cerealpatterns

cerealpatterns Updated 

tqqq is a big question because it is down a significant amount and a lead bear. if it turns into a lead bull here we could see 60% gains.

cerealpatterns Updated 

we are coming off the first weekly higher low at all time lows since the corona bounce. we havent had a major weekly bounce since then. id imagine if we do close this week somewhat lower, and trend down into next week its likely to send uvxy over 21. if SPX continues its daily bounce next week id imagine were headed back to all time lows UVXY 13 or less.

cerealpatterns Updated 

if the selloff picks up next week im expecting vix to head for overbought levels and reach one of three resistances trying to reach for the .382 of retracement from the corona highs

cerealpatterns Updated 

if we confirm this higher low it could lead to coming strongly out of oversold. if the result of the bounce is a bearflag the next support is marked out, and if the bounce moreso holds 13000 and breaks 13200 we could be retracing much further. niether of these work to change the daily downtrend. the daily could exhibit a bounce if we start holding 13350 and breaking 13550.

cerealpatterns

put/call is demonstrating that people are not comfortable going long in broader markets. at the very least it seems like its going over 1.4 unless something drastically changes this coming week.

cerealpatterns

as you can see the awesome oscillator for uvxy short volume is about to go negative. the last time this happened was the corona dip. when short sale volume plummets, a squeeze begins that sends uvxy flying. the logarithmic scale helps accentuate this divergent phenomenon. i expect this means we are headed for another leg down in indices. as we enter fibo time zone...

cerealpatterns Updated 

if we continue lower on the 5-15 minute id be in favor of ditching this bounce as long as we keep closing below trend regularity adaptive moving average 66 (TRAMA) as we are coming off overbought stochastics and making a lower high in price

cerealpatterns Updated 

the 15 minute seems like price want to fall back into the vwap channel and go for a touch of vwma

cerealpatterns Updated 

if were seeing vwma continue lower into the vwap channel and we resist at those levels the picture is still quite bearish for nasdaq futures daily. we could rally a few days and lose support, or we could stay bound in this attempt at a bottoming range and falter after some sideways movement. ont thing is for sure bulls still have a lot of proving to do, and theyre...