On a hourly perspective, market futures are also bouncing off this trend line. A plunge below previous lows is imminent.
We are currently in an escalating trade war with our top trading partner and the market is overvalued so I am convinced markets will plunge much lower than 2550 this week. I notice a head & shoulders pattern forming in futures, it looks like this is the right shoulder. It is a great time to short the market right now, I am already fully invested in short positions.
Moving in Stop Loss @$11.00 and slowly moving it up $0.25 cents as drama continues Global Soap Opera Can't say "Long" "Neutral" or "Short" because TVIX has a NATURAL decay built into its algo vs. $SPY reactions.
This is my best estimate. While we could possibly already be in the C wave down and finishing up on a minor wave 2....I am thinking that the FED may continue to do the same as before and prop the market up into the FOMC meeting on March 15th. This is just a guess. If that is the case then perhaps we can reach near the 2800 level again before starting a 5 wave drop. GL
Today markets showed a positive reaction for TVIX in the evening after a drastic decline in price. The chart above shows what I believe to be the exposed market. By no means am I saying that TVIX is going to go up or down, but I intend to buy it all the way down to the lower 8's upon the large purchases that took place in months and weeks prior. With volume...
COS DJI FALL DOWN IN MARCH SO TVIX VISE VERSA TO 45 BEFORE THE END OF MARCH GOOD LUCK EVERY ONE
SO obviously we are in the supercycle 5th wave. Inside that, we are in the 3rd wave. Inside that 3rd wave we have just completed the smaller degree 4th wave (even thought it felt big) and are about to trek up for that smaller degree 5th and complete the larger 3rd wave. The drop for the larger 4th should be huge and impulsive just like this last drop. I was...
Support for S&P 500 Futures was just broken. Aggressive downtrend is expected. Most probably market should open with a gap down tomorrow. This downtrend should take the VIX to new 2018 high. This would be wrong, if the market turns back and go over the 61.8% Fibonacci retracement at $2745.00.
SPY closed below the weekly Kijun and daily kumo, would like to see this hold $265 for two days before initiating any new long positions. RSI divergence and MACD bearish crossover is something to watch. Monday should be telling as to whether the EOD run was short profit taking or a true reversal. Very possible we hit the 38% Fibs before resuming the uptrend in the...
You can see the company has the biggest volume probably ever, or in a long time at least. It is shorts covering. They revealed the previous day that they would be divesting from their VAR project, which accounted for 93% of revenue. They just diluted shares signifantly, then did a reverse split. They even tried a vote in December, which failed, so had to hold...
Some thoughts and harmonics on the current state of the vix.
This is only the 5% drop that I was talking about. I was hoping it started a week or two later but oh well.
I think I can see it.. Yes this has been very tricky. When I see it bust through then I wait to see what the market wants to show me and adjust. As you can see,....IT APPEARS...LOL....like we are if the final wave 5. Today was a small wave 4 and we should move up in the next day or two. Since the larger wave 1 was the longest, wave 5 cant be longer than wave...
SO please do not mind the messiness of this chart as I had to go to the weekly view and zoom way out which squishes everything together. I made a long term chart about a month or so ago and realized that my topping date was incorrect. You see, I truly believe that Trump will not get re-elected for a second term and I am using that as the trigger date. Just my...
I think we will get a little more of a drop early next week before we push up. This consolidation is taking a long time so I have to adjust the target accordingly. I read a very brief but probably very true tweet about end of year profit selling. This guy said that there will be minimal selling for the end of 2017 because people are probably going to hold off...
There was a massive volume spike on Friday and we are due for another intermediate cycle low. Usually that means that a top will occur a couple days later. I think I will watch the RSI. There is a massive bearish divergence from many months ago. Once the RSI reaches the red line, I feel it would be safe to short this. This could be the correction many have...
With the price breaking through that blue upper trend line on Thursday, I am considering that a crack in the armor. We still have a week and a half to go before the rate hike on the 13th and so it appears that we can reach the 2700 range. Especially with all that dip buying that happened today. Yep...the Central banks really want a rate hike so they are not...
SO I do not see this as the start of that correction that we have been talking about. Now that we have gotten into November AND now that it appears that the rate hike in December is at 100%,....and the Fed absolutely wants a rate hike....I am thinking that this monster will not be allowed to make its correction until the rate hike. The Fed wants the hike and...