Trendline from the start of the year was touched.
410 resistance was touched and rejected immediately, volume profile shows this was a key pivoting point all year
lower volume, and price exhaustion on 9 count(weekly+daily)
Bearish behaviour at 200 ma again
Fib retracement shows we are in the golden pocket like the other rallies this year(0.618-0.7)
Defended support, on high volume, trendline support,
Capitulation already took place, inverse head and shoulders break, semis are overpriced and garbage again after 40% rally. Come with me as we milk this one last time into vix 45
If this market keeps going up slowly or continues consolidating I will keep adding
3month and 10 year yields are inverted like hell...
I’m short by other means, not uvxy, but I don’t think this market is up here much longer lol.
Vix is going through price compression, positive divergences, and an inside bar formed on daily after support from the 200 week ma. The symmetrical triangle pattern is coming to an end, and the market is going to get ripped to shreds. I’ll make a prediction and say in 3...
I don’t know anything about natural gas but I took a small position on this because technicals look so good.
Crazy accumulation, high volume at support, 200 day about to cross 200 week, price structure like back in prior runs
I don’t see how the market continues on an uptrend after cpi, and the Dow is seriously overextended
Trendline, daily, weekly and monthly supports
Weekly price exhaustion
Bottom of broadening pattern
Looks like it will at the minimum fill the gap
Bears losing control over price at weekly support
Volume pointing to a bullish picture
I took a small position in SPXL and won’t add anything large on long side in such a bad market
Here are the supports and resistances based off order blocks and volume on the way down.
It has to bounce now, and even if it does I’m thinking to 376 or 370, then right back down.
Earnings compression and Qt will keep going on, and the fed has to have fed funds rate ahead of inflation.
It’s looking more and more likely we’re going to have a serious recession...
Price floor has been established on 15 minute after capitulation after Powell spoke
On the one day spy is oversold, it usually bounces back after this slightly
I'm going to target 383 to 380 area to short using SQQQ.
The risk-reward of holding a short here is low because of the previous demand zone.
The market could very well dump further but I think the likely...
FED doesn't speak again till nov first and second.
They can't drag this bad market up now.
September 7th to 14th they were not doing QT but buying according to their balance sheet.
Every end of the month they start unloading.
macd flipping on weekly for spy and QQQ
Watch for earnings in October to destroy this( Fed ex showed us the way)
DCA Points if going long...