I set my Stochs to

    VIX a 3rd day below the lower BB now

    Posted by patellee on 1st of Sep 2023 at 07:07 pm

    I set my Stochs to Length: 22, Up: 2.8, Down -2.2.

    With those settings VIX is yet to close outside the lower BB yet.

    I see a small gap 4578-4596.  I expect that to close Tuesday/Wednesday next week at which point I am going to cash.

    On /ES, we have an expanding triangle which usually has 5 waves and I see the fifth fave just kicked off today and will likely complete next week.

    Nice view - I call

    Posted by steve on 2nd of Sep 2023 at 10:04 am

    Nice view - I call it the Dragon pattern (could represent a larger degree abc expanded flat - let's see what unfolds next week).  Also mindful of an abc decline off the recent high (small HS top).  Will simply play a valid trigger. 

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!