5 replies to this topic

[4caster]

I find it interesting what's going on with the VIX here. The "raw" number, which doesn't mean all that much,. .is

at about 13.93 which could cause one to believe that the VIX is buried. On the other hand, the MACD(12,26,9)

on the daily VIX chart did a crossover to the downside side on June 1st which is one of the reasons I put on 

here a bottom signal on June 1st and it's still pointing down. But yet, the MACD HISTO(2,10,14) on the daily

VIX chart has been putting in positive divergence, exactly contradictory to the MACD(12,26,9). Don't you hate

when that happens. Until the 2,10,14 takes hold bears need to be careful.

[OEXCHAOS]

Related, I note that the Relative VIX is the lowest we've seen since 2009. That's not a sell signal, and it wasn't in 2009, buuuuuuuut, this isn't 2009, either.

[4caster]

Good point. The 2/10/14 won the battle today. We'll see what happens tomorrow.

[Rogerdodger]

That's not a sell signal, and it wasn't in 2009, buuuuuuuut, this isn't 2009, either.

 

Last April, May and mid-August all turned down from this price area in the SPX.

It seems that it is a very obvious area to watch.

The 20 EMA of NYUD is in an area that corresponded with a downturn in price 7 times since March 2020 2022.

Seasonality "should" prevail and price go higher soon.

But then again, I had a possible T ending here. (posted 2 days ago... Not hindsight)

 

Toss a coin and... Watch the SKY... or the slippery slope!

 

Edit: "downturn in price 7 times since March 2022" not "2020"

Edited by Rogerdodger, 07 June 2023 - 09:58 PM.

[OEXCHAOS]

This is a strange market.

NAAIM flashing a ST Sell. Big shift in Median exposure levels.

[4caster]

Yes indeed, a strange mkt here. Yesterday the 2,10,14 won while today the 12,26,9 won. Those two

indicators are battling it out. I need to go buy some more popcorn to watch what happens tomorrow..