im in favor of smashind long term bond yield curve, and inverting the front years more for obvious reasons, namely boj inflation/interest rate planning for example. the bottom is obviously not here for TLT, but i would look towards these boxes in this order.
vix is a black cloud over the heads of spx bounce longs. ahead of any upward move in funds like xlf, xle, spy, qqq resistance, if a breakout in uvxy starts i would look for a major run up to fib fan and trend extend highs.
Very clear reverse head and shoulders, a very strong chart pattern indicator for long term tops and bottoms, target is 3.6% yield on the 30 year bond. A retest of the neckline will confirm a very strong possibility of the target being reached. On the macro side, I think yields will be forced lower over the next 1-5 years. I'm looking to go all in on leveraged...
still looks like aggressive dip buying at some point is going to trend above neckline here and cause additional 4hr squeeze as long as we hold 26.50 area if we get in the high 34s this could lead to above 40 right now the hourly is still bearish, but the daily reversal could still complete
The use of Equal Weight ETFs such as Consumer Discretionary (RCD) relative to Consumer Staples (RHS) can yield meaningful clues about the underpinnings of the stock market. Presently, this RCD/RHS relative strength ratio is below the levels seen in the Q4 2018 corrective period (red line in graph). This measure, along with other signals such as an elevated VIX,...
Consumer Discretionary vs. Consumer Staples remains in "risk off" mode.
COVID-19 resulted in Online Retail ETFs reaching new all-time highs on a relative & absolute basis. Online Retail/SPY has been known to move similarly to CD/CS. We've seen CD/CS break diagonal resistance, but remains below its June 2018 ATH. EW CD/ EW CS is still heavily lagging and well below its June 2018 high
EW Discretionary vs. EW Staples reaches a new low. Indicating an increased risk off environment in stocks
XBTUSD Reversal Head and Shoulders formation possible up price movement
BTGUSD Yet another, smaller reverse head and shoulders pattern with a minimum upside target at 189. Look to buy dips back to the dynamic support line running under price with stops below the same line and run to 188.
It seems that VTC is preparing another reverse head and shoulder. Maybe the road to 120k?