips with plans in the future to use more. My old friend Warren bought some recently, I noticed a gap in the chart after he bought. He bought quite a lot... I am wondering if we will fill the gap then go up. Or is it possible that we could go lower after testing the gap? Could Warren B wrong? This is one tough chart to predict! Just...
The Quality of the Video is 3x better if you full screen when watching.
I still feel like there could be some bullishness coming in here. I am not sure if this bearishness will stick. I go into more depth in the video.
I am looking forward to seeing where the vix starts/goes tomorrow before the market opens.
