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I should have said 419 (high of previous rounding top on this chart, not the day!)

Now a much bigger reversal diamond perhaps? Could target 418.60 or so, then maybe hod. 

Looked like the rare continuation diamond until btfd kicked in at demand zone, lol. Nice patterns leading up to it today. 

As a reversion indicator, I’m

SPX low volatility Index

Posted by mschwand on 17th of May 2023 at 02:26 am

As a reversion indicator, I’m curious to see how this plays out against practically no downward momentum, lol. Seems different from other instances on the chart—anyone recall a similar situation? 

FLEX beat but didn't sell

Posted by mschwand on 11th of May 2023 at 10:17 pm

FLEX beat but didn't sell the news which is a surprise these days. I should have posted the wedge with mild divergence forming yesterday    in case somebody wanted to play it, but with breadth these days I'm honestly surprised it didn't dump and jumped 8% instead. Genuine volume too.  $23 is hard fought territory as per chart, but if it makes it above there might be some upside to a double top or so.

We can hope for the best. While this variant appears low-lethal (tho more contagious),  when your kid’s eyes look like they’re bleeding out it may not require any government intervention to disrupt the economy. 

Lol, and don't forget SCI (disclosure, I’m already long :-)

My natgas company actually sent me a message this week congratulating me for choosing floating rate, which they project to be cheaper than any available contract through the summer.  Can't remember that happening before, so likely some bargain prices forthcoming (if you've been practicing your knife catching :-)

Hint of the pinch setup

Posted by mschwand on 5th of Apr 2023 at 02:00 pm

Hint of the pinch setup here if it can hold up. (would have liked a little more volume on the original breakout)

I meant EWBC is on move down again

There she goes. Yellens comment sure puts pressure on the North end of that diagram.

Fwiw, CMA is very close to FRC on Burry's loss/uninsured deposit bank positioning diagram

We've probed both edges of the wedge--truth soon!

https://www.tradingview.com/          

I skipped the "free 30 day trial" and just created a free account with email/password. It lets me see what you can see here when you're signed in and click the link posted in the community earlier. GL!  

Watcdy, a free TV account lets me see the four time frames with limited indicators, and the Demark 9, 13, and As are viewable via the link Matt posted earlier. . 

Now I'm curious if Steve would think that's CTAs/algos trying to run the stops on your double top (there was definite divergence there)

tfp, and for longer term oilers it looks like a symmetrical move after breakout could target that June/22 high of 42.70

Tnx! Would you use it on weekly very often? Looks like it generated pretty accurate buy signals since March 2020 meltdown, and not much noise as well.

For sure, and is anybody hearing what wage hike pressures from demographic challenges (NA and China) along with reshoring/nearshoring industries might do in the future? Zeihan was guesstimating ~10% inflation by end of decade to reshore/nearshore, but admits he's no CFA. 

APPL likely propping things up...divergence on that last press down. Seems hard to break their optimism, lol

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