Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Haven't touched the EMA20 yet, so the pullback this time should be bought again despite it's the 2nd pullback of the day now.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
It's the very first pullback to EMA20 in 2+ hours, watch for buy setup. Sometimes it also means the uptrend is near over.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
I understood that a VIX of 32 is supposed to mean a relatively large change in the S&P index, which there is not, it hasn't moved for a month.
Is the VIX broken at this point? https://stockcharts.com/h-sc/ui?s=$VIX& ... 9075927330
My comments were dictated to me by homie the clown
I use 16 and 24, volatility is way high on my read. over sold on $VIX, over bought on index, we should have a blip pull back first then will see, see the BB on SPX:$VIX it is border line bearish bias under the mid BB.
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x wrote:Try to breakout of Friday's high, if fail then back to lower range. will see too early to say it will make or fail.
Looks like it's repeat of what happened last week -- initiative buying on Monday, followed by a higher high on Tue (because of leftover buying pressure). We will see if the market starts to drop starting at the middle of the week...
All we can do is map every thing out as much as possible, market always right let's all be right along with it. if I have my way this market should be down to 2700 by now.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.