Bearish Signals Abound: IWM, SPX, VIX and SPY Under Pressure

1. $iShares Russell 2000 ETF(IWM)$

That 50DMA better holds, losing that level usually brings deep declines.

Seems that the weekly bearish setup was delayed a week given the $GameStop(GME)$ euphoria.

Image

2. $S&P 500(.SPX)$ & $Cboe Volatility Index(VIX)$

Can we see the drop yesterday as a fake one since we are below 12.95 on the vix and day is hadding down again?

I like this question about SPX and VIX. Ans: Possible, but let's pay attention to 5DMA; it's still resistance at this moment.

$5288 is a daily support that must hold, it has worked during the last 45 minutes.

If that's the case for the day, 5DMA has to be surpassed, otherwise your thesis would be very possible.

Image

3. $SPDR S&P 500 ETF Trust(SPY)$

Big outside reversal day in $SPY. Enough to stop the bull run for a while?

Unless there is a good piercing candle tomorrow, this decline has just started. The difference of a piercing and a fake bounce will be studied very soon.

Image

https://x.com/SmartReversals/status/1793999076478095673

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

AlvinBell
05-25
AlvinBell
Great analysis on the current market conditions!
joechill
05-26
joechill
Great article, would you like to share it?
KSR
05-26
KSR
👍
moobug
05-25
moobug
thank you

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Ans: Possible, but let's pay attention to 5DMA; it's still resistance at this moment.</p><p>$5288 is a daily support that must hold, it has worked during the last 45 minutes.</p><p>If that's the case for the day, 5DMA has to be surpassed, otherwise your thesis would be very possible.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/310df96cdffdd48213993ec7f631c669\" tg-width=\"1244\" tg-height=\"710\"><span>Image</span></p><p>3. <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> </p><p>Big outside reversal day in $SPY. Enough to stop the bull run for a while?</p><p>Unless there is a good piercing candle tomorrow, this decline has just started. The difference of a piercing and a fake bounce will be studied very soon.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/8a26b5baba326c3711481918b442c0cf\" tg-width=\"618\" tg-height=\"500\"><span>Image</span></p><p>https://x.com/SmartReversals/status/1793999076478095673</p><p></p></body></html>","htmlText":"<html><head></head><body><p>1. <a data-mention-id=\"IWM\" class=\"teditor-mention\" data-mention-name=\"iShares Russell 2000 ETF\" href=\"https://ttm.financial/S/IWM\">$iShares Russell 2000 ETF(IWM)$</a> </p><p>That 50DMA better holds, losing that level usually brings deep declines.</p><p>Seems that the weekly bearish setup was delayed a week given the <a data-mention-id=\"GME\" class=\"teditor-mention\" data-mention-name=\"GameStop\" href=\"https://ttm.financial/S/GME\">$GameStop(GME)$</a>  euphoria.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/b5aabb493e24d21f5a6b60984b33ce63\" tg-width=\"1238\" tg-height=\"710\"><span>Image</span></p><p>2. <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> &amp;  <a data-mention-id=\"VIX\" class=\"teditor-mention\" data-mention-name=\"Cboe Volatility Index\" href=\"https://ttm.financial/S/VIX\">$Cboe Volatility Index(VIX)$</a> </p><p>Can we see the drop yesterday as a fake one since we are below 12.95 on the vix and day is hadding down again?</p><p>I like this question about SPX and VIX. Ans: Possible, but let's pay attention to 5DMA; it's still resistance at this moment.</p><p>$5288 is a daily support that must hold, it has worked during the last 45 minutes.</p><p>If that's the case for the day, 5DMA has to be surpassed, otherwise your thesis would be very possible.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/310df96cdffdd48213993ec7f631c669\" tg-width=\"1244\" tg-height=\"710\"><span>Image</span></p><p>3. <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> </p><p>Big outside reversal day in $SPY. Enough to stop the bull run for a while?</p><p>Unless there is a good piercing candle tomorrow, this decline has just started. The difference of a piercing and a fake bounce will be studied very soon.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/8a26b5baba326c3711481918b442c0cf\" tg-width=\"618\" tg-height=\"500\"><span>Image</span></p><p>https://x.com/SmartReversals/status/1793999076478095673</p><p></p></body></html>","text":"1. $iShares Russell 2000 ETF(IWM)$ That 50DMA better holds, losing that level usually brings deep declines. Seems that the weekly bearish setup was delayed a week given the $GameStop(GME)$ euphoria. Image 2. $S&P 500(.SPX)$ & $Cboe Volatility Index(VIX)$ Can we see the drop yesterday as a fake one since we are below 12.95 on the vix and day is hadding down again? I like this question about SPX and VIX. Ans: Possible, but let's pay attention to 5DMA; it's still resistance at this moment. $5288 is a daily support that must hold, it has worked during the last 45 minutes. If that's the case for the day, 5DMA has to be surpassed, otherwise your thesis would be very possible. Image 3. $SPDR S&P 500 ETF Trust(SPY)$ Big outside reversal day in $SPY. Enough to stop the bull run for a while? Unless there is a good piercing candle tomorrow, this decline has just started. The difference of a piercing and a fake bounce will be studied very soon. 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