US Volatility Index forum
SPY 
DJI 
VIX 
XAUUSD 
BTCUSDT -This post is in reference to the major indices-
…on Monday, January 27 (a month ago) I noticed an eerie similarity to the charts printed on Monday, January 27, 2020 and the confirmation was Thursday & Friday (yesterday and today) compared to the same dates in February 2020. Now, if Monday there’s a mega dump - something is up and we’re not gonna like it.
..obviously it’s just speculation using comparative analysis but the similarities to then and now are uncanny. You got computer nerd making his rounds about his medical expertise in scamdemics (notice how smug he is too), he’s not happy with Musk exposing USAID (perhaps it’s all part of the theatrics). The number of black swan possibilities are really high, so it doesn’t necessarily need to be a health scare to catch us this time around.
… January 27 was the warning. I’ve been waiting patiently to post about this, holding off for yesterday and today’s market activity. If Monday follows as it did in 2020, it’s fkn groundhogs day!
The pieces of the puzzle are starting to reveal the picture, up to you to think about what these puzzle pieces are and how they fit.
-Stay cautious and have a blessed wknd
VIX indeed looking like a setup for a correction
VIX Tick, tock..
US100 We have a Double Top Weekly TF in play:With a Classic ‘no body’ Doji turnaround Daily candle on Tuesday, More than 2 4hr Breaks of Structure, a flurry of Lower Highs on the 4hr.
Today we completed a Daily Break of Structure which has ALREADY BEEN retested during todays session.
So our friend has turned around IMO…..
What’s next?
Well….I mentioned earlier in another post that now we have a Daily Break of Structure and because of that I am only interested in Daily+ FVGs. From a swing trading perspective, I consider everything else noise in this circumstance.
I also mentioned earlier in another post that the NAS was very efficient in closing gaps whilst we were stuck in the range….
I actually do most of my charting on
QQQ as it excludes the Out of Hours Candles.On QQQ there is a small Weekly FVG between 507 - 510, which is around the 21000 on the NAS.
Due to the two months of consolidation, I believe that the bearish moves will be powerful and fast.
With this in mind….I have been unable draw a logical path to get me to 21000 quickly, considering the tight price action over the last week.
This is highly speculative and not necessarily technical but……
Another oblivion candle or a gap down may be on the cards to fill that weekly gap quickly. Or similar price action to the 18th December.
Quickly is the important word here because that is what will cause the volatility spike and make up for the week on inaction on the NAS and to get NAS pegged to a steep but realistic trendline I have drawn.
On the volatility note, Someone on Minds mentioned that the VIX is about to break out (Please nudge me with your mind link so I can tag you)….and it is!
VIXThere is a Daily Green Doji at the bottom of the VIX to contrast with Tuesdays and Wednesdays Doji candles at ATH on the NAS.
Also DominaJ has written some interesting posts about the Feb 21 OPEX and this certainly could be a catalyst for such volatility.
VIX Got a feeling vix going to 17-18 tmmrw
VIX INVERSE Head and Shoulders on 15/30 min VIX. If it succeeds to finish the right shoulder which looks possible the measure from the top of head to neck line would take us to the $16.83 resistance line.