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With this sell off. SPX broke the symmetry from 2020
Posted yesterday. If W fails then drop will be equally
bad...Expecting 3700 soon.
or Alrernative if it breaks 3900 with conviction
SPX still within channel. Yesterday after hours tagged the down
Decision time like 2 other times when it broke the support
Vix at crucial point in the current upward slope...
From a Reddit Post ....SPX weekly 2008 vs Daily 2022 Correlation
is close to 90+% since sell off.
This is still end of Feb Chart. With today's sell off it is on
its path more pain down in next couple of months
Vix closed outside the BB on Daily...and in hourly broke this
channel. All depends if this is valid
JPow will scream if you say 233 !!
Vix still within in channel
SPY Reached the Measured move up from bottom...
Too many targets to downside after breaking 420 with strong
First question - will it come and test 420 before going to any
of these targets
First will be symmetry from 480 to 420 move of 60 which leads to
next will be break of 460-420 channel which leads to
Then there is this long term symmetry from covid crash and also
38.2 fib retracement around 375-380ish
Vix There was no divergence yesterday...
Divergence on VIX to SPX...Vix Lower High while SPY lower
How do you get the latest news update. which source do you guys
I was just going through some big trades on indexes for open
interest/ volume and this one popped up and it happened right
around when SPY bottomed.
BUY +35,065 SPY 100 (Weeklys) 4 MAR 22 452 CALL @1.11
This trade was executed at 13:18:58
Does this big transaction of almot 4 million dollars mean
anything. I looked up at other trades prior to that and lot of
activity went for same calls from 1315-1318pm. By end of the day
452c total volume of 64k(open interest was less than 4k)
Can this be another inverted H&S on SPY?
SPY 60 min
FYI..Fed Bullard speaks at 11
Hi..can you please cover Gold, the move on Friday was based out
of news but there is still more resistance at 1880/1920/1960 for
any meaningful move. I know you covered last week saying you are
expecting a move down before a move up, But I want to hear your
thoughts again if possible in the newsletter.
VIX broke symmetry on hourly chart.
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