There is an IHS pattern in SPY. It coincide with Dennis Gartman becoming bearish! (He is the best contrarian indicator so far in 2016!)
In almost every instance that VXX closed above 20 MA, market sold off and VXX had ~20% gain. Success probability of the trade is really high. Having said that, today's market price action was not in favor of this trade!
APPL has formed a bull flag and today broke out of it! Target is $119.5!
Semiconductors have defied the gravity for sure! They act similar to IBB just before it rolled over. For now, it is consolidating above a major trendline. Probably another move up!
Market is weak, damaged and ready to get whacked in a big way! DB is in trouble and they are throwing anything to stop the crash before election day! Watch close above $36 on VXX for nice trade!
Nasty rumor came to rescue the market. It would not last! It would be the greatest opportunity provided to short TECH at the top!
AMZN has been a monster! There is a major weekly FIB extension between $845 and $857. Shorting AMZN feels like david VS goliath!
One of fascinating charts! 2 IHS and 1 HS + coiling in a triangle pattern. Who knows the outcome?
No matter what FED does, VIX get hammered after FED minutes! VXX is closing below 20MA on daily and turn weak!
S&P Future gain didn't hold during the session and we are flat! A bear flag has formed; yet don't short the market. FOMC days have 100% upside bias. Entry: Close below green bar low! Stop: Close above today red bar high!
This would be a really short play for the gap fill!
This is Option Ex and Market is jittery. In 3 days Apple jumped ~10%. It is a great risk reversal as we are hitting against major resistance!
VXX has closed above 20MA! In the past, it shows a volatile period for the market! Re-test of 20MA is long entry on this!