The_Firewalker

The_Firewalker

100 DAY LINEAR REGRESSION: The SPX is currently experiencing rejection around the upper second standard deviation line of its 100-day linear mean at 4009.72 with the lower end of the probable linear range coming in at around 3531.26 (-2SD). The outlier (+3SD) linear range is 4199 – 3331. The Pearson’s R^2 for the 100-day linear mean is 0.83 indicating a...

The_Firewalker

We see stocks rising today on negative price volume. This can create weak price architecture and is generally not indicative of a high conviction, lasting move to the upside. Occurring on OpEx (July 15) is only further confirmation of the low fundamental conviction of the advance. It should be noted that RRPON (overnight repo) has begun rising again which should...

The_Firewalker

Looking at the recent relationship between the CIX (Crypto Index) and the IXIC (Nasdaq Composite Index) we see a similar path in the price box with the CIX exhibiting a more volatile downside skew than the IXIC. To confirm this we move down to the second indicator which is our Correlation Coefficient measuring the correlation of the CIX price action against the...

The_Firewalker

INDEX ANALYSIS: All three index caught a nice bounce off the floor today with the Crypto Index (right) still having exhibited the least downside skew as illustrated by the ARENA (top) indicator, never crossing -1 standard deviation to the downside. When looking at the Nasdaq (left) and SPX (center) we can see that both indexes recently breached -1 standard...