My projections mainly for friends & tracking purposes. Rally into end of June before next leg lower? VXN
So we're coming into the end of the quarter. Funds need to reassure investors and hit their bonuses, I wonder if we don't see a second-half June rally like we saw at the end of Q1 with that March upswing. The pricing in these charts works out well with fibs (gold=retracement, green=extension), the 20ema's (daily/weekly/monthly represented on chart) and max pain...
S&P futures have been my go-to for macro plays, really accurate TA. The market seemingly loves to dump after three tries (maybe 4?) at a major resistance. Here's what I'm looking at, possible big move tomorrow aligning with non-farm numbers coming out before open. I believe we rally into the FED meeting after this, but it would make sense to re-test the breakout...
I believe Tesla will retrace to hit the anchored VWAP from '20 low, as well as the 618 fib from the same low, and these also align with a massive support trendline off of the log chart going way back. The timing of the current rally, Fed meetings and Tesla earnings are taken into consideration. Curious to see how this plays out, feel like this will be the last...
Somehow the VIX has been kept from a really significant upside move (>40) or any kind of spiking per se, but how long can it be contained? It looks like pressure building, this relief rally might just be the lull that primes the fuse. You would have to think that with everything going on that SOMETHING will trigger it during this correction (fed 6/15 and opex...
made a vid for a friend, thought I'd make public to get feedback (on the analysis, the vid's my first so take it easy! :) both amazon and the market as a whole are due for a leg lower but one that could occur in a stand-out fashion, befitting the historic significance of this moment from multiple perspectives.