Never underestimate Wall Street.
Although there is a clear break in the Absolute Correlation between
the VXN & NQ as there is in VX as a Complex... one which can easily
be observed... it is irrelevant, as the Trend Itself will re-assert as Price
begins to clear VIX Roll into a settlement next week.
Wall Street is positioning now.
As we continue into a very heavy MAcro Data Week beginning Wednesday
with the FOMC and Jerome and his Minions posting up the Blah Blah and
Yada Yada - Yoda routines... the Smart Money isn't buying it.
We see the NQ's reaction with the VXN substantially lower than Friday's
lower range while Nq's Price is struggling the 50%.
Divergences are very clear and why we maintain the 200SMAs will be tested
and Ultimately Busted - after the Potential for a 200SMA bounce and countertrend.
The Bots are running wild again competing on both TF's - there is a very real
struggle to continue lifting the NQ which is having difficulties...
We are SOH and waiting to see what shakes out.
We have closed our NQ Longs off 703 @ 777.
Although there is a clear break in the Absolute Correlation between
the VXN & NQ as there is in VX as a Complex... one which can easily
be observed... it is irrelevant, as the Trend Itself will re-assert as Price
begins to clear VIX Roll into a settlement next week.
Wall Street is positioning now.
As we continue into a very heavy MAcro Data Week beginning Wednesday
with the FOMC and Jerome and his Minions posting up the Blah Blah and
Yada Yada - Yoda routines... the Smart Money isn't buying it.
We see the NQ's reaction with the VXN substantially lower than Friday's
lower range while Nq's Price is struggling the 50%.
Divergences are very clear and why we maintain the 200SMAs will be tested
and Ultimately Busted - after the Potential for a 200SMA bounce and countertrend.
The Bots are running wild again competing on both TF's - there is a very real
struggle to continue lifting the NQ which is having difficulties...
We are SOH and waiting to see what shakes out.
We have closed our NQ Longs off 703 @ 777.
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.