🖼 Daily Technical Picture 📈 ➤ S&P500 was able to climb above the resistance/support level at the end of the days trade. This has set a higher low above the yearly low on 13th Oct. We now have the first set of higher highs and higher lows => an uptrend in the classical technical definition. 📈 ➤ While the Bulls may be rejoicing on such an occasion, we must note...
Well, what a wild Friday. The market traded in a 3% range trying to digest the unemployment reports. Lots of mixed signals right now. So it looks like we're back in No Man's Land. Step back and still look at the bigger picture, we are still in a downtrend channel. We had three down days last week with a doji on Thursday and a bounce on Friday. Characteristics of a...
so Vix has reached that area of retest - but it may still go for that lower trendline before going up - in other terms - consolidation, possibly for a few more weeks until a real breakout appears.
🖼 Daily Technical Picture 📈 ➤ Welcome to another week of snakes and ladders. Before we look at the technicals, I urge you to read my thought piece about The Paradigm Shift if you haven't done so. IMHO, this will alter the behaviour of markets going forward. A much more active approach rather than a passive buy and hold approach is required. ➤ Let's now look at...
VIX is waiting for its prime time and its coming soon imo Im bullish with VIX and will start buying Apr 2023 40 calls on Monday. There was no capitulation on the markets so is the VIX 2-3x rally! Means the markets have more down to go and the next move will be very violent! Things will start to move after the elections, means very soon!
So we gapped down yesterday if you didn't notice. I guess the market didn't like what Powell had to say. But overall, yesterday had a even amount of buyers and sellers. What we're waiting for is the Octobers payroll number that's due to come out an hour before market open. Now, expected is 205k. If this number comes in higher than 205k, the market really isn't...
Believe it or not - The Stocks volatility index (VIX) has it's own Volatility index (VVIX) - and if we compare the two, it looks like VVIX has touched onceagain bottom trendline - how did that reflect on VIX? VIX bottoming was always delayed for 9 to 100+ days after VVIX bottomed. What to expect ? That in an average range of 40+ days VIX should bottom and start...
The chart is one which I have talked about for sometime . The vix of the vix NO ONE IS BUYING CALLS in the VIX . fear greed back to 50 % Each time they were shorting vix calls As is Now The pivot bet ! Bull trap set in the indexes
🖼 Daily Technical Picture 📈 ➤ Price has reached the next level of support after sharp falls. Now we will see the real battle between the Bulls and the Bears. ➤ The Bullish case is quite simple. Price needs to be supported here to form a higher low. The classic definition of a bull trend is the formation of a set of higher highs and higher lows. ➤ The Bears have...
Could it be that markets have been impatient? I think so. After watching yesterday's price action, I think the market gets the message now. Or do they? I need to see capitulation before I see a rally. But we're getting close. I've been thinking that the VIX needs to get to 40 or 50, and THAT would be my capitulation. So if that happened...what...we would get to...
Vix supported as well. If things continue to fall at US market, it will revisit 28 to 34 area again till CPI data day. All this chart index is our key to monitor the movement of bull & bear.
What Do I see here ?! The Double Top Neck didn't get retested (red circle) Ladies and gentlemen.... this means only one thing - if a retest hasn't appeared yet, it is more than likely to reverse the other way in the near future - and that is no surprise to me. So far VIX has been following my lines - and I expect nothing else for the next months. We are now at...
🖼 Daily Technical Picture 📈 ➤ If you ever doubted the effectiveness/importance of support and resistance levels/zones, I think that has been put to bed by today's price action in the S&P500 equity index. ➤ All you need is to look at the price action in the past few days. Price has tried valiantly on multiple occasions to overcome the resistance zone. Today saw...
🖼 Daily Technical Picture 📈 ➤ Yesterday in Australia was the running of the 162nd world-renowned horse race, the "Race That Stops the Nation" - The Melbourne Cup. The blue-ribbon event is a 3200m long-distance race and each horse is handicapped by age, weight and "quality". In theory, due to the handicap, each horse has a fair chance of winning. This year's...
$VIX is oversold already, doesn't mean can't go lower but should be viewed as short term caution $SPX has UNDERPERFORMED $DJI by a lot & forming BEARISH ENGULFING Interesting as it had BULLISH ENGULFING & broke small Inverse Head & Shoulder #stocks
This is how the next level collapse would look in the UVXY Volatilty derivative. The SP500 is pretty much inverse of this. Each movement propagates and grows as the crashes become increasingly volatile, as the historic inflationary levels of the entire market begin to collapse. Good Luck, God Speed, Love & Light to all!
🖼 Daily Technical Picture 📈 ➤ Welcome to November. Just two months to go prior to the end of a long but so far successful year. However, there will be a lot of action and many trading opportunities still to come. ➤ Except maybe not for a day or two. As if on queue we have a pause on proceedings. This is to be expected both from a fundamental and technical...
On 18th October 2022, we warned investors that our short-term price target of 35 USD would be pushed further into the future if the market rallied until the FED meeting. Now, we are growing increasingly bullish on the index and expect it to return above 30 USD and then continue toward our short-term and medium-term price targets. Please feel free to express...