One to Watch: DVN , 2/18/23 *(video coming...maybe) Potential Weekly stage 3 breakdown/ INT/LT trend reversal? Distribution since March 22': (courtesy VolumeLeaders) 15.8M @ $66.80 = $1.1B (39) 8.62M @ $74.90 = $650M (28) 10.3M @ $60.10 = $620M (53) 8.31M @ $68.50 = $570M (65) 10.1M @ $53.80 = $540M (24) (closed under spot on W basis) Is DVN a...
One to Watch- Index, Stage 1 Base. Mean reversion back to 120 WMA. Follows Vanna/Charm power week, now heading into week of Feb opex. 395-400 important potential magnet on downside? Potential for leptokurtic move to the downside into March? On a larger move down, 380 would come into focus?
One to Watch: DXY, 2/12/23 Potential succesful retest of LT monthly base break? Multi timeframe- daily back over 55d trend filter. Next move in trend getting going? Catalyst/headwind for equities?
One to Watch- Macro 30 WMA Trend hold/continuation. Speaks to secular inflation vs cyclical