I've been following the US markets closely the past few weeks, and have noticed a lot of volatility and resistance within the price action of the 
SPX and $DOW.
Usually, Volatility derivatives, such as
VIX, 
UVXY, or even $XIV, tend to also move appropriately as well. UVXY is shown here, which is the proshares ultra short, tends to have the highest degree sensitivity towards any market movement. It's a very short term product, due to its aggressive time decay, which means TA on the long term is usually inconclusive. However, it's showing some interesting signs short term, such as this bullish downwards sloping wedge.
Furthermore,
SPY is showing rejection at the 1.61 FIB, with a bear divergence forming since the beginning of the year. This bear divergence is confirmed in RSI, MACD, and within the price action.
It's interesting to see that the technicals of these two financial products confer with each other with the possible general direction of the market.
This is neither a suggestion to long or short, just an overall analysis of the US market.
SPX and $DOW. Usually, Volatility derivatives, such as
VIX, UVXY, or even $XIV, tend to also move appropriately as well. UVXY is shown here, which is the proshares ultra short, tends to have the highest degree sensitivity towards any market movement. It's a very short term product, due to its aggressive time decay, which means TA on the long term is usually inconclusive. However, it's showing some interesting signs short term, such as this bullish downwards sloping wedge. Furthermore,
SPY is showing rejection at the 1.61 FIB, with a bear divergence forming since the beginning of the year. This bear divergence is confirmed in RSI, MACD, and within the price action. It's interesting to see that the technicals of these two financial products confer with each other with the possible general direction of the market.
This is neither a suggestion to long or short, just an overall analysis of the US market.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.