SKEW is probably a little less known in the world of volatility than for example the VIX, but essentially it is a measure of the implied volatility of OUT of the money options, as opposed to AT the money options on the market like the VIX.
I suppose it may be a better comparison to check SKEW vs the SPY, but I'm a NASDAQ guy so I wanted to have a look at this in...
Once tech beats these resistance areas it should be off to the races.
Either straight up through the first and on to the second or maybe let the 50 dma catch up to the 100dma for a tick and bounce around a moment before breaking through
Interesting compare to the crash off in money supply velocity to Amgen’s delayed bull run
Maybe something to do with their business model.
Also compares to money supply and seems to correlate with increase in money supply dollars finding their new homes as we can see as the money supply velocity drops off drastically.
Downward channel still being respected, but potential cup and handle here which could result in break out.
Reject or break through the downward channel could indicate the a bullish trend change or remaining in the bearish trend.
The fractal I pulled from last march really seems a nice fit, its been following well since I've had this sitting on here for a couple of weeks.
Looked specifically for those big volume days we had, we just had the biggest volume day in QQQ on March 5th that we've had since the bottom of the crash last March so that's where I looked to pick up this fractal.
TLDR bbby going bigly beyond
Measured move from previous run up 120% brings us up beyond previous resistance around $45 from where we are now
Previous run up saw the largest volume bar entry BBBY has ever seen followed by 15 bars on the weekly chart or 69 bars on the daily before blast off
This time we have had again the largest volume bar entry ever bigger...
Nice rising wedge, gap fill to resistance continue the wedge before take off
It’s a China crypto company, the two biggest types of scams around, China financial accounting, and crypto, effectively guaranteed to moon before the crash
Let’s go bulls!!!
FMAC HPI Housing price index is interesting to look at versus the money supply.
Both are always increasing and fairly predictable since 2012.
The HPI tends to follow this ebb and flow moving up all the time, until this year where we haven't seen it's typical plateau.
When you check the money supply trend, M2, we can see that if we follow the trend going back to...
I started looking back for areas in time where the volume profile specifically looked very similar.
We've kind of got an interesting volume profile going on right now with recently almost all buying volume and a very clean diminishing buying profile followed by a sudden approximately double selling volume from the next most recent candle.
I pulled those...
261% extension from top to bottom, fits the general channels there also conveniently, and some fractals fit this move also, but none tightly enough to leave on the chart.
You could also draw from the big pull back in September a somewhat symmetrical triangle, getting ready to break out 👌
Let’s boogie !!