One thing to take away from todays chart is that it allows the weekly indicators to stay open to the downside with a daily trend still midway and not even close to oversold. We have to be weary of the 3 wave pattern that has developed so far, and for this to become more bearish we would at least need to see 5 waves down.
lol, i've seen the US version of it, explains everything in a few minutes
ReplyDeletesold off my vix at open, will buy it back later today
look at weekly chart for all major index
ReplyDeleteMA and MACD are now diverging to the downside
we might consolidate at these level for few days
vix is now trying to break out to the upside, but has many resistances
According to the Cycles there are April dates that could potentially turning points. These are on April 8 and 28.
ReplyDeleteim gonna call it a day, risking $450 on spy calls
ReplyDeletewill wait to see if spx retest 1560 area next week
today's chart does no seems too bearish
One thing to take away from todays chart is that it allows the weekly indicators to stay open to the downside with a daily trend still midway and not even close to oversold. We have to be weary of the 3 wave pattern that has developed so far, and for this to become more bearish we would at least need to see 5 waves down.
ReplyDelete