***THIS IS NOT FINANCIAL ADVICE***
Bullish Divergence on VXX and appears to be bottoming out, couple this with the BEARISH divergence on SPY daily chart (since December 13th-14th 2023) and FED's BTFP ending March 11th, Im willing to take the risk and see where this goes. Will post an update come mid march.
***DISCLAIMER***
Please view previous idea posted on 08/25/23 for comparison to what I'm referencing.
Well...hindsight is always 20/20 isn't it?
I was partially right on AMEX:SPY forming a head and shoulders pattern but with the tech sector being strong and people optimistic on fed pausing/cutting rates bulls have been buying every dip the last two weeks giving...
I'm sure many of you already know TVC:VIX (Volatility Index of the S&P 500) correlates to AMEX:SPY (the S&P 500 micro index). For those who don't and those who do, this is my up to date VIX chart. Please comment what you think! But the general idea is that...
When TVC:VIX goes up, AMEX:SPY goes down
When TVC:VIX goes down, AMEX:SPY goes up
This is...
Hey Guys, feel free to copy me,
This chart is for beginners and new traders who're trying to understand supply and demand a little better! This shows an up-to-date picture of AMEX:SPY as of 1:00pm EST 8/24/2023.
You'll notice the green and red rectangles across the screen. I color coordinated them for psychology reasons for you (personally I have all my zones...
Apple is breaking out of a symmetrical triangle on the Daily chart. Trend lines were tested at least 2x, Apple is supposedly selling good numbers of the iPhone 12 with holidays coming up, and RSI is showing a fair level (signaling it is not being overbought right now). My target is 135 by 12/18.
