Thing I watch, for every dollar out of equities, a few cents go into gold. SPX weakens when crude volatility strengthens. Dollar above long term resistance now.
‘the petrodollar is our currency and our problem’....Gappy
think we can get a retest of pretty orange triangle breakdown today?
hard to tell I'd say more down first... yellow line next support? fill another gap.. SPX 15m ... then maybe a retest?... but if this is something more... look out below the yellow line
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
VIX 15m.. seems a little weak.. resistance at 13.57ish... 200d SMA = 13.56 atm.. break above trendline convergence ..look out.. selling could increase on the indexes
Option sentiment confirms further downside
with overvalued Equity calls/puts on the wrong Buy Side
and undervalued Index puts/calls on the smart Sell Side
L2 short. not sure, I prefer a little double top first.
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failed l2 as expected. nowadays l2/h2 mostly is bad idea.
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