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SNP

VXX (VIX ETF) hints of increasing volatilityThe VXX is the VIX ETF and tracking it gives an idea of the VIX from a unique perspective. In the weekly chart, for most of 2021, there was a building MACD bullish divergence. Given the higher low and the rather full bullish candle on Friday, any continuation of this rally aligns price to the indicator. Inadvertently, the would be downside volatility in the equity markets to follow... The VIX, via the VXX ETF, is suggesting a plausible spike in volatility in the coming weeks.
CBOE:VXX
by Auguraltrader
1
S&P500 don't look so good...The S&P500 futures do not look well at all... Weekly chart has "hairy tops" that indicate failed rallies, and the candle body is engulfing last week's candle body, ending the week very close to the weekly low. Bearish momentum prevails clearly. supported by technicals below. Daily chart has a clear 55EMA failure, a second failure no less. The technicals are just turning with the MACD turning bearish. When it starts being bearish, there should be no problem breaking below into the 4300 range will see target downside to 4140, at the lower end of the range.
CME_MINI:ES1!Short
by Auguraltrader
ES1! SPX500USD 2022 FEB 07 Week ES1! SPX500USD 2022 FEB 07 Week Last week's ES saw price rejection at previous breakdown level 4573 and test of breakout 4411-4446. Shall 4411-4446 support hold, shall look for long opportunity. If market returns into rotation, strategy will then be to short at upper boundary resistance and long at lower boundary support. Indecision on Daily/Weekly bar may cause whipsaw movement, trade with care. Weekly: Average volume up bar closing in middle = indecisiveness Daily: Average volume bar closing in middle. It has a lower low than previous bar, and closed higher and in the middle = some strength, but indecisive still. H4: High volume Upthrust bar, weakness will be confirmed if next bar closes lower. Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4629 4573 4520 4492 4411 4446 4318 4267 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
Bitcoin Undecided and a Look at some Altcoins(0:40) #DXY #Dollar Index - dropping (1:10) #VIX #Fear #Index - spiking (2:30) #DJIA (2:50) #SNP (3:00) #Nasdaq (3:10) #QQQ (3:25) #BTC.D (3:51) #EthUSD (4:15) #BTCUSD - Bitcoin is still overall in bullish territory. A drop below our black ascending trendline would cause me to become bearish, if confirmed on the daily. This still has not occurred. (6:22) #altcoins #agldusd #btrstusd #jasmyusd etc. - All altcoins are depending upon the big dawg at this point, #BTC
INDEX:BTCUSD
by stewdamus
2
S&P500 due for bounce - dead cat or rocket?The week's worth of S&P500 action was exciting, confusing and has implications for the next couple of weeks... The weekly chart shows the bounce off the weekly 55EMA with a nice long tail, likely a week or two of technical bounce to follow. The daily chart has a very bullish looking candle on Friday, where a long tail ends with good momentum to close at the top. While the weekly MACD is dropping off into the bearish territory, the daily MACD appears to be technically finding its way back to mean. Overall, this has odd implications, one being a start of a real bounce/recovery to historical high (or higher) OR it is a dead cat bounce for further downside after checking in with the daily 55EMA (about 4500). It is opined that we should have a visit to the last low, near 4200, but the real question is when . Meanwhile, stay nimble...
CME_MINI:ES1!
by Auguraltrader
Some Indicators you can utilize to help evaluate this market(2:00) Dollar broke above a bull triangle (2:43) SNP Chart - Gap fills on the 1hr/4hr (5:36) Nasdaq and DOW gap fills (6:20) Sell volume capitulation on the QQQ? (7:38) VIX fear spike - 7 days in a row (8:39) Bitcoin chart - do we have confirmation that the buyers are back? (10:54) A new experience for me on the charts (12:05) Huge resistance ahead for Bitcoin! (12:40) Over 40% of short term hodlers with NUP! (13:23) Could this be another V-shaped recovery? (14:00) BTC dominance has hit resistance (14:30) How to measure data (15:26) VMC Cipher B indicators (16:09) Previous Death Cross time frames and price action (17:45) Will Feb. 13-14th be our final bearish moment? (18:20) Some of the negatives that we still need to account for (19:22) $35,837 is our line in the sand. Or is it?
