SPY $340?
New weekly closing low into Quad Witch + Fed week. What comes next? Let’s review. $SPY $VIX
New weekly closing low into Quad Witch + Fed week. What comes next? Let’s review. $SPY $VIX
It’s still hurry up and wait mode for me; I’m hoping we can re-test 4100 next week in /ES, this would help me gain a little more clarity as to when it’s potentially safe to start buying this market. In this video I also cover crude and gold and why it makes sense to wait for a pullback in those two before going long.
In today’s video I discuss what I’m looking for in commodities and why it’s important to consider letting those take a break before thinking about buying. I also cover the /ES and why I am seeing a re-testing of 4100.
We’re close enough to levels below that can have a strong gravitational pull that we don’t want to fight the downside.
Precious metals have surged to levels we haven’t seen in years, and while the charts are still bullish, it may be time for a brief pause. Tonight we’ll look at the technical signals that brought us to where we are, and one way you can structure a theta positive trade in this market out into next week.
The selling stocks we have seen lately is a little different from that of years past. Instead of the quick reset and buy the dip, this action has been more of a controlled demolition. Demolition that is likely to continue until we can see some more significant capitulation.
Hint: It’s not the US Dollar Index and it’s a trend that has just organized that we need to keep an eye on. The idea behind being long US dollars is the aggressive tightening cycle that the FOMC is about to embark on. Here’s how we can continue to take advantage of it.
With rate hike expectations ramping up, what does the picture for hikes look like into May? We also take a look at the trends in the market that are macroeconomically, not headline, driven.
In this video, we look at the huge move higher we had from our overnight session and what that means for the overall market. Are we about to break out to higher levels or is this a head fake?