If we get a retrace this is these are the levels I look at
See if we can get any reversal candles around the resistance area
This area will be blasted away the moment a Greek deal is announced
Both the CBOE Skew and VIX in the save zone , especially the Skew indicates that the pro's anticipate some kind of deal
Resistance area above with extra focus on the bottom and top levels for quick scalps
Gold consolidating near the lower part of the monthly Fib zone. Rising interest rates wont help the gold price. Gold would be a great buy if it manages to get into the Gann zone sub $1000. Time will tell
Sideways neutral action in oil. Supply glut vs Saudi Peninsula war premium .
DAX going outside BB , ConnorsRSI oversold and the 2 day accumulated RSI2 <20.....statistically it would pay to buy evry lower close the coming 3 days...
ABCD down pattern into Gann support area could result into Turn-a-round Tuesday if the Euro loses strength...set alerts on levels if you are a quick scalp player
ABCD pattern meets a Gann support area we could see a tuurn-a-round Tuesday ...Fast scalpers can set alerts on the levels to trade them as bounces with tight stops .
Looks like an ABCD pattern down in the making
Looks like VIX downtrend has been stalled for now
I little plain vanilla trading system described by Gerald Appel the inventor of the MACD is his book "Technical Analysis: Power Tools for Active Investors". Just accumulate the 3 ROC's buy when the sum >4 ,get out when the sum is <4 ...maybe we need another 3 days for confirmation but definitely watch your 6
The pro's (SKEW) vs Joe six pack (VIX)......... CBOE SKEW Index values, which are calculated from weighted strips of out-of-the-money S&P 500 options, rise to higher levels as investors become more fearful of a “black swan” event — an unexpected event of large magnitude and consequence.
Could we say somebody is accumulating here? Lots of option activity as well.....time will tell