Posted by kevindeng0727 on 19th of Jan 2022 at 04:16 pm
Yea definitely feel like Steve's wave 3 of 3 scenario. $VIX is
really low considering $compq already -10%. Usually $VIX 35~40 will
be a good capitulation level for pullbacks of this magnitude.
may be that explains why vix is not too high, both qqq and spy
are at 3 standard deviation low, a place where they both turn up
the next day in the past
this is puzzling, you would think puts should go to the roof,
with new lows greater than new highs, and qqq below lower
trendline, but qqq is close to 200dma. This is typical stage 3
top.
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Appears we're still waiting for
Posted by fredsaid on 19th of Jan 2022 at 04:13 pm
Appears we're still waiting for the flush and spike in VIX / FEAR ...
Yea definitely feel like Steve's
Posted by kevindeng0727 on 19th of Jan 2022 at 04:16 pm
Yea definitely feel like Steve's wave 3 of 3 scenario. $VIX is really low considering $compq already -10%. Usually $VIX 35~40 will be a good capitulation level for pullbacks of this magnitude.
Risk reward not great now
Posted by steve on 19th of Jan 2022 at 04:31 pm
Risk reward not great now for shorts - on lookout for a bounce
may be that explains why
Posted by sydney on 19th of Jan 2022 at 04:37 pm
may be that explains why vix is not too high, both qqq and spy are at 3 standard deviation low, a place where they both turn up the next day in the past
marked 2 std previously where
Posted by sydney on 19th of Jan 2022 at 04:47 pm
marked 2 std previously where spy bounced (and currently it is there), same for qqq
this is puzzling, you would
Posted by sydney on 19th of Jan 2022 at 04:22 pm
this is puzzling, you would think puts should go to the roof, with new lows greater than new highs, and qqq below lower trendline, but qqq is close to 200dma. This is typical stage 3 top.