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VIX breaking out of it's bull flag

spx move down into july

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#1 Russ

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Posted 19 June 2020 - 11:31 AM

the spx down turn should now resume going into July.

 

 


Edited by Russ, 19 June 2020 - 11:41 AM.

"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



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#2 redfoliage2

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Posted 19 June 2020 - 11:40 AM

I doubt this will be the case by the close today.................


Edited by redfoliage2, 19 June 2020 - 11:42 AM.


#3 Russ

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Posted 19 June 2020 - 11:45 AM

I doubt this will be the case by the close today.................

Double top on spx after failing to close the island gap, looks pretty unlikely spx can go back up now to my eyes... 


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#4 LMF

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Posted 19 June 2020 - 12:23 PM

Expiration being about as worthless as anything for assessing the trend......otherwise theres way too much Monopoly money chasing this market.

Lee

#5 K Wave

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Posted 19 June 2020 - 12:53 PM

Expiration being about as worthless as anything for assessing the trend......otherwise theres way too much Monopoly money chasing this market.

Lee

Big red rejections at the hourly 900 after throwover move perhaps carry a bit more weight though...

 

Now if we eventually break above those, would be bullish as can be.

 

But until then, could EASILY escalate to the downside...

 

Trannies

 

djt.png

 

NYA

 

nya.png


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#6 K Wave

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Posted 19 June 2020 - 01:00 PM

Watch SOX here closely....

 

A breach of the Yellow Line 5 min 900 combo could be final nail in the coffin of this big leg up....

 

If bulls manage to turn it here and we go out near the high, then bull chances would look much better..

 

sox.png


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#7 K Wave

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Posted 19 June 2020 - 01:05 PM

8.10 area still looking very important on SQQQ...

 

Sustained action above that level will start to make SQQQ look very bottomy....after a VERY long decline..and the most brutal percentagewise in its history.

 

So perhaps not a time to be overly bullishly complacent here if the charts start to give signals....


What A Beautiful Black Sky


#8 Russ

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Posted 19 June 2020 - 01:14 PM

 

Expiration being about as worthless as anything for assessing the trend......otherwise theres way too much Monopoly money chasing this market.

Lee

Big red rejections at the hourly 900 after throwover move perhaps carry a bit more weight though...

 

Now if we eventually break above those, would be bullish as can be.

 

But until then, could EASILY escalate to the downside...

 

Trannies

 

 

 

NYA

 

 

 

The 75 ma bounced off your 900 ma on the NYSE.... 


Edited by Russ, 19 June 2020 - 01:15 PM.

"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#9 K Wave

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Posted 19 June 2020 - 01:25 PM

SOX could be at moment of truth right here as it back tests 1970.....

 

Stick save afternoon, or plunge into the abyss???


What A Beautiful Black Sky


#10 Darris

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Posted 19 June 2020 - 01:31 PM

The Quad Witch Expiration settlement for the SPX cash this morning at ~3161 projects a tag of that value for the SPX cash by Flex Wed next week since it was not printed this morning.  Likelihood of positive SPX cash close today is still predicted with 90 minutes to go.