bond market and worsening economic conditions signaled trend change
we started downtrend on daily early Jan/22- series of lowers lows and lower highs
we also below ichi cloud that confirms downtrend
for downtrend to continue we need to sell off before 457
we had a rally after every fed meeting this time was not exception. Besides we formed a falling wedge on daily before the fed meeting. Were are forming a rising wedge on hourly now.
The vix has some support at current levels and ROC indicate that vix is short term oversold somewhat. vix ratio is not oversold yet but considering we are not in downtrend maybe it does not matter.
if you follow max pain theory then the likely number for Monday is spy 435.
put/call ratio is bearish. Contango is 1.6% vs usual 9%
without economic conditions improving (for example GOLDMAN SACHS FINANCIAL CONDITIONS INDEX), it does not make sense(at least not to me) to break out of this downtrend.
They printed money for the last 15 years because there were many economic problems(low money velocity) that could not be resolved in another way. Can they resolve it now? Will they continue printing?
unfortunately there are not too many good options for people to park there money(tina) so markets looking for every excuse to go up
I'm long commodities, cash and will take small short positions along the way, will go long if I see capitulation in markets (volume selling)
we started downtrend on daily early Jan/22- series of lowers lows and lower highs
we also below ichi cloud that confirms downtrend
for downtrend to continue we need to sell off before 457
we had a rally after every fed meeting this time was not exception. Besides we formed a falling wedge on daily before the fed meeting. Were are forming a rising wedge on hourly now.
The vix has some support at current levels and ROC indicate that vix is short term oversold somewhat. vix ratio is not oversold yet but considering we are not in downtrend maybe it does not matter.
if you follow max pain theory then the likely number for Monday is spy 435.
put/call ratio is bearish. Contango is 1.6% vs usual 9%
without economic conditions improving (for example GOLDMAN SACHS FINANCIAL CONDITIONS INDEX), it does not make sense(at least not to me) to break out of this downtrend.
They printed money for the last 15 years because there were many economic problems(low money velocity) that could not be resolved in another way. Can they resolve it now? Will they continue printing?
unfortunately there are not too many good options for people to park there money(tina) so markets looking for every excuse to go up
I'm long commodities, cash and will take small short positions along the way, will go long if I see capitulation in markets (volume selling)