Looking at this indicator INDEX:S5FI (Stocks above 50 day moving average) a reading above 50.0 is bullish and means institutions and hedge funds are more likely to hop in and hold the market up if you noticed on Wed we got above 50.0 to 50.29 but then we came down and closed at 47.91 meaning even institutions and hedge funds don't wanna buy this up here at the...
Looking at this is so bearish Rate of change is negative and Rsi is below 50 and dipping and we also closed below a support line we could see a solid move down before we get any kind of Vix movement up.
This stock will break it's Bollinger to the downside most likely tmmrw or Wednesday you will need to wait for it to get to 98-100$ area then buy a call for 2-3 weeks out to see the rewards I'll be keeping my eyes on it and also be putting if I enter the trade
This daily close was really bad for spy a big red candle next to a 25-30% green candle is such a bearish sign for days to come if you know candlestick patterns also you have 5/50/100 ema all crossing and pointing down and the market will follow it so be ready for a big move down.
This Rising wedge is something I've been monitoring on Vix for a few weels now and usually when these break they will retest and if they don't break through you already know what to do :) I'm expecting us to fall tmmrw due to Powell at 9am to 518-520 area on spy I expect us to retest the trend line I have drawn in the Tan color and then reject and will give the...