Yesterday we hit the 12500 range which was the rally high, g...
Yesterday we hit the 12500 range which was the rally high, got a small sell off there. But eventually went up higher again and break another new high for this rally. But does this mean we are now going upwards?
My bias is still this is going to be a shortlived rally and we going to come back and retest lows first. But do I believe we are in a bear market? Not yet. I still see a brand new high coming before the recession crash.
$USD (USDindex.FX)$ seems to be in distribution mode currently. If it flushes, we will see brand new high for the indices, no questions asked.
VIX also seems to be failing on weekly chart with multiple bearish divergences. Spotted it a month ago and have been warning about it. Despite many were still bearish on the market.
A crash in VIX and distribution on DXY will be good enough reasons why we will see new highs again. But do I think its now? No, not yet. Just a little longer and we should get a bottom.
Do watch the video and understand why this rally is short lived and why I feel this is only a mini bull trap before the real rally. Stocks tagged also have their analysis done in the video!
As always, trade safe & invest wise!
Subscribe to my YouTube channel for your weekly market outlook and technical analysis videos! www.youtube.com/c/investing101channel
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LuckyPiggie : boss 101, may i ask .VIX and VXX why they dont move in sync ?
datts LuckyPiggie : where do yo send the signals? do you have a discord?
Investing 101 OP LuckyPiggie : VXX is a ETN. VIX is an index. so VXX is based on traded volume while VIX is not.
LuckyPiggie Investing 101 OP : the elements i understand. Its like future and S&P will move in sync . somehow Vxx dont trade according to up or down of VIX.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Investing 101 OP LuckyPiggie : yeah VXX and VIX usually not in sync. thats why most people go UVXY
Investing 101 OP datts : watch the video. its in the description box
dwarrior : Waiting for double bottom to form
Investing 101 OP : might not be double bottom could be lower low.. just so happy we all positioned right again. everyone buying calls. we were buying puts and closing calls. our puts went up 120% just today alone.
mikechia76 Investing 101 OP : Any chance we can retrace 200-300 pts up to load shorts?
VogueHereIAm Investing 101 OP : Me too
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