Check out the chart. What's that all about?
The reality is the market will move against the herd for 'Maximum Pain Theory' all the time. If the public is majoring in calls it will move down to reduce the counter-party payout. If everyone is in put contracts it will move up to make sure they do not get paid either. But remember hedge funds always have to buy...
Major Keys why this Uptrend will continue:
-- 8 out of 10 overnights showed GAPS UP (Yellow Boxes). 2 showed GAPS DOWN (Red Boxes). This after hours activity is usually commensurate with your insider and whale positioning. They have used the after hours 80% of the time to ramp this up. It requires much less capital to do so in after-hours, and they have been...
We have DOW theory at play here. Lower lows, and lower highs along a trend.
We definitely look to see a major W formation coming in on this market.
I suspected until the wedge is near completion (with a break to the downside) rapid scalps to the 50 MA will make quick profits.
V recoveries usually have better symmetry than this
The angle of this vector is turning
If we get a sideways week and nobody pushes this higher then all bets are off
If this breaks down below the froth band (day high/lows) then pump support has been removed BIG WARNING
If that happens then we could potentially have another bounce...
For the coming week of 2020-Apr-20 -24 because of the doji candle days there is the strong possibility of a repeat of the box drawn above (sideways action)
How will you know with certainty - by identification of the bagholder operations.
Bagholders are easy to spot and important to take note of. Their program buying will kick in at a price range and buy...
Statistically it has been shown that markets drop 2-3 trading days after a full moon- ignore at your peril. This had a 86% correlation rate in 2015, but not as much in 2016, and confirms that the Giant W will become a reality shortly.
There is a firm expectation of a bagholder buying everything in sight below $220. So if you get on the bear bus, be off quick. ...
This could be a 50:1 play. Even a 750:1 play if the price of oil were to skyrocket.
What you are looking at is the price of a Proshares ETF named DIG which is supposed to move at 2X the price of oil. It doesn't and does have decay problems but the correlation in price movement between it and OIL was actually very good within -3% to 5%. So if oil jumped 25%,...
If you are not familiar TICK is a powerful indicator showing program buying. It shows the up tick vs down tick of the entire S&P market.. Notice it fired up beginning of March and it simply did not stop!
Shortly thereafter it stopped SPY from selling any more past $240 with a hard support nailed in.
Clearly the market will try again, and will fail at the...
This is the 'Cheat Sheet' that will show you the following.
- After the sustained correction of 2008 it was the last time a MAJOR prolonged correction was permitted.
- All the corrections after that point were single,double,triple bottoms.
- TICK chart showed that someone was buying everything in sight up starting the end of March. SPY could not get...
Because we are deviating off a standard V recovery we are looking at a giant formation of W coming in. This trend has already bent flat and lost momentum.
Possibly expect something like what is on the chart. Do note the current trade range - a break above can be a fake out top..
This chart is very important it shows the very predictable decay pattern that occurs on ALL VIX spikes - every time.
Almost all VIX spikes will have a double top and then decay harmonic that looks like 1,2,3
Because COVID 2019 has already caused a spike to 85 and has already decayed to the 62 mark it is priced in the event very clearly and it will not be...
Tomorrow Unemployment Numbers will be released.
Somehow someone with a very large capital knew to sell into the last candle of the day - like they know what tomorrows # is and are probably hedging.
Things that will happen tomorrow
- Massive quick pop in VIX when the # is released - which will shoot up VEGA and pop both call and put prices.
- Following the...
If you do know know the 1,2,3 Decay harmonic of the VIX do not trade in this market.
It is the most predictable pattern in the market, and numerous trading algos will begin buying as it decays - pushing the market higher.
It's time to get back to buying the dip folks.
So far the wedge looks to be finishing from a technical perspective - but that is not the bigger issue.
CNBC - "The Federal Reserve just pledged asset purchases with no limit to support markets "
"That represents a potentially new chapter in the Fed’s “money printing” as it commits to keep expanding its balance...