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Thank you for the chart, can you please share your view on VIX for daily and weekly chart? I see on larger chart VIX is forming long bottom and heading much higher in coming days just not sure if I am right in my assessment!
SPY is spending the better part of 3 trading days on a vacation above the upper bb. I went back and looked at prior events of multiple days above that threshhold and marked them with a purple arrow.
So that was a rather frightening look. Once it fell back into the bb, it was all kinds of awful for months.
The one I bought was really just one day, although it could still fulfill its promise if THIS even bigger breach leads to a major market correction.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
Funny how I get stopped out of my short and then the market immediately breaches again. I ought to reshort whenever the market re-enters the band, but I want to short gold because it looks sickly too. That head and shoulders formation on GLD looks sooooo juicy.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
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DellGriffith wrote:Funny how I get stopped out of my short and then the market immediately breaches again. I ought to reshort whenever the market re-enters the band, but I want to short gold because it looks sickly too. That head and shoulders formation on GLD looks sooooo juicy.
DellGriffith wrote:SPY is spending the better part of 3 trading days on a vacation above the upper bb. I went back and looked at prior events of multiple days above that threshhold and marked them with a purple arrow.
So that was a rather frightening look. Once it fell back into the bb, it was all kinds of awful for months.
The one I bought was really just one day, although it could still fulfill its promise if THIS even bigger breach leads to a major market correction.
thanks for the research Dell: your pic always makes my thirst for OJ in the morning....
<;)
"It requires, obviously, some luck and some good policy."
we're here and l1/l2/l3. l1 obviously was not a trade. both l2 and l3 are winners. Trading l2/l3 here require some experiences. I didn't take the trade only use them to out longs cause I'm not focused today.
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or bulls have another 100% mm. not sure either. so I'm in wait and see mode now.
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narrow range consolidation. wait for breakout or breakdown. normally i'd say breakdown just nowadays betting on the bear side mostly is not a good odd.
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