THIRD REBOUND OFF SUPPORT: HOW SUSTAINABLE?
VIX is better analyzed on the D chart, as opposed to longer time frames.
On this time frame, the volatility barometer has completed a triple-bottom.
It now looks ready to rebound off its support at 13.50, a long-awaited event.
Meanwhile, SPX is indicated below its 2,820 resistance, for the 6th consecutive time.
SYNCHRONIZED MOVE TO THE DOWNSIDE?
Market direction is still up as we speak. However, a synchronized move is unfolding which suggests that one should be even more caution on the SPX, until such weakness is reversed.
- NEGATIVE: SPX Index down even after dovish Fed, in increasing volume
- NEGATIVE: Weakness in US Small caps reveals lack of breadth
- NEGATIVE: Volatility up in increasing volume
- NEGATIVE: Gold up in increasing volume
- NEGATIVE: Oil up (negative for stocks)
- POSITIVE: Dollar down (good for exporters)
ACTION?
Recommended action from here is unchanged and confirms my previously published ideas:
- Tighten stop-losses on favorite live positions
- Raise cash for more firepower if/once uptrend resumes
- Stay long / increase long positioning in volatility (see below)
FOR THE COURAGEOUS TRADERS
Trading VXXB can be quite rewarding but is tricky as it requires active trading/monitoring
Buy VXXB here with a stop at the recent, 28.25 low
VIX is better analyzed on the D chart, as opposed to longer time frames.
On this time frame, the volatility barometer has completed a triple-bottom.
It now looks ready to rebound off its support at 13.50, a long-awaited event.
Meanwhile, SPX is indicated below its 2,820 resistance, for the 6th consecutive time.
SYNCHRONIZED MOVE TO THE DOWNSIDE?
Market direction is still up as we speak. However, a synchronized move is unfolding which suggests that one should be even more caution on the SPX, until such weakness is reversed.
- NEGATIVE: SPX Index down even after dovish Fed, in increasing volume
- NEGATIVE: Weakness in US Small caps reveals lack of breadth
- NEGATIVE: Volatility up in increasing volume
- NEGATIVE: Gold up in increasing volume
- NEGATIVE: Oil up (negative for stocks)
- POSITIVE: Dollar down (good for exporters)
ACTION?
Recommended action from here is unchanged and confirms my previously published ideas:
- Tighten stop-losses on favorite live positions
- Raise cash for more firepower if/once uptrend resumes
- Stay long / increase long positioning in volatility (see below)
FOR THE COURAGEOUS TRADERS
Trading VXXB can be quite rewarding but is tricky as it requires active trading/monitoring
Buy VXXB here with a stop at the recent, 28.25 low
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.