The " Volatility Valuation Index " proved to be quite reliable ... again....
Mind you this is a SETUP tool, to locate EXTREMES in Volatility.
It is NOT a SIGNAL tool, to be used for entries / timing.
That said, its accuracy sometime can be impressive.
But even under these circumstances, I do not use it as a timing tool
(Works across all markets & timeframes)
ESM2024 long trade, stop and take profit in place as seen on the chart.
This is no financial advise! Do not risk real money on any idea published by us.
Bearish Index Futures:
-Expecting a run on Monday's high, from inside the htf key levels.
-Would like to see the market eventually turn from there and target new lows on the month.
-Waiting for dollar to sync before expecting sustained bearishness into the htf targets.(Wed-Friday)
E-mini S&P (June) / E-mini NQ (June)
S&P, yesterday's close: Settled at 5047.50, up 43.75
NQ, yesterday's close: Settled at 17,350.00, up 169.25
E-mini S&P and E-mini NQ futures broke a streak of six losing sessions. Yesterday's rally was broad, with chips like NVDA and MU rebounding firmly, and banks having a day, but it all comes down to earnings before Core...
We are neutral on S&P futures after the recent drop. It is too early in the week to determine a high probability bias. We have taken out fridays high today (5058), and we might see further retracment to the upside. We are not considering a short bias on the daily chart, unless ESM2024 daily candle body closes below 4984. Until we get more insight troughout the...
The S&P 500 is in the neutral zone trade with a bullish bias. The expectation for Tuesday is for today range trading inside of Monday's range with a higher close.
So many great setups today as I think sellers from last week started buying back into the market. I took a couple of trades today both winners but, there was definitely some money left on the table today. All in all a super technical day.
The overnight range was the name of the game today. As mentioned earlier, we were looking for a potential break in either direction. After establishing the initial balance, we saw a test of the overnight session low (5019), which was successfully defended. Subsequently, buyers entered the market, leading to a push higher in $ES. This move broke the high of the...
from the sp500/vix ratio it emerges that there is an increase in the relative strength of the stock market compared to the fear index. We could witness a bull market reabsorbing the bearish excess of the month of April
Going over the morning sEssion looking back for clues to what the market was telling us. dont trade someone else's system. critical that we follow our own plan.
NQ and RTY filled the gap from yesterday, but ES still has a small open gap. Also, MFI isn't moving much. I see lots of stuff in the red as well.
Running errands today, staying out.
If daily gap holds then upside targets
*5021.5 then 5026.5-5037.
For downside targets
*4997-4991 and if that fails 4974
Daily Trend Tracker
*DXY - Bullish - *VIX - Bearish - *US10Y - Bearish
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MFI went oversold last night, but there's also an open futures gap. Don't have time to watch the market today so I took the easy money and cashed out. I think it'll double bottom before going up because of the open gap. Guessing TSLA tanks on earnings.
Gold down big caused Brazil (EWZ) to go red. Barely made any money on those calls.
