Just a short analysis of SPX/SPY, the Vix and the put/call on spx index. I think a sudden flash down could be possible within the next few days/week. Keep in mind we have economic numbers tomorrow at 830, so please consider that in your positioning overnight.
Good Luck!
Note
if this is a triangle it could potentially be a B or X wave before the next move down. A rally today past 3820 may look bullish, but I'm thinking it won't be.
Note
E has reached the trendline area, it could go higher but if it's a pennant it should not get over the C wave. Price on ES is different, so please check your charts. RSI is already showing hidden bearish divergence on mid time frames.
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.