VIX The good news for scarce assets is their inevitable massive appreciation; the bad news is the dollar will significantly depreciate against major trading partners’ currencies. As a result, US stocks, bonds, and dollar assets will sharply underperform scarce assets in the mid-to-long term, with Bitcoin, Gold, and Silver poised for one explosive surge after another.
SPYES1!QQQVIX This is rising with a purpose. I don’t think even an act of god could save shorts this week but with the way it’s moving, this will peak above the 50/100/200MAs in no time. Previous bear market rallies went to the 75% retracement. It could crash very soon once those levels are tested. Proceed with extreme caution. This could be the ultimate trap. tradingview.com/x/II2qLrGS
GOLD After building a base, gold’s next target is surpassing $4,000 this year, with silver likely catching up and surging over 100%. It’s the inevitable outcome of this economic cycle’s massive wheel.
SPY Very overbought at the 1.382 extension. VIX seems to be bouncing and AAPL looks weak pre-earnings. We’ll see what happens today. Still targeting $537 but I will switch to calls if it looks like this will continue higher, however we should get a pullback at the very least. tradingview.com/x/tLJFpVO6