dzhudzhyn

dzhudzhyn

$IWM been leading markets up most of the time, looks like it is leading down this time. on purely technical aspect, it retested the neckline of H&S, also retested the break of the flag. if this confirms, price target is around 117-118. everybody seemed to be talking about inverted H&S playing out on SPY few weeks ago (which obviously failed). I don't really see...

dzhudzhyn Updated 

plotted SPY chart on top of this 6 year USDJPY chart where correlation between these two are pretty significant. looks like USDJPY broke its 3 year downtrend in August which started 2015. If it can resume its uptrend and breakout from this 108-114 range, it would become strong tailwind for US equities. as of Friday 11/4, this pair closed above all its daily MAs...

dzhudzhyn Updated 

had to expand the downtrend channel, although the break of original channel that i posted a month ago saw a decent rally. breaking of the big channel and then consolidation will be first signs this correction/bear market is coming to an end . but the break of the smaller channel should see significant short covering rallies in to the upper side of the main channel

dzhudzhyn Updated 

last 4 days SPX500 and NAS100 have been coiling in to a pennant. lets see how it will play out: a) bear flag and continues lower, b) falling wedge, market reverses and we go back to regular BTFD program. with P/C ratios being elevated for so long and all media and fintwit being so bearish, IMHO it will resume to the upside. but i never traded through bear market,...

dzhudzhyn Updated 

these channels on $UVXY have been trending really nicely. shorted some on the break of first channel around 60 and covered last part around 48. bought some December puts last week, which wasn't really smart when i look at the chart now. hoping this will play out in to double top

dzhudzhyn Updated 

rallies will be short lived until we break this down trending channel. looks like an orderly selling so far

dzhudzhyn

Nasdaq index downtrend channel has similar look to S&P. so far looks like we are in strong downtrend and no sign of any bottoming yet

dzhudzhyn Updated 

UVXY been consolidating in to pennant pattern or it might also look like a bull flag. if this breaks out to the upside, there's more downside coming for the indices. usually VIX tends to breakdown after these major spikes. lets see if this turns in to another pull back or something more serious