Might still consolidate into early next week It's a full Moon tomorrow, and markets like to top or bottom at or near the full Moon. We def got the high here today and yesterday.
UVXY HOD Something is cooking, tomorrow will be fun!
Im not participating in this, Im swing short with SQQQ and will be buying SPXS at the close. Looking for a move down into the mid of the month and another leg up into Mar OPEX
I was expecting this move, it came on time for the Fed day catalysis. If you look at smart vs Dumb money as well as overbought conditions and negative divergences, you can see that this is a fakeout move, which happened many times in history. I had a very important update last night, and will be doing a follow-up tonight.
We have successfully shorted on Fri and covered on Monday pre-market. This is the chart I updated last night, the AH's session support was held to the penny, and now it's in the resistance zone. It can extend to 12200, when SPX has a strong resistance at 4065-70. It's a month-end close today, so it is very important to watch if it closes above or below Nov...
Its just a matter of time, and that time is coming up very soon! We have very successfully shorted Fri close and covered in pre-market today!
Only a week and we are here! Its Friday, don't give your money back today! If green take it and enjoy your day! Have a good weekend
RTY chart, held support where it had to, at the must-hold resistance now There is a pathway for the overshoot/fake-out move I mentioned before; there is time till the Fed meeting. Its at a perfect r/r for a swing short. I might post one more chart tomorrow. Good night
This was the title of the last update, which got deleted by the tradingview: "SPX can still make a higher high next week - Jan 19th update" I cannot attach the image but will post it another place, look for info under my bio Since I get banned not even mentioning a site, I will post here only 1-3 times a week. I don't want to waste my time on bringing business...
Look at the VIX chart here; we are again in the VIX 18th zone. In 2022 it was an excellent indicator to spot the bottom; it works during the bear markets only! So if we are still in a bear market, it should bounce from the 18 level hard and Indexes to fall. If we are entering a bull market, this setup can fail right here. I doubt it will fail until we see Q1 lows...
I hope everyone is having a great weekend. RTY is in the bull channel all week, similar to NQ’s rising wedge. As you can clearly see, RTY is way oversold on the 4h chart (MACD, RSI); this will get a strong rejection of the next resistance zone imo Looking at the cycle,s we still can push into Tuesday am open to test the major trendline around 1915-18 (depending...
Here is a quick update for those who follow my work and are not on our new site yet. It's a critical turning point here, going into the CPI report, so I want to share my thinking, and hopefully, you won't get trapped regardless of tomorrow's am outcome. I'm doing a more detailed analysis, but I will post a short version here. First of all, I pointed out last...
Im not currently trading RTY, but it has the weakest structure out of 4 bog indexes. With the today's rally, RTY rallied the lest compare to the ES and NQ, where ES was leading on the upside, while NQ gave up less when it started to sell For those who trade RTY, there is a great short setup is setting up
The price is above Monday's high, which suggests one more push going into the CPI numbers I have mentioned also in my SPX , NQ and ES updates about the possible inverted OCT 13th CPi release move tomorrow. A Gap and Crap full report was posted last night and updated today
I will leave an SPX update for the other site. But here is a sneak-peak of what I expect going into the CPI release on Thursday and next week Enjoy, and don't get trapped in case we really spike up on CPI numbers on Thursday and crap from there. And don't blame anyone if you are short and get stopped on CPI release or try to chase the market and go long on...
A rule of 2 gives a perfect VIX long setup into Q1 on 2023 rally. The markets are not over with the downside and VIX didn't get even one bottoming signal in 2022. It was intermediate bottoms, but no panic Im going to add more VIX calls, Apr expiration this coming week. Its in consolidation mode and should end soon with the breakout
Still, in a bear flag to me, the next few months will be big!
Was looking for at least 1st target to get hit on the upside, and it did. Also am support held where it supposed to Going long on higher low soon Setting up a bear trap here imo