🖼 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...
VIX Weekly Volatility Forecast 31/10 - 04/11 2022 Currently the volatility for this week is around 12.11% , up from expected 8.8% last week. According to ATR calculation, currently the volatility is located around 10th percentile. Under this circumstances the expected movement of the candle is : BEAR : 9.4% from the opening point of the weekly candle BULL :...
Okay can someone explain this to me ? I guess not, Because I know that this can't be explained - and worst is - mathematicians have proofs of life being a "thing" made out of fractals - literally everywhere and between everything. Well, back to markets - here We can See the Daily chart BTC fractal on the 1h timeframe of BTC - and also on the 1h timeframe of VIX...
VIX has been replicating 2008's sentiment 1:1. And has now retested the bottom - Ofcourse it can still consolidate or visit some local new lows but overall the idea is to keep this range - and go for the final blow. Bearist for stocks.
🖼 Daily Technical Picture 📈 ➤ S&P500 leapt higher to the upper resistance zone highlighted in pink. This is probably the best opportunity for price to take a pause or reverse downwards. A clear break above the zone will give the Bulls impetus to push higher as there is little to no resistance left until the top of the double-bottom formation as explored in a...
The volatility index looks bearish in my view. Bearish divergence on the daily Double top Cross down on the MACD Broke the diagonal uptrend level of support Targets that I am looking at are 23 and 20.
My apologies for forgetting to start my TradingView stream guys. I'll get my act together and promise to catch you in the next video.
$VIX in middle of range, normal for now RSI RARELY oversold Maybe 1x per year & we're @ lower end $DJI Comparison to last peak In overbought territory "2.5% upside" - ??? downside Reducing longs Our LARGEST position $TWTR = cash now As we go higher raising more cash again
🖼 Daily Technical Picture 📈 ➤ One thing I like about trading indices is that I don't have to deal with individual stock risk. A reasonably diversified portfolio will do the trick too. We have seen some major moves in the price of mega cap stocks this earnings season. Meta, Netflix, Amazon to just name a few. Overall, at the index level, they were pretty much...
This idea illustrates a repetitive pattern which occurs during recession/bear markets. First sign is the VIX keeps basing higher and higher then you get a well defined resistance line going back to the base line BEFORE the crash which coincides with the end of the bear market. Then you get multiple retracements on the VIX which are all shorting opportunities!! I...
Well.. actually nothing to see here. All goes 100% as expected and expecting a bounce up from the circled area. Additionally I have underlined TrendExhaustion and RSi as they are showing signs of exhaustion - Bearish for stocks !!!
🖼 Daily Technical Picture 📈 ➤ Price pushed higher once more but was unable to hold most of the gains. More often than not, this bearish looking daily reversal candle is not bearish at all. Buyers tend to bid it back higher. ➤ Price is approaching the next line of resistance. If successful in overcoming that hurdle, the next hurdle is some distance away at 417 on...
I have checked the amount of days from Mar 2020 first spike to the main low of this VIX smile, its 491d If counting from the same low day 491d it comes to Nov 2nd! give it plus one day in case I should of start from the following day of the mid low. Very interesting timing. Also week of Nov 7th is a cycle panic week... Im only looking up in VIX