I dont think we will see much lower today but form a shooting star on daily. So far broken above the upper channel and the ES tested it from the top. Im going to watch this level and comeback before the close.
- VIX gave a long signal and short signal for the markets, same as we had on the 29th of July. Tomorrow we have a directional change as well as Fri with clear low on the 16th. I would like to see a good move lower starting tomorrow or Fri and a gap down on Monday. Volatility spike on Monday supports my view on this possible outcome. And then reversal day on...
ES broke the uptrend small channel off am lows, good sign there. Its also jumped out its upper bull trend channel, must watch for possible fake out. If it means business for the bulls, I will trade the re-test of the trendline in am. If you look at the chart, you can see that we hit 1.618 to the penny and the price is hovering right at the extension zone. I say...
VIX will start moving in Sep. Im not touching it till EOM or 4330SPX+ We got another VIX long signal with the close, same as we had on July 29th Ideally it wont make a lower low from Apr 4th, it was 18.45. A gap up tomorrow is possible. Going to do my homework, was an amazing wake up opening for me with both NQ and ES longs since last night, didnt trade much but...
NQ is below 200MA, recent high is a main resistance going forward Resistance 13068
Im watching 3992 and 3938-40SPX zone for a possible support zone by Aug 16th. Should stay below the broken channel and gap down tomorrow
Posting from my phone, not sure if the picture will be normal looking or squeezed. Must watch sone here, bulls must defend it, long with a stop below today’s lows. Bears must break the line and short on the retest of the broken support Same support levels as they were in my last SPX update
Didnt do a weekend update, was no point, nothing new since the last updates. NQ hit it's resistance cluster I mentioned before, SPX did as well and even exceeded a bit, but now way below it. Resistance cluster is at 4160-77SPX, where 68 is the maj resistance on closing level Im going to watch 3992 and 3938-40SPX level for the support to hold and a push into EOM...
VIX expecting to trade in high 50s-60s at some point this or next year. Its a long play, will start buying it end of Aug/early Sep
BTC can spike up into my 25200-28000 zone and then reverse with the markets down. When will it start moving I dont know, its in its own bear market cycle, dont expect this to be over till at least sometime next year My thoughts are these: - move up into the resistance zone of 25200-28500 - down to 14-15k - up back to 18-20k - Final 100% extension into the 10-11k...
This is what was sent to those who are on my email list. I have 2 pathways going into the mid of the month. - 5 waves up, then the 4th wave should be limited to 3930-40 and might even get to 3985-92 only. 3910 MUST hold on any test for this count to be alive. It means next 12-13 days will be less volatile move lower and limited. - Much deeper B wave down to...
Not much to add, didnt trade today, didnt miss much. Im flat at the moment except few ES under the water shorts (I always have long term runners and only have 30MNQ going on the long side against 20MNQ short; no more long term ES, more on the short side, all long term holds, as Im fine to take a heat on some) Will be shorting tomorrow am if we get any higher,...
NQ went down into the upper trend channel into the close, fake breakout imo. This move should be over tomorrow if it was not today. My turning day is 4th on SPX and DOW. There are 2 targets I have on the downside and I favour second more then the first one. - 12500 - 12075 The low should come on the 15-16th and one more rally into EOM or early Sep to finish the...
While ES has a different look then the NQ, NQ is hitting the top of the channel, Maj support is at 12610-20 now
Im on the sidelines for now. This can turn any time, the window for the high is today/tomorrow There is a good buying volume here, so no shorting
3rd time is a chart or another lower high? Im slightly short NQ at the highs with a tight stop, it made new highs while SPX is lagging with lower highs, not sure that is leading here. If SPX will breakout, I will flip long. So far short is a good R/R here with an ideal target at 4072-78, expecting the low to come tomorrow and another squeeze into the 8th high
Going to short the next bounce with a stop above the channel Seeing signs of topping pattern, still can press higher, but SPX is lagging behind with making lower lows
Im watching 4072-78 zone for this am, holding that zone will push the price up from its bull flag. Im flat and have a slight short ES position, will assess at the open, will go long in 4072-78SPX zone If holding the bull flag structure, the target is 4200SPX