vol surge, should be another rebound attempt here then we'll see, probably another leg down.
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great. thx boss. happy new year.
Interesting that the top few blogs rarely attempt to predict the future.
“…studies show that even the foremost experts in most fields are no better than a flip of the coin at predicting what’s going to happen ….” http://awealthofcommonsense.com/spot-bad-forecaster/
Feels like I've been reading a lot lately about that topic.
BTW this would be the 3rd correction in 4 months. That's quite bunched up. Not sure the last time we had something like that. We can go 6 months without any.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
SPX.. seems we may have a short term bottom.. not sure yet… VIX into resistance on the daily.. toping candle of sorts 15m .. now possible orange H&S on SPX larger chart.. speculative / neckline not set..… if not yellow channel .. lower right
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vol surge, big red so might be another rebound here first which might sold again.
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