$SPX- once again breaking daily uptrend. It held nicely this week. $SPX 3243 (yest's low) was important, but 3235 is critical. If we closed below uptrend line , then next 100ema 3136.
$VIX - this action reminds me of Feb'18. Tremendous Dec-Jan rally then $VIX broke out of a multi-year downtrend. $VIX exploded to 50. Again different conditions, but we were also way overbought.
$VIX exploded above that downtrend line. RSI overbought this am. It's a bit too soon to predict. DOo not see a lot of volume here. so it looks like a short squeeze. Wait for $SPY to settle
$VIX exploded above that downtrend line. RSI overbought this am. It's a bit too soon to predict. DOo not see a lot of volume here. so it looks like a short squeeze. Wait for $SPY to settle
$VIX - again it's a multi-year downtrend. It's been a buying opportunity every time, so far rejected again. However, closing above it, means a severe spike is in the works. $SPX/ $QQQ. Keep ur hedge on.
$AMD - ugly reversal. went from a break out to a daily reversal candle. breaking down rising wedge & now testing 9ema. stopped out now. do not like this action in semis..