I will reiterate again, as I have in my past posts, notably:
Nasdaq NQ - A Fundamental and Technical Warning Signal
That if you are bullish on US equities into the future and want to see a healthy economy into '24 and '25, you DO NOT want to see a new all time high to be set yet.
Instead, you want a correction.
A major correction is just that: a...
Traders,
Drop it like it's hot! The U.S. dollar ain't waistin' no more time up here. Pending confirmation on the daily, the Head and Shoulders pattern will be in play. As long as the VIX stays low, stocks should follow the blow-off top price action that I have been preaching about for over a year now. If you'd like to know when the dollar reaches it's target...
Traders,
It is always amazing to see properly researched TA play out as it indicates it will. In this case, the target seems to be following precisely the previously drawn arrows. Now, we will be testing that neckline on our H&S pattern again. My expectation is that we may incur another slight bounce there before finally breaking our long-held strong support,...
I've had a number of successful calls on crude oil, which you can find in my post history. In those calls, I had always been bearish on oil, anticipating a run to a 4-handle.
However, I reassessed my prior assumptions when the MMs took out the Low Of The Year in quick order to start May. I haven't been particularly sure in the time that has passed, but between...
Market about to enter a new Bull Cycle. See my chart. We are bouncing off the wave that I have displayed.
I circled all market bottoms in the past years since 2010.
Traders,
We have multiple mixed indications in our broader markets. Many are showing us that a pullback in the stock markets is due. But Bitcoin remains strong. In this video, I'll show you why.
00:00 - Dollar, VIX, Spy
09:42 - Bitcoin Analysis
CBOE:VIX had a $3 bounce from 13.60 call we made.
#Stocks did move a tad higher from that call but are now at the levels when the call was made
SP:SPX held red 10 day EMA (exponential Moving Average).
Sell volume has been coming in @ the higher levels. Hmmm.
NASDAQ:NDX #SPX $ TVC:DJI are all showing negative divergence. This is interesting. Is the...
See the illustration traced from the 2008 volatility spike leading into the GFC. As it can be seen visually, the similarities are present. The news cycle appears to be dominated by a similar set of events, including the collapse of the 2020's version of Bernie Madoff, SBF. I doubt the volatility will play out in a continuous fashion, as the Fed as new tools to...
UVXY trades inverse to the general market direction in a leveraged manner. An example
of this is shown on the current chart 15 minutes time frame of the price action this week.
I have added two indicators the buy low sell high composite and price volume trend to
support entries and exits which are typically done on lower time frame charts. On the chart,
if a...
I'm back with yet another of my VIX bowl action posts.
There's so much going on around the globe that could trigger a spike. Markets are seeing negative RSI divergence across many indices on monthly, weekly and daily charts.
This time we could go even higher and reach the resistance above. But I'm being conservative in my target and aiming at the diagonal trend...
Considering the VIX index, it can be expected that the market will be more risk-averse from the buyers' side. However, historically, when the index reaches a certain range, suddenly everyone becomes risk-averse.
In early June 2023, we noted that VIX reached levels that preceded the 2022 market meltdown. After that, the index continued lower and advanced toward levels unseen since January 2020 (levels that preceded the 2020 market crash). The current low value of VIX reflects extremely high complacency in the market and the growing dismissal of any economic downturn on the...
Good Morning
SMALL THREAD
While we did call the NASDAQ:NDX weakness & top, at that time we didn't think it would be as bad as it got, at least I didn't.
Last year we really thought TVC:VIX would break out & the markets would collapse. Our original expectations didn't pan out but we, mostly I, changed as more data came in.
We called a bunch of bounces &...
Now a lot of people are posting long ideas that it will blow up.
I am framing this idea as neutral.
Since we have a contradiction.
Consider.
1. The Heikin Ashi weekly candle is consolidating by breaking through a bullish wedge. Yes, it is definitely a very reversal pattern.
2. Two small Kumo clouds (both red and green) are floating over candles. Their size tells...
The VIX indication of fear in the markets has been on a strong downtrend into upward support which has been respected for quite some time.
Long VIX, Short Equities.
AMEX:ARKK moved nearly 8% higher since I shifted my focus towards small-cap potential in my initial post. Price is currently testing supply and approaching my target of $45. In anticipation of a potential market pullback next week, I may consider trimming my position. However, I'll continue to monitor the market closely and keep an eye on the gap fill above $46.41.
NASDAQ:PYPL displaying relative strength with price advancing 6% since my previous analysis (considering the stock's historically low valuations and the expected clarity on their leadership outlook later this year). It remains one of my favorable long-term trades despite debatable growth outlook. With selling pressure gradually diminishing and I expect a gap fill...
