trepidity

trepidity

Day after day, I find that these levels matter in a big way. From what I can tell, during the OpEx, normal levels will work, but as soon as the market is open, the SPX and QQQ options levels drive everything.

trepidity

This is a projection I drew last year. Who knows, but it's kinda cool to see if it will really happen.

trepidity Updated 

This pattern is a very bearish pattern, and to be on the daily like this, there is a big play to the downside. I have seen this pattern playout over and over. 180 is my target, and the more I look at it, the more I think 111.75 is the final target. Hum, not sure how to update the chart with new lines. sigh. here's the updated version.

trepidity

BTC has touched a previous key level at 44,000. The rising wedge, in a bigger downtrend. DXY is bouncing, Rates have just touched a level support. We have big news net week.

trepidity

I barely know what I am talking about on this topic, and for sure have no clue if I am right or wrong, but from this SKEW chart, it's the lowest it's ever been! PUTS should be insanely cheap. Meaning, the market isn't pricing any downside.

trepidity

This chart seems to tell a different story than the SPX. I don't see a cup and handle, but liquidity just above us. Also the McClellan Oscillator is close to the extreme.

trepidity Updated 

Bonds have taken a breather, but it doesn't seem like the overall trend has changed. ZB has been in a downtrend, the bottom hasn't been retested. I don't think the bottom is in, from a overall trend. If the bottom is in, it hasn't been tested.

trepidity

It may be an ugly, one, but in another sense it's a textbook cup and handle. Money flow and momentum charts do not show any slowing, if anything, everything is building to the upside. I would be very surprised if this did not breakout to the upside.

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This is a small snapshot of the volume profile on the 30 minute, but the large view says higher, I believe, and in the shorter fractle, I believe this shows why. We have higher VAH, we are above POC, and we have cleared previous areas of volume.

trepidity

Using the NYA and the mcclellan Oscillator, it seems that we could get some consolidation before the next move higher or lower.

trepidity

Since Jan 4, crossed to the bullish side. The McClellan Oscillator on the NYA, crossed bullish on the daily and weekly.

trepidity

McClellan Oscillator using the NYA. Multiple confirmations on multiple timeframes.

trepidity

I put together a chart that shows the Skew Index, with the SPX, VIX, advancing-declining issues, and Put/Call Ratio.

trepidity

A lot of other market stuff going on, which could make this impossible. But could there be a cup and handle. Also, we have tighter patterns. We also know the fundamentals are still good.

trepidity

T-Mobile didn't drop with AT&T or Verizon, but the chart looks like it could. Earnings in 4 days.