INDEX:BTCUSD
by stewdamus
ES1! SPX500USD 2022 Jan 24 Week ES1! SPX500USD 2022 Jan 24 Week Last week rejection at 4573 offered great short opportunity. Preference to short on retracement / when price returns to test shakeout area - possible scenarios provided Weekly: Ultra wide spread high volume down bar = strength may be returning Daily: High volume up down bar closing near low = weakness H4: Very high volume down bar closing at low = concern of buying into the down move Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4629 4573 4520 4492 4411 4332 4267 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 Jan 17 Week ES1! SPX500USD 2022 Jan 17 Week Scenario1 4662 short, scenario3 4743 short, Scenario 4 bounce from trend channel provided plenteous opportunities last week. Will adopt a rotational play - execute trades only at boundary 4808 / 4740 / 4629 / 4573. Concern: - The uptrend channel has encountered structure failure => price did not reach the supply line of channel = weakness - Increase in bearish volume on the downward move = weakness Weekly: Average volume down bar closing off low = no supply/strength Daily: High volume up bar closing off high = supply present. H4: UHV down bar closing off low followed by up bar = strength. Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4629 4573 4520 4492 4411 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 Jan 10 Week ES1! SPX500USD 2022 Jan 10 Week Rejection at 4743 short worked well last week. Short on retracement preferred Weekly: Average volume down bar closing near low = weakness Daily: Average volume down bar closing off low. Some demand is present. H4: Very high volume down bar followed by lower close bar = weakness Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4874 4800 4743 4716 4662 4520 4492 4411 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
1
ES1! SPX500USD 2022 Jan 03 WeekES1! SPX500USD 2022 Jan 03 Week If 4743 is support, breakout of previous rotation is confirmed. Intraday long preferred. If rejection at 4743 market may test lower levels, intraday short preferred. Weekly: Low volume up bar closing in middle = undecisive Daily: Upthrust followed by down bar = weakness. H4: Very high volume down bar, but no lower low forrmed, 4743 is now temporary support. Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4874 4800 4743 4712 4650 4606 4565 4492 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2021 Dec 06 Week ES1! SPX500USD 2021 Dec 06 Week Down channel trade was good. Market recovered on Friday to close up on high volume off its high (H4). Some support has returned. 4492 looked like a strong support at the moment. If there is indeed acceptance, we may have a temporary long opportunity. However do note market is still within down channel, so take profit on your longs whenever possible Weekly: Very high volume closing off low = strength Daily: 4492 looks like a strong support. High volume down bar closing off low = strength H4: High volume up bar closing of high, supply still present. Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4764 4740 4717 4651 4606 4564 4492 4411 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
Leading Indicators are BURNTAs forewarned, the Leading Indicators were previously pointing to a burn out, and now half of the leads are burnt. JNK and VALUG are bearish, as are TLT and VIX indicating bearishness. IWM, TIPS, and DJT have failed any bullish indication, skewing towards bearishness. The S&P500 futures are at support now... likely to break down, even for the beginning of a month. Overwhelmed by the "shock" of a new variant, perhaps it is time. IMHO, Omicron is a precursor... it should be mild, but its existence is indicative of the next wave. So, not to be ignored, and especially not to be forgotten. This is like Nature's forewarning of 2022. Stay safe!
CME_MINI:ES1!Short
by Auguraltrader
1
ES1! SPX500USD 2021 Nov 15 Week ES1! SPX500USD 2021 Nov 15 Week Short from 4674 was good, followed by spring from the demand line of the uptrend channel. Market rebound from demand line of channel back into the possibility to test 4712. Weekly: Average volume down bar closing off high = weakness. Wait and see if weakness will flow over to lower time frame. Daily: Average volume up bar closing off high = possible weakness. Wait for next bar to confirm. H4: Climatic up bar followed by high volume up bar closing off high = Some weakness expected. Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4764 4733 4711 4674 4657 4613 4590 4551 4515 4472 4411 4381 4333 4267 Remember to like and follow if you find this useful. Have a profitable trading week. ES1!
CME_MINI:ES1!
by paradox677