SPX: A Little Higher is Possible; Another Panic Sell-off Looms
In my last idea I noted that we would see a hefty relief rally and for those who read it soon enough, you would have caught the nice pop!
In the near-term I am seeing some "disturbing" signs that the market is very close to re-testing the lows that we previously have made, or, form another leg down. At the very least, it is 99.99% certain we will come to test the lows around 2250 at any moment in time. It is possible that we have another final leg down, and I favour that we likely will.
It is important for investors to remain patient instead of panic buying and falling into bull traps and upper channel algo pumps. During this last leg down, simultaneously, Gold and Silver will likely sell-off for liquidity and the VIX will also likely spike to new ATHs. For investors who are observational, you should be wondering why the VIX remains incredibly elevated (60+) despite big pops in the markets at times and does not subside. This tells you another sell-off is looming (amongst many other technical and fundamental factors).
Highlights
- Sharp sell-off to 2250-2260 at-least
- Possibly new lows (another leg down)
- Remain patient before entering longs (likely until mid to late April)
- Expect a new ATH in the VIX
- A gradual, rather than a sharp recovery
Thank you for the support!
- zSplit
In the near-term I am seeing some "disturbing" signs that the market is very close to re-testing the lows that we previously have made, or, form another leg down. At the very least, it is 99.99% certain we will come to test the lows around 2250 at any moment in time. It is possible that we have another final leg down, and I favour that we likely will.
It is important for investors to remain patient instead of panic buying and falling into bull traps and upper channel algo pumps. During this last leg down, simultaneously, Gold and Silver will likely sell-off for liquidity and the VIX will also likely spike to new ATHs. For investors who are observational, you should be wondering why the VIX remains incredibly elevated (60+) despite big pops in the markets at times and does not subside. This tells you another sell-off is looming (amongst many other technical and fundamental factors).
Highlights
- Sharp sell-off to 2250-2260 at-least
- Possibly new lows (another leg down)
- Remain patient before entering longs (likely until mid to late April)
- Expect a new ATH in the VIX
- A gradual, rather than a sharp recovery
Thank you for the support!
- zSplit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.