The VIX's RSI indicator shows us a low it hasn't touched in many many years!
How do I read this?
As a BIG MOVE TO THE UPSIDE COMING which coincides with the SPX hitting a resistance at the moment.
with uvxy at all time lows and major indices still selling off a bit theres good conviction a bounce in vix may be underway as futures consolidate. heres what revisiting signal and estimate may look like.
On this 1W time-frame we look into the S&P500 index (SPX) and the Volatility Index (VIX) since 1990. We've used the Sine Waves on an (approximately) VIX bottom-to-bottom basis in order to identify what the S&P500 normally does at this part of the Cycle.
As you see from the current point and until VIX Cycle's next bottom (blue zone), the S&P500 in a total of three...
$VIX Analysis, Key Levels and Targets
VIX was totally crushed, y’all… but vix hates to leave open gaps… it’s truly an amazing thing…. Usually one of the first things I check in the morning is whether there’s a gap from the session before and it says a lot… usually vix doesn’t take this long to fill gaps… this one was opened August 19th…
Pretty much were back to the big averages that we were around during the august 16th and 17th drop.
I try to keep it brief in this video.
If I HAD to guess, I would say the market will move back down soon based on the VIX. A big break in a 5 year trend would be for the VIX to drop under 17.50 and start a new week or month candle under that level.
Take care.
VIX is showing the supply level at $34s and demand at $19s. The average downtrend is 36 days (since Dec 2021) and we are approaching the demand zone. Solely based on this technicality, I expect some recognizable market pullbacks in the near future.
This is the second bear case,
and it just so happens to be my primary scenario on the US Stock market .
Just wanted to get the simple counts out of the way, before sharing this one.
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Using the expanding diagonal fractal for the first wave from ath,
it's possible the spx500 is only in "wave a" on this local move up (of a larger a-b-c)
this is currently the...
Good evening,
This post is part of a series of requests i recently received.
The request was: "What is your bearish projection on the US stonk market".
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The russel2000, if I'm not mistaken -
has thousands of small-cap stocks within it,
here's my bearish projection for it.
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My estimated top for the russel2000 = $1876 ~ $2392
High probability target =...
Good evening,
This post is part of a series of requests i recently received.
The request was: "What is your bearish projection on the US stonk market".
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Well, this right here is my primary bear case for the Nasdaq. Keep in mind, this is just a single bear case from my perspective; there's always many different potential outcomes, and it's my duty to...
Let's see what the 2008 analogy says about the next thing. Currently, we can observe a similarity in many charts, e.g., the S&P 500 index, VIX, gold, and USOIL / UKOIL, to what was happening in 2008. Copper is no exception, and the analogy indicates copper's price decline. If the price follows it perfectly, the declines may end in the second zone. But I do not...
✅VIX will soon retest a key support level
So I think that the index will make a rebound
And go up to retest the supply level above
LONG🚀
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🖼 Daily Technical Picture 📈
➤ On the eve of Thanksgiving, SPY broke out and closed above the recent high by the tiniest of margins. Long only investors will be happy. I'm guessing a few more Turkeys will make it to the dinner table. The sacrifice of the Turkey may be premature if the break out is not confirmed by further Bullish price action post the holiday....
The actual USOIL weekly chart is confusingly similar to the 2008 daily chart. By analogy, the oil price should go south even to twenty-something dollars. The current economic situation confirms it, as the leading economic indicator (LEI) announces a recession in the near future. Also, moving average analysis confirms it. I matched the closest smoothing moving...
Buy on rumor
Sell on news
REMEMBER THAT!
Feds gave lil gift - No one wants to rattle this time of year
OK, $VIX did what we expected
GAP FILLED
Now WHAT?
We wait to be sure that "top" is in, again
BUT until we get DIRECTION, can nibble here & there
@ Symmetrical Triangle support
🚨 We break Long Term = NEW BULL
#VIX $SPX $SPY #stocks
In this update we review the recent price action the VIX (Volatility S&P500 Index) and identify the next high probability trading opportunity and price objectives to target
![ES1!: Spx500 Bear Case #2 [Primary]](https://s3.tradingview.com/v/vF5B3DFx_mid.png "Spx500 Bear Case #2 [Primary]")
