14 straight white candles on the SPY...... Any thoughts on that? Exhaustion must be close?
You mean daily? Then, not it's not 14.
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Cobra wrote:I think it's time to say bye bye to this Rising Wedge.
why say bye bye?
Need a new wedge at least.
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cletus wrote:What is going on with the VIX? LOL!!!
Just a common rule: before a real correction, the VIX may one day suddenly collapse (kind like everyone gives up). For now, VIX is simply too high.
Cobra, could you tell a little more about this rule? how high is too high?
No fixed number, just a rough idea. You can use the way I shown in last night's recap to gauage if it's too high.
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This kind of narrow range consolidation is not bad for bulls.
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See, told you. Now we should abort our little evil plan earlier as this is way too much 3rd push up.
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Go uemple, go, frankly, you made me nervous, I dare not ALWAYS bet against you!
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2 bar reversal again, let's see if any real follow-through.
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OK, now let's see how the market retest the high. A failure may mean bear's best chance for the day.
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