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I am surprised with the VIX move, this tells me that Market is not ready to go down!
Thank you Fehro for excellent charts.
Thanks.. I know.. VIX weak.. but it is options week...
You have the weekend effect plus MLK day on Monday (I think markets are closed) so that adds to Vix futures options decay. I have seen a roughly 12 day cycle on Vix that lines up for a low on Tuesday.
fehro wrote:GDX 60m, weekly... possible invs H&S break.. 20w SMA close..
I have been playing around with this. Sort of like an NYMO for the gold miner market. I'm not claiming it's tuned well or anything but it suggests gold miners may pull back soon.
pullback was bought, now it's 2nd test of day high so key time.
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