Vixtine

Vixtine Updated 

Monthly charting similarities between the SPX, at months end, April 2022 vs. the NDX during the dot.com bubble burst. All time high price-check Monthly gap/s created after the break out from the 4-5 year trend line-check (purple line) Monthly closing below the horizontal support to make it look like a confirmed H&S pattern on the monthly-check (orange...

Vixtine Updated 

Has anyone looked over the TSLA Balance Sheet (B/S) they reported last week? If so, can someone explain why Accounts Payable (A/P)/Accrued Liabilities rose 59.3% and Inventories rose 62% YOY? As a prior CPA, I know the B/S is perhaps the the most important piece of paper to review when when evaluating a company. I'm very perplexed by the changes in these two...

Vixtine Updated 

The weekly chart on the ES is in the process of forming a possible megaphone pattern which might indicate a possible topping of the US stock market once 4 has completed. Most traders know that from Jan 2018 through Nov 2020 the ES was in a very large megaphone pattern until Dec 2020 when it broke out to the upside of this pattern The reason I say this might...

Vixtine Updated 

When doing my monthly analysis on the ES I noticed that the 55 EMA is beginning to cross above the monthly Kijun (or Base) Line for Ichimoku. I thought this was interesting so I began to research other times this has occurred and have come to find that a similar situation or set up does not exist. (For those wondering, I use the 55 EMA vs. the 50 EMA because I...

Vixtine

Anyone who thinks they know for sure what's going to happen in this market should follow price action very, very closely. TNX just closed the month of March by very bullishly crossing the monthly cloud. Since the 1980's interest rates have been in a down trend. TNX could have crossed the monthly cloud bullishly on a couple of occasions but it never had the...

Vixtine Updated 

April Fools Day is right around the corner. Anyone foolish enough to think NQ, on this date, will close over 15,200? Call me foolish but I have a high conviction this price point will be met by this date. Should this happen momentum or the lagging span (within the rules of Ichimoku) will be above price on the weekly close which could create a squeeze the...

Vixtine Updated 

The cash VIX at the end of June 2021 found very strong support at 15 and could not close below. Since that timeframe we've seen higher highs. Since Nov 4, 2021 the cash VIX has made higher highs and lower highs and is therefore in an uptrend until we make a lower low. The VIX uptrend can also be seen when zooming out on the weekly and monthly chart. Yesterday,...

Vixtine Updated 

The ES is and has been the leader and it's giving us a Monthly warning sign... The thin red line on this chart is the monthly Tenkan Sen (or Conversion Line)...as of today we closed the month of Feb below this line. Upon studying the ES on a monthly basis from 1998 you can see that 10/11 times this happened the following month/months will either re-test the low...

Vixtine Updated 

I've read a lot of articles recently comparing the 2018 Fed QT cycle to what is happening currently so I thought it would be interesting to compare market patterns. I am mostly interested in NQ because it is creating what appears to be a very clear expanding triangle on the weekly and if this is the case it could explode into one crazy squeeze to bring NQ to...

Vixtine Updated 

This is the monthly chart of CL futures. Will history repeat itself? Back in April of 2000 CL set off a monthly bearish spike alert and around that same timeperiod NQ & ES made there last ATH's until Sept 2016 & April 2013 respectively. The long term non-horizontal monthly trend lines (blue lines) also look eerily similar. The blue lines run along the monthly...

Vixtine Updated 

Everyone is calling for Apple to hit $200 but it won't get there this month and my predication is that it doesn't get there in 2022 either. The chart above shows the monthly timeframe which provides a solid technical analysis viewpoint. Notice how the 5 year range that was created from 2012-2017 has shown Monthly Resistance over the last 15 months of trading. ...

Vixtine Updated 

All Indices are in the green pre-market...the VIX gaps up 3.04% to open the week at 19.29. Very Eerie....

Vixtine Updated 

On April 21, 2020 the VIX closed at 45.41, the next day the VIX could only reach a high of 45.07 thereby creating a very small gap between 45.07 & 45.41 that has yet to clear. Below is the weekly overview of the VIX. I typically don't like to give too much weight to non-hortizontal lines however in this case it is necessary because we have a descending line &...

Vixtine Updated 

The smallest timeframe I like to use for swing trade analysis are the 2hr timeframes. We can see that TSLA is running into sellers at the 50% re-tracement level. We know MMs can run stops on shorts before quickly reversing. Since it looks like the 50% level is showing some resistance and we have what appears to be an island reversal, a short set-up has formed...

Vixtine Updated 

On Nov 4th I wrote this post but it got removed from TV on Nov 8th as I violated House Rule #2-Content should be free from any mention of social media...OPPS my bad! Since it got lots of comments I thought I'd re-post upon my return from Mexico. Here it is again without violating TV (I hope)... If you were long & wanted to hedge OR were brave enough to short...

Vixtine Updated 

Watching the VIX is extremely important right now and might give us clues as to where the stock market is heading next. After the bearish Sept close I studied the VIX the weekend of Oct 2nd to figure out if the stock market was going to "crash" in October since we ended the month with a bearish engulfing candle on SPX . The VIX also created a monthly bearish...