Seen here is the VIX chart, and notably, two segments are highlighted. First the Green box where VIX dropped to 21 as SPX rose higher. However, later on, in the Red box area, a siumilar rise to the same level was not concomitantly seen with VIX retracement. In fact, the VIX was resilient in holding its ground at a higher level. Subtle, but very significant. A...
As highlighted previously, this is a breakdown of the technical development of yesterday's market tank. 26 Jan gave heads up of the impending trend change. There were two ranges (white rectangles) pre and post Trump-Biden transition Lower High and Lower Low series happened, then it puked... VIX gave clear and present danger heads up (another story in review) So...
Gold going downnnnnn... revisiting 1800. What's it gonna do when it comes for 1800?
Looking at the SIA weekly chart, it is obvious that there is a lower high, and a concomitant failure of the 55EMA. 4.15 is the final support, breaking down of this level means more downside. The MACD, RPM and Volume Divergence are all supportive of the bearish outlook. Possible to revisit its last low... around 3.50
Just saw this weekly chart of DBS (D05)... After a spectacular and amazing run up, DBS is clearly stalling out and poised to fall a good 10%, maybe more. Candlestick patterns show a bearish inside candle, fallowed by another that gapped down. point here is that if this is still remotely bullish, there should be better patterns and signs of strength...
The DX1! US Dollar futures weekly chart suggests that it is about to explode upwards. It is nearing the end of the falling wedge, and MACD just crossed up, with the RPM ready to turn upwards. Oddly enough, the candlestick pattern signals a conflicting stall though... hence, a strong event needs to happen, for a breaking and explosive move... UP
Highlighted previously, BTCUSD had reasched an obvious stalling point, and then turned down after a double top, made a decent retracement low, worked its way back up for a lower high, and made a series of small lower highs. It is currently below the 55EMA, which is also flattening out, and just popped below 34.5K, looking for the next lower low. This view is...
BTCUSD recently recovered from last weekend's -20% rout, both expectedly. Thing is, a Lower High has been registered and we look for the Lower Low, which means price to go below point A. The trend change 5 wave was drawn last week, and the stronger than expected rebound over extended checkooint B. Nonetheless, the downdraft resumption appears to continue and...
GDX... one of my favouorites, but now is in a major retracement. Again, three out of four factors are not favourable: 1. USD rising 2. Gold bearish 3. Equities Bearish (or soon to be) Only Low Interest Rates are favourable. The weekly chart has a GAP DOWN (ignore the BRB Buy signal for now), and it closed below the weekly 55EMA, which is a significant...
Gold continues its slide down, albeit with less momentum. Technically, we got a double cross down, both in the MACD, and the RP (Relative Price Momentum), both in bearish territory. Still see more downside. Retesting 1800, and perhaps finding 1600... Then maybe I can claim my side bet steak I have with a friend. Ouch.
Similarly to a previous idea posted (and linked below), the NASDAQ is likely to have topped. In fact, the technical outlook for NASDAQ looks a lot more challenging as the Relative Price Momentum Indicator turned down in bear territory. Point here I wanted to bring up is that the last three weeks candlesticks can be viewed slightly differently, giving a deeper...
The past week appeared to be well until Friday, when the 'US equity markets pulled back hard suddenly (after Biden's release of stimulus details, on the contrary). The turnaround was highlighted as it happened, see linked idea. Now that the week is done, the technical outlook strongly suggest a top in the S&P500 ES1! futures. Candlestick pattern formed is known...
As posted weeks to months ago, it is becoming clearer than daylight that Wave 2 is upon us in 2021. As described previously, the CONFIRMNED charts here have a peciliarity... that the MACD histograms hint of the trend months ahead in advance. As observable, Singapore is currently maanging pretty well, but is heading towards a Wave 2 slowly and surely. The trend...
Earlier today, incoming POTUS, released details of his new stimulus plan (after market close). It appeared to be rather aggressive, but the S&P500 futures only accorded a mild gap up overture (1H chart), only to close down the gap in the next hour. Chart here is the 4H ES1! S&P500 futures chart, which broke down just... The main point here is that there is a...
In this second set of LEading indicators... The TLT (Bonds ETF) see a sell off trend starting... this is actually bullish for the equities market The TIPS appears to have possibly topped. The VIX and VVIX are bullishly divergent. IMHO, due for a spike soon. Overall... bullish until it hits the fan. It appears that we may be in for another surprise. Just be...
Just want to highlight that the first panel of leading indicators are bullish like hell, and are also obviously bearishly divergent having MACD crossed down in the DJ Transportation Index, with the rest weakening significantly. First warning shot...
A month ago, the GDX gapped up above the 55EMA to break a downtrending cycle. But it was not sustainable, as previously observed. This week saw the concomitant plummet, alongside Gold, which closed the previous Gap Up with a Gap Down, bringing the week closure below the 55EMA. This is a failed breakout. Technicals support this bearish turn of events, with the...