Both markets holding right at the primary pre-crash support. Seems it's getting harder and harder for people to short below this level. Even TVIX dropped to $108 and popped right back up to $120 no problem. Very sticky support. Still waiting for the pop. Every day further we get past the down-channel, without falling back below means the odds of a market crash...
Boy am I glad my portfolio doesn't depend on Papa Powell delivering an optimistic report tomorrow. No doubt the spin will dominate but pop should fade quick. Hard to find sustaining good news and optimistic data these days. Gonna sleep peacefully tonight unlike the perma Bulls out there haha. That high ADX cross with fast dropping ROC and dipping DPO is strong...
I've said my peace, just keepin' it real. Lookout for the green supports on the way down. If we get a Fed bump tomorrow, it will fade by next week. Crash is imminent.
Let's see if Powell blows enough hot air tomorrow to keep this balloon afloat! I'll be munching my popcorn from the safety of the ground B). Do you see the pattern?
Shhhh... it's okay, it's okay... just let it happen. The harder you fight, the more painful it's going to be. Better get your shorts in now before the programmatic selloffs kick into gear ;). Indicators ready to pop and we have the perfect catalyzing event. Bout to ride this bear to the bank... YeeHaw!
We're on the steepest uptrend in this whole irrational bull market since September 2017. Yesterday ended exactly on the 5 year (roughly average) trend line and possibly started the bounce off and reversal today. Not only that but it also happens to be the exact center of this latest upchannel. Price stretching harder, higher and steeper to try to keep up!...
Many of my fav TView data bears closed up their short positions last week, just a few of us hardcore bears left on here. A substantial crash is still the most likely outcome this month. There's just no data to support steadily increasing prices all month. Bulls would have you believe we are in a post-data market where nothing matters and that the market is...
Lots to love today. We finally got the upside trend breakout we've been looking for for two weeks now haha. 1st bar today punctured channel and closed exactly on the support and second bar brought it home for us. As promised, I did reup a little here on all my short positions based on that breakout. This is a small but critical TVIX milestone for all the...
This is a joke of a bull run. SPX, VIX and TVIX should not all be setting new local highs together lol. Gonna be a weird week I'm sure. Please have more faith in my yellow channel line than I did, once it breaks that line and holds I'll be upping my position further (strong trend change signal). Until then in holding pattern. Price floating around between...
Very little market hours upward movement. Vast majority happened in overnight gapups. 73% in the DJI according to @Dr_Roboto... If market slips even a little, the whole thing could come toppling down!
I'm not invested here, just trying to track my sleeper SPX short signal! Not even sure how these indicators play outside stocks but lets find out :). ADX sitting pretty for a strong trend change. MACD already signaling it. DPO and ROC set to spike up. RVI tends to be a leading indicator for RSI and this is a kind of divergence I've never even seen in stocks but...
In hindsight, I should have had more confidence in my original bottom support and waited for better value or clearer signs of breakout (i.e. crossing $160). The last time the Stoch RSI lines both held at zero (rare but more common with velocity inverse markets) was when TVIX was $40 a few days before the crash. If TRIN spikes back up to >2 again next week, we'll...
The market survived another day by the skin of its teeth.
ROC not fooled anymore, flipping back to hard sell. RSI hard sell and downtrend signal right now, RVI drop leading indication for more RSI drop, more divergence the better. RVI called the June 4th RSI support cross fakeout but is under RSI now meaning an RSI support break will likely lead to a stronger downtrend. MACD cross with plenty of downward space. ADX...
I've been telling everyone to wait till Friday all week so lets see if I know what's up or not. If not, oh well, may be a week early haha. Love the setup here though... everything pointing to downtrend. Downtrends lead to panic and panic leads to crashes when economy is on a wobbly foundation!
I've been shit-posting all over about waiting for Friday so looks like tomorrow is the big day! I've clearly been a bit early to the party here but man, all indicators holding strong B) RVI/RSI primed to pop. Love that ADX spike! Market buying edged up (TRIN) but still soft buy zone... zombie bull.
This is tied closely with the market so worth taking a peak. I'm not invested here. Two key indicator crosses signaling Buy with some strength.