I think the US market will bounce very hard like those Enzyte commercials 20 years ago with "Smiling Bob" if $IWM would just touch the 3-month upper Bollinger band.
@HeidingOut It’s starting to happen in the overnight session. $KOSPI up 3% as of now. If $SOXX can get a weekly close above $540 I’m charting that kicks off Wave 5 to Valhalla as you so appropriately said ;)
$SVIX Structural Limit ⚠️⚠️
I will abandon my search for a top if $SVIX breaks above this line. See picture. I will also sell my $VIX calls and keep only the $SPY calls.
$MTUM line failed to provide resistance in the presence of Euphoria / MAG7 related.
Volatility suppression is a different story.
TD 9 Count exhaustion didn't register, we move SPY exhaustion sell signal to day 13, today. Per DeMark counts.
$SVIX recovered to 50% FIB, shown line.
Going above this line will mean VIX has no legs, and the world has no risks in sight to price.
SVIX reacted down to the first touch of this line with a 2nd bearish exhaustion doji.
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🚨 Just In: March US CPI annual inflation rises 3.3%, up sharply from 2.4% in February. Estimates called for 3.4%.
Core CPI inflation increased 2.6% Y/Y, compared to forecasts for a 2.7% print.
Can't watch $BTC without watching $MSTR. We could see it bottom out sooner than Bitcoin... it'll be an easy tell. Either way, I'm not missing the next rally.