First, at a very important level now, and it is clear that the selling momentum has decreased, any preparation or correction and breaking of a correction. You can buy to break the top
The Vix is the end all be all for stock once it spikes up. AS we look at previous cycles and price action we can see The vix is at a key level where it took off from october 22nd and september 22nd. If we get a reject or bullish confirmation look for the market to sell off because if volatility stays above 35 mark off buy areas for your favorite stocks and get...
🖼 Daily Technical Picture 📈 ➤ Price pushed strongly higher through resistance. After-hours trading is showing weakness due to earnings releases from Google & MSFT. ➤ With today's action, it is probably right to say the market structure has formed a double bottom formation (one could argue a small double bottom also occured with left/right bottom on 30 Sep/13...
Moment of truth coming soon! VIX dump + dollar dump = Market pump.
I once read a post on here suggesting that the vix was “un-charitable” due to its perpetually declining nature… or some complexity like that. Ever since then, its been my favorite :) Looks ke we have some options for a pretty big jump… and also some that show more strength in the SPX short term. Good Luck, God Speed, Love & Light to all :)
🖼 Daily Technical Picture 📈 ➤ I'm not a nerdy Star Trek fan but it seems the phrase about resistance is appropriate here. For the S&P500, price is challenging the upper ceiling of the range that has unfolded from the start of October. ➤ A higher high has developed due to the temporary intrusion above the resistance level. This is a basic requirement to confirm a...
I hope everyone had a nice weekend. Stepped away from the markets on Friday as I went to Ensenada Mexico to celebrate my grandfathers 90th birthday. Dude is still going strong and showing no signs of stopping! Always important to spend time with your family, be present in the moment and not always think about the markets. Now, let's get into it. Interesting week...
VIX is consolidating at very high levels - bounced off of the double top neck - possibly will plan to fill the weekend gap now - If we break to the downside - then 2008's scenario is still in the game and we revisit double top's target. If we keep going uip and break that htf and ltf curve - we head into unknown territory with sky being the limit.
🖼 Daily Technical Picture 📈 ➤ If the chart is looking congested, that's because it is. This is due to the whipsawing, range bound, choppy conditions. I think I've ran out of other descriptions...coiling maybe. I'm pretty sure market-makers are having a good time of it and perhaps day traders too...although the intra-day volatility and news flow, it may be hard to...
Bullish divergence and looks like we got a full 5 waves down complete. Move similar to July may be starting. 267 key support $NQ_F $NDX $AAPL $MSFT $AMZN $SOX $ES_F $SPY $SPX $TLT $TNX $VIX #Stocks 📈
Must hold here! should explode soon imo Staying elevated for a while, next stop wont be at 35 level but 45+
Posted this first target during the trading hours, we hit first target - 3650-60ES Now if looking at EWT theory, we got 5 down, now need 3 up into 3705-25ES target and then we start a strong move down, My first main target for the whole move down for this year is at low 3400, 3389SPX is where unfilled gap is. Then second and it was ideal target for the low of the...
Many traders and wanna be analysts on here seem to be losing the forest for the trees. They're looking at short day or two pops, or even week long dead-cat-bounce/bear-market-rallies and thinking the bottom is in. Be not swayed by CopiumNBC or hopium perma-bulls that have never experienced a bear market. More traders than ever are active and involved in the...
🖼 Daily Technical Picture 📈 ➤ Without wanting to sound like a broken record, prices are still treading carefully around the important support/resistance level. ➤ That being said, the Bearish picture is progressively getting clearer. Not enough yet to pull any triggers but very close. Here's why and why not: ➤ S&P500 price once again rejected the opportunity to...
Im still very bullish on VIC and want to see 2x on VIX at min, ideally we get even 2.5-3x VIX OPEX is behind us and monthly will come tomorrow, after that we are free to move in a wider range and have new levels to be seen. Nov is a panic month!
Hi Everyone! Looks like VIX wanted to move higher but faked it (double top pattern, RSI confirmation). My target is low 20's. Look for a relief in stocks.
This chart is flawless - we are balancing right now on the edge between DOOMP and relief retest - by the looks of stocks, it looks like a retest of the higher curve could happen before breaking down. Better R:R to long here - until we cross to the red area.
VIX still doing what is expected - it crossed both lines and now is forming a double top which will lead into a small relief in the stock market - just like the fractal shows - we should retest that lower area before going into infinity.