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Steve - isn't the $VIX looking like it will give a buy signal
today - so far?
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What on the VIX ?
Looked like it might be giving a buy signal today - at least so
Buy signal for what exactly? The VIX bounced back into
initial resistance yesterday and is now pulling back again.
Based on the comments on your own BPT chart. I guess that would
be a $VIX buy and a market sell.
The lower close you highlighted would be in reference to a
a VIX has moved above it's upper and then reverses down (creating a
buy for the SPX). The buy and sell relates to the SPX not the
The VIX is NOT below it's lower BB today - that occurred a few
days ago and led to the market pullback.
Steve, I really commend you guys for keeping us on the
long side though you believe markets will eventually go down. I
have quite a few subscriptions and some of them are super bearish
and still kept recommending only short ideas. Thanks again for your
Ditto, I would have panicked out of my longs on that earlier
today pullback; but, I kept repeating to myself, "I believe Steve,
SPX main target zone is 4170s for today
Thanks arun - this rally has nothing to do with improved
fundamentals, it's simply a rebalancing of trader's positioning
after getting off sides.
Ok. Sorry. I guess I'm misinterpreting the signal steps then. I
numbered them on the chart based on the three steps. Perhaps they
need to occur on three consecutive candles.
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