A critical test for the market is coming up - SP500 futures looks ready to test the Anchored VWAP confluence area This area is the intersection of Anchored VWAP from All time high and breakout of pre-covid high. How the market behaves once this breakout is tested is critical for the current upswing
#ES1! is close to a retest of the Anchored VWAP from All Time High and Anchored VWAP from breakout above pre-COVID high. How the market behaves at that point will be critical to future direction of the current upswing
Ratio between IWC ( Microcap ETF ) and DIA ( Mega Cap) - picked this up from a presentation by Gundlach of Doubleline Funds. A good gauge of risk appetite. You can clearly see the blow off in Nov 20, Last Hurrah in Nov 21 and where we are now.
Example of setup using Intra day trading tools. The setup uses price action pivots.
#AAPL has turned bullish on Weekly. Note it held Relative Strength during 2022 downdraft. What happens to AAPL from here would be a good tell on the market
The 2 year old shows a very clear alignment with growth of NASDAQ 100.
We have seen this movie before. High yield bonds work as a good proxy for risk-appetite in the market. Using a simple trend filter, we see clear warning signs developing. Question is - how far will this go?
Eurodollar futures have declined almost a percent since the start of 2022. Refer to the product note: www.cmegroup.com And here is a link explaining this interesting development :https://www.reuters.com/business/finance/eurodollar-futures-market-betting-hawkish-fed-could-ease-rates-slightly-2024-2022-02-18/
The VIX curve remains in Contango. There does not seem to be short term fear. Compare the picture in areas within yellow sqaures
Exit for all the trades entered using Patternz Breakout - traded using option
Using the new TECHNICALS on Tradingview. Added the MA and Oscillator versions separately . MA version shows the trend, entry exit signals being my own strategy and Oscillator version shows the retracements in the trend.
AMEX:SPY Trail still holding but seems to be flattening out
Divergences showing up a lot but trend has not changed
This signal last triggered last year...rising correlation seems to be reversing now @RonaldoSantos - comments?
@ES is above @ ATR Channel weekly. Overbought can always become more overbought but indices dont stay up there for for long
Pretty strong divergences had shown up using top 4 SP Sector ETFs as custom index at the open, trade signal was the changes in zero lag MA and MACD