Rsi has printed huge bearish divergence on weekly timeframe, expecting one more leg down soon
Just an idea, haven't shorted it. If there's a fundamental reason you think Palladium should be higher, please let me know.
This is what the data is saying, I'm just the messenger :). Watch out for the dark red areas, will slip extra fast!
I've been calling this for three weeks now and been holding most my TVIX since May 18th among other inverse plays. Just made some revisions to my OG idea and cleaned up the lines a bit to try to dial in the up spike here. Here's all your entry and exit price targets from May 26th: All that holds the same today. TVIX still much better risk/reward than VIX. We...
S&P 500 seems to be repeating a similar pattern with the big drop in February and March. Take a look at my previous posts to see my cases for a second big drop.
Russell Volatility remains highly elevated. That stocks have rallied so far sets us up for some excellent short-selling opportunities.
I expanded the kill zone a bit here guys, nailing the swing up was always a bit overly optimistic :). 2nd bar today kissed the top horizontal support channel and held above the bottom diagonal support channel. Still right on track. Fundamentals vs the Fed, lets see who wins. The indicators are betting on fundamentals coming out on top.
Got a tip that led me here: squeezemetrics.com Then had some fun playing with lines: ibb.co I don't put too much weight in any given strategy, preferring to average them all against fundamentals but holy shit was I surprised when after diving in from scratch to map the empty chart, it actually turned into a terrifying, accelerating and rising wave that's looking...
I can't lay off this damn SPX man. Here's my drop map for June/July. I'll think we'll touch 2100 before July end if not blow through it a bit, def by August end. There's not enough momentum to keep this afloat much longer.
MACD looking to flip. ADX looking to flip. DPO very high. RSI as VPT screaming sell. RSI and RVI screaming sell. SMAs weighing heavy on market and indicating a sell. POC under price and signaling sell. Really hard to make any kind of bull case from technicals here. This is my last rundown on SPX before the creash probably (will start tomorrow and continue...
Checkout that upward support trend from May 12th low. That is particularly interesting given the nature of the TVIX to constantly fall lower. Lookout for ADX crossing the DPO, better the divergence the stronger the trend. Also lookout for RVI crossing and holding just above RSI, could be a leading indicator here of upward movement. Those indicators are really...
Nothing to prove. Just callin it. VPT as RSI rarely bounces back and forth above and below the dashed lines so many times so quickly. Something is definitely brewin!
I've been running my mouth all over on here about a market crash so only right that I put my money where my mouth is. Here's my angle, lets see how it goes :). TVIX at great value right now (anything under $200 really) given the decimated fundamentals and extreme uncertainty. Looking to exit $400-$800 range within one month on crash depending on severity. Lets...
Was inspired by @cryptocarlsontrading who made a very compelling 1W short case here: www.tradingview.com Wanted to build on that with my own 1W breakdown. As a swing trader sometimes I get caught too much in my 4h world and it can be very instructive to zoom out and see the bigger picture. After doing this exercise, I'm even more convinced of the coming June...
Alrighty, long term I'm looking to build some kind of SMA trend and volume analysis model that could provide useful signals based on the angle of the trend lines and the POC and this is the start. Like if you wish to support my work! 10 & 50 moving in parallel about ~7 degrees below the 200. 100 moving ~15 degrees below the 200. POC is converging beautifully...
My original SPX idea still holding beautifully. This thing is wound up beyond belief! Don't expect the market to crash next week but the slide should begin and if all these trend channels hold for another 10 candles (I'm on the 4h), then it's definitely going down the first and second week of June. Get your shorts in this week!
I laid out all the details in part 1: But let me repeat my disclaimer: This is a very complex and volatile investment and should not be traded.
SPXU is a very complex financial instrument and you should never trade this. It goes up when the market goes down. It resets everyday, unlike the VIX which functions more like a traditional stock. Honestly I don't even know how to chart this thing as it seems to function similar to a logarithmic scale but man look at that upside! There's barely any details on...