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A Tell?


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#1 OEXCHAOS

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Posted 30 September 2021 - 09:05 AM

We should be seeing a good deal of strength given that this is EoQ. Window-dressing and all... Yesterdays action was lame, however, and technicals are ugly.

We "should" have seen more strength. That we didn't makes me more than a bit worried, despite the Relative VIX and "Secret Hedge Fund" Buys.

I'm guessing we have another leg down maybe Friday or next week.

 

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#2 Rogerdodger

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Posted 30 September 2021 - 09:29 AM

Inverted-VIX.jpg



#3 MikeyG

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Posted 30 September 2021 - 11:33 AM

Market is making a bottom here, we should have a year end rally. 



#4 K Wave

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Posted 30 September 2021 - 11:33 AM

Never seen so many HUGE Monthly Bearish Engulfings...

 

TQQQ looks done to me....

 

And FDX monthly chart is beyond ugly....

 

Any bounces in October should likely be sold hard...assuming we get one!



#5 K Wave

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Posted 30 September 2021 - 11:45 AM

Barring a huge A/D reversal today, NY summation is going to be gapping down big below the Zero line after many months of spectacular deterioration....

 

Not usually the best place to get aggressively long, as the gaps are just starting below Zero line



#6 LMF

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Posted 30 September 2021 - 12:26 PM

Its still just basic profit taking above the 200 day. The RUT is where the next beat down should occur. Somebody wake me up when AAPL gets close to the 200 day again.

#7 Rogerdodger

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Posted 30 September 2021 - 12:35 PM

that inverted vix turned down again, as the selling continued.



#8 pdx5

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Posted 30 September 2021 - 03:22 PM

Barring a huge A/D reversal today, NY summation is going to be gapping down big below the Zero line after many months of spectacular deterioration....

 

Not usually the best place to get aggressively long, as the gaps are just starting below Zero line

You are right!


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#9 CLK

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Posted 30 September 2021 - 04:35 PM

What about the first 3 weeks of Oct.
are usually up, what happened to that?
All of Sept. and ALL of Oct. down?

#10 LMF

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Posted 30 September 2021 - 08:06 PM

This is a good setup for a bounce first 10 TD in October.