Let's see if Powell blows enough hot air tomorrow to keep this balloon afloat! I'll be munching my popcorn from the safety of the ground B). Do you see the pattern?
Shhhh... it's okay, it's okay... just let it happen. The harder you fight, the more painful it's going to be. Better get your shorts in now before the programmatic selloffs kick into gear ;). Indicators ready to pop and we have the perfect catalyzing event. Bout to ride this bear to the bank... YeeHaw!
We're on the steepest uptrend in this whole irrational bull market since September 2017. Yesterday ended exactly on the 5 year (roughly average) trend line and possibly started the bounce off and reversal today. Not only that but it also happens to be the exact center of this latest upchannel. Price stretching harder, higher and steeper to try to keep up!...
Many of my fav TView data bears closed up their short positions last week, just a few of us hardcore bears left on here. A substantial crash is still the most likely outcome this month. There's just no data to support steadily increasing prices all month. Bulls would have you believe we are in a post-data market where nothing matters and that the market is...
Lots to love today. We finally got the upside trend breakout we've been looking for for two weeks now haha. 1st bar today punctured channel and closed exactly on the support and second bar brought it home for us. As promised, I did reup a little here on all my short positions based on that breakout. This is a small but critical TVIX milestone for all the...
This is a joke of a bull run. SPX, VIX and TVIX should not all be setting new local highs together lol. Gonna be a weird week I'm sure. Please have more faith in my yellow channel line than I did, once it breaks that line and holds I'll be upping my position further (strong trend change signal). Until then in holding pattern. Price floating around between...
Very little market hours upward movement. Vast majority happened in overnight gapups. 73% in the DJI according to @Dr_Roboto... If market slips even a little, the whole thing could come toppling down!
I'm not invested here, just trying to track my sleeper SPX short signal! Not even sure how these indicators play outside stocks but lets find out :). ADX sitting pretty for a strong trend change. MACD already signaling it. DPO and ROC set to spike up. RVI tends to be a leading indicator for RSI and this is a kind of divergence I've never even seen in stocks but...
In hindsight, I should have had more confidence in my original bottom support and waited for better value or clearer signs of breakout (i.e. crossing $160). The last time the Stoch RSI lines both held at zero (rare but more common with velocity inverse markets) was when TVIX was $40 a few days before the crash. If TRIN spikes back up to >2 again next week, we'll...
The market survived another day by the skin of its teeth.
ROC not fooled anymore, flipping back to hard sell. RSI hard sell and downtrend signal right now, RVI drop leading indication for more RSI drop, more divergence the better. RVI called the June 4th RSI support cross fakeout but is under RSI now meaning an RSI support break will likely lead to a stronger downtrend. MACD cross with plenty of downward space. ADX...
I've been telling everyone to wait till Friday all week so lets see if I know what's up or not. If not, oh well, may be a week early haha. Love the setup here though... everything pointing to downtrend. Downtrends lead to panic and panic leads to crashes when economy is on a wobbly foundation!
Alright guys another successful day! But wait... SPX set new highs!? AHHH time to meltdown and unload everything! Not exactly. New SPX highs should be followed by new VIX lows and ESPECIALLY 2x TVIX lows in a proper bull market. This has yet to retest May 12th low and is sitting halfway between two major supports and just under the diagonal support and within...
Haters already comin outta the woodwork! That means we're on to something guys B). Apparently setting a new high by a few points is proof that this market is about to sky rocket and all the bears are big, poor losers... oh poor me :(. Very interesting data point we have there. Lets see how the hopes and dreams investing strategy works out for ya lol. Living...
I guess lets wait for next week and see if I'm right. So far I had expected it to raise a lot higher by now. I think by ramp projection is a week or two early maybe but I still think we've seen the bottom until we cross the red-line at this point. Not much to do but wait. I'm loaded, plenty of room if it spikes to 3200 too. Probably worst case before crash, if...
Walking right into the kill zone. POC should pull the price up along with this news cycle turmoil for the next couple weeks (starting tomorrow guys!). Here's the treasure map: