Friday and next week's market trend outlook + VIX

Didn't check the market on public holiday Friday, still bought SOXS at 20.62 before the market opened. Bought SOXS at 19.73 last week, washed down to around 18++ in a few days.Increase in the number of shares.10++％。

In the next few days before the October market closes, originally the profit rate for this month was over 50%, but on Friday, due to not paying attention, it dropped below 50% instead.

Going out next week, so these few days after this week are busy handling some lock matters, running around during the day, naturally no energy to watch the US stock market.

Originally wanted to finish writing this article but decided not to. As a result, the expected drop on Friday turned out to be a gap-up manipulation by market makers. This weekend, come back to check the various positions of Sox.

See what games the market makers are playing~

As the end of the month approaches, it is expected to fall tomorrow, with the intra-day trend looking at MM. I "guess" it will not drop significantly, estimated to be around 5100.

Next week, there are about four days left before November, which is the last week of trading before the election. At the beginning of each month, we can always see a significant drop on the first trading day.
This month, hedge funds (the big bosses' private money) suddenly shifted from selling to buying starting from October 1st. However, around the middle of the month, I predict that hedge funds may reverse to selling. As we approach the end of the month, the long and short actions of hedge funds will dominate market trends.
If today sees a decline, we may observe SOX daily line MA10 fall below MA20. Usually, during a death cross, the decline intensifies.
Daily line: MACD still indicates a put, while KD's green K is slowing down the decline. As long as there is no crossover before the red D value, we should not abandon the bearish direction.
The stock market next week will start to intensify fluctuations. In my opinion, based on the prediction of 4980.2, there may be an opportunity next week.
If on Friday, it closes below the weekly line MA10 at 5102, then we may see the appearance of the red bars in MACD, with the weekly line KD also crossing downwards. If Friday ends with a drop of more than 1%, for friends who are bullish, you should know that in November, you will face at least 3 weeks of bearish bombardment.
Actually, I have been shouting to go long. SOX stop loss at 5260, 5200 stop loss, and in these two days the green support line stop loss is around 5170, haven't you noticed that the more I shout, the lower it gets?

Especially these past two days, I have noticed that institutions are already washing VIX, and VIX has not fallen back to its original position. On the daily chart, it seems to be a smooth upward trend, and the algorithm program is secretly in a buying state. I have also posted this chart here for everyone's reference.

Actually, at what level is the P/E ratio reasonable for Stocks? Let's take a simple approach: with the 10-year US bond yield at 4.2%, the P/E ratio is 23.8. However, if the 10-year US bond yield continues to rise, your stock's TTM valuation should not exceed this 23.8. Of course, all stocks are currently overvalued, but looking at TSMC, with high growth, high gross profit, TTM at 31.38. This means if your stock's TTM is not within this range, 23.8-31.38, then it is considered too expensive. Unless you are a company with extremely high expected growth like NVDA or TSLA, which can have a TTM above 60. If it is not this type of high-growth company, yet has an excessively high TTM, I suggest selling quickly...

Hold Positions Disclosure: Xiaobai has bought SOXS before the market opens again, otherwise risk being taken advantage of...