There is so much hidden bid volume on the DOM right now, I don't even know what to make of it. I have never seen the bid volume so barren...we are in for a downward turn to wave 3, I just know it...delayed reaction to the insane events at the Capitol fiasco I would imagine. Perhaps I should just start delaying everything I do by about a week because it seems like...
It has been a good run, but this just feels like it is it for ES. No technicals or indicators…it just feels like dumpville coming hard...
Time to head down, question now is which FIB and/or trenline do we shoot for? All this up just makes me sick and it seems hard to imagine not heading to the bottom trendline soon…although most likely is the higher trendline and/or FIB…but who the hell knows anymore?!
VIX is now really forming a solid definiitive base. I was surprised to not see it climb as much yesterday due to the new events; however, I was reminded these types of reactions to such massive affairs sometimes take days or weeks to fully realize. Plus the institutional funds rolling in have prevented any type of predicted crashes…just delaying the...
Suddenly my target of 3777 that I had a month ago or so seems very feasilble. We appear be on on our way up to a final wave 5 before another corrective ABC, and 3777 seems like a very possible and likely target before shorting. Beware of the delayed reaction to the news of economy slowing and Capitol fiasco. Also note, hidden bid volume at 3755 and 3755.25 at...
Question now is, do we hit wave 3 down or do we head for the “C” of the ABC correction and proceed upward? It would not surprise me if we see upward movement further before another larger sell off, but based on the events that transpired today, I would prepare for the worst (wave 3 down) in a reversal. A lot of uncertainty and panic is resonating through the...
Expecting a VIX spike to about double or more of what it is currently. This is likely fuled by the current state of political affrairs and severe uncertainty. We are likely on the brink of metldown making an opportune time for a proper VIX spike. Actually thought it would have much more today, but I don’t think the magnitude of this mess will set in until...
Expect a retrace on the Dow as we broker through upper trendline.
Don’t get all excited bulls, but bullish for now; nothing more tasty for a bear than a bull trap. Today is absolute insanity all over again, be mindful of the upper trendline even if we blast through it as it looks like we just might. Expect a lot of chop chop chop with massive swings and volatility. Predictions for upcoming days are as...
Expect high chop on ES in upcoming weeks with larger and larger swings very difficult to navigate. I envision sideways movement this week and next. There is a lot of unusual activity up as a reaction from yesterdays selloff, but we are about to in a bull trap wave “3” up, but really potentially wave 3 down. Watch out for 5pm PST today, it will either be massive...
We are really pushing the limits of gold, way overvalued at this point IMO. Expect a harsh chop one way or the other at 5pm PST today, but longer term, it is close to time fo short. My predictions are as follows: 1-5-21 1916 1-6-21 1905 1-7-21 1898 1-8-21 1890 1-11-21 through 1-19-21 Flat line at about 1880/1890
Anticipating a dumping on gold soon…perhaps at close of market at 5pm PST / 8pm EST. Might be today, or it might be tomorrow, but that 1900 mark is an absolute magnet of a price. Whenever it may be, expect to head back there in the upcoming days.
VIX is likely to peak out this week and retract next. After that, I would anticipate late January to early March to be some of the highest peaks it will see this year. It is not a coincidence this will come after about a year from the initial COVD crash. Unsure of how high, but I would start getting in on it later next week before inauguration time and/or early...
We obviously blasted through the trendline on gold in a triumphant bullish fashion. The question now is, with gold slowly starting to run out of upward steam, where can we expect a retracement to? My best guess is the 1880-1890 range. Predictions for upcoming days: 1-4-20 1885 1-5-20 1890 1-6-20 1895 1-7-20 1897 1-8-20 1900 (cap out or close to it: this...
So we had a big drop, and wow that was fast, but not that we are oversold, do we continue onward and upward? Or, is this the beginning of the “Big Correction”? Probably somewhere in the middle, but it would not at all surprise me if this leads us to another ATH and the real correction comes in February or March. Take this more as a warning shot in a year...
Bottom trendline respected…for now.Until we meet again ole low. Do we continue higher or do we stop at the FIB? My predictions for upcoming days are as follow: 1-4-21 30315 1-5-21 30235 1-6-21 30170 1-7-21 30130 1-8-21 30120 TURNING POINT Slightly upward to sideways from this point to 1-15-21 when expected to start heading South again.
A TON of hidden bid volume I am noticing on the S&P mini. Selling off popping up as even the large amount of ask volume buys on the DOM. We may have a very rocky overnight, and this could be the first warning shot of a down turn correction. Be more cautious than ever I would suggest.
Boy that was a nice small spike, VIX, thank you for the appetizer. Mostly likely cause seems to be a sell off due to tax gains being taken in 2021 (new tax year). What's to come for the next course and when? I would expect another more powerful spike in upcoming months, most likely end of February or March when interest rates begin to rise and COVID effects...