Hello everyone! Today i want to share some technical analysis with you!1.5874 CLOSE: (1) If $.SPX(.SPX)$ closes below 5874 by Friday, then SPX has two consecutive RED WEEKLY BARS; (2) during this entire rally from late 2022, once SPX has two red weeks, it turns to drop more the next week, even if that week closed higher. (3) $NVIDIA Corp(NVDA)$ 's earning would be key.2.MPW Mid-week Update Posted: (1) quite some choppy moves lately, as SPX bounced between two large gaps above and below. (2) at the weekly level, the color of this week's candle is significant--the key level is 4876. Follow me to learn more about analysis!!
Hello everyone! Today i want to share some technical analysis with you!1. $NVIDIA Corp(NVDA)$ Trade: (1) yesterday, NVDA broke through the upward trendline and opened up a much larger space for decline.(2) not to mention the most-watched earning after 11/20 close--not an encouraging picture for the bulls, at least in the very short term. (3) may place a small bet.Follow me to learn more about analysis!!
Hello everyone! Today i want to share some trading analysis with you!1.Too Bullish to Rise Higher: $.SPX(.SPX)$ (1) the latest AAII survey registered the highest bullish sentiment over two months--almost half of participants are bullish. (2) so, at the very least, the market exhausts its fuel for climbing much higher--just like the previous high in mid-Sept.2. $.SPX(.SPX)$ 5860 reached--2-3 points away from the actual 50% mark of 5858. Be ready for a large rebound here.Follow me to learn more about analysis!!
Hello everyone! Today i want to share some technical analysis with you!1.Sibling Waves: (1) within a wave series, the impulsive moves in the same direction shares blood-relations with each other. (2) the most common ratio is FIB-relations, 61.8-100-161.8%; (3) the manner & structure of w-1 & w-5 may share some sibling relations--see the dome & price. $.SPX(.SPX)$ Follow me to learn more about analysis!!
Hello everyone! Today i want to share some trading analysis with you!1. $Cboe Volatility Index(VIX)$ in disagreement with INDEX: (1) With all major indexes hovering around ATH, VIX refuses to budge--staying well above the previous low. (2) that said, the current setup of VIX also doesn't point to any major correction or selloff for indexes. (3) expect range-bound for a weekFollow me to learn more about analysis!!
Hello everyone! Today i want to share some technical analysis with you!1.All-Green Set-up with $.SPX(.SPX)$ closed over 6K for the first time. A small red doji on the daily chart, but with the strong bullish momentum, today's top will be tested a few times before any tangible corrective moves.Follow me to learn more about analysis!!!
Hello everyone! Today i want to share some technical analysis with u!1.2024, the Year of Bull: (1) for the last year, the Bull-Bear Spread has been consistently positive, except for one week in April 2024. (2) the largest gap is 32%--meaning there are 32% more bulls than bears. (3) now, the difference is 8.5%, a healthy spread for remaining days. $Cboe Volatility Index(VIX)$ Follow me to learn more about analysis!!
Hello everyone! Today i want to share some technical analysis with you!1.Indeed, the volatility vanished with Trump's sweeping victory. $ProShares Ultra VIX Short-Term Futures ETF(UVXY)$ crashed to 22 pre-market, with SPX topped 5900 for the first time. Now, SPX is testing a long-time trendline dated back to year of 2000, the start of this century (roughly at SPX=5900-5920).2.MPW Mid-Week Update Posted: (1) this is an earthshaking day, both in the political arena and in the financial world. (2) the fallout and end-result will take some time for the whole world to digest and fathom--incl. tmrw's FOMC.Follow me to learn more about analysis!!
Hello everyone! Today i want to share some technical analysis with you!1.This breakdown of $ProShares Ultra VIX Short-Term Futures ETF(UVXY)$ calls into question of any further bearish move of the broader market--Now, I have to update & revise my short-term bearish wave count and give the bullish option an upper hand. Will explain more in the weekly Scroll. Just want to give you a heads-up.UVXY at the lower edge: (1) $UVXY headed lower and closed in to the lower edge of the triangle formation. (2) with the broader market impulses higher, it indicates further easing of the volatility pressure after Election. (3) this structure doesn't look like a pending panic. NTAFollow me to learn more about analysis!!
Hello everyone! Today i want to share some technical analysis with you!1. $ProShares Ultra VIX Short-Term Futures ETF(UVXY)$ made a choice: (1) see previous tweet, I marked 10/31 as the last date that UVXY has to made a choice; (2) it did. UP! This breakout is only the first step of a MAJOR CORRECTION phase. (3) if you are familiar with EWT, this ongoing slump is same degree of 2022 correction.2.Now, as promised, by the end of October, I will revisit the heat-map of SPX 500--to see the final scoreboard for the major stocks. The color is mixed, as opposed to the glaring green from wall to wall in mid-October (see the previous tweet).3.Now, $.SPX(.SPX)$ 's monthly candle color turns RED--esp. the long-wick