Parallel channel was established 1996 / 2000 and reaffirmed thrice in the last decade, so it's legit. Question now is, is it an overthrow or a bounce?
Are transports at tipping point? They are market leading indicator. See Dow Theory
$VIX tends to pivot around VIX OpEx dates. The red lines are irregular VIX options expiration dates. Here is a VIX OpEx calendar: www.macroption.com
$VIX tends to pivot at VIX OpEx dates. The red lines are irregular VIX options expiration dates. Here is a VIX OpEx calendar: www.macroption.com
Been working on various fractal patterns for the $VIX for a couple of years, trying to figure it out. Not sure if this will work out, but the mid-September timeframe coincides with the some Mega-cap cycle lows I've been charting.
$SPX $ES at confluence of 50-year and 10-year resistance lines - Here's what that chart looks like zoomed in.
$SPX and $ES at confluence of 50-year and 10-year resistance lines. Will it reject or pass? What's your bet?
Anyone notice we are at 10-year resistance for $ES
Volatility has been steadily high and a cup pattern emerges.
World markets held up by stimulus but losing momentum and seeing large-scale divergences. Only a matter of time until they roll-over.
And this is significant divergence
Looks good for forward growth. Cyclical analysis seems very consistent. Parallel channel well established. Profitability rank 7/10. Dividend yield 8.2%
Unexpected drop in $SPX today was immediately preceded by $USD rally. Thoughts?
Unexpected drop in $SPX was immediately preceded by $USD rally.
The harder it falls! Prepare yourselves. $SPX $VIX
... The harder it falls! Prepare yourselves. $SPX $VIX
Chart pattern, passing 20 EMA , 2 green candles, and MACD cross-over. Friday VIX crush will likely make it occur next week.
Chart patterns + MACD cross-over suggest $SPX correction. Also demonstrates how increased volatility ($VIX) can serve as lead time warning of price action in market ( $SPX ). Price action amounts are for illustrative purposes only, not prediction (No TA done on price action). Can't get timelines to line up on published chart - see below for what it's supposed to look like.