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Watch that VIX RSI & CHANDE MOMENTUM


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#1 dTraderB

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Posted 16 April 2018 - 09:08 PM

Watching daily VIX RSI(5) and CHANDE MOMEMTUM (5) indicators is like watching paint dry, or grass growing... UNTIL it begins to show signs of a buy, like now.  However, a lot more has to happen to trigger this buy.

In the MA front, SPX tested the daily 50ma several times but backed off. Still, the markets are bullish until they are not. SPX support is some ways down at 2640/45

 

Throw all that away if silly politicians, who know not what they are doing, create mayhem and weak havoc with the economy & markets.

 



#2 dTraderB

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Posted 17 April 2018 - 08:08 AM

oh, glory days again! Low VIX< lower price PUT options, salivating at the prospect of accumulating QQQ June or July puts ....

 

Most likely, SPX 2728/32 will be hit this week, even as high as 2760, and then back down.



#3 redfoliage2

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Posted 17 April 2018 - 08:37 AM

VIX trend reversed down on the daily chart.............



#4 dTraderB

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Posted 17 April 2018 - 10:10 AM

Like the good times, just buy the pullbacks in the ESM  1-minute chart and don't go short unless the 5m short trade kicks in. 



#5 dTraderB

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Posted 17 April 2018 - 12:45 PM

Strong move with frenetic buying for every intraday dip. 

S&P could close at 2720 or even higher today.

This could be a Short-term top, with a pullback into Friday