Today in the markets
$SPX
An unexpected rally pushed #SPX 50 points higher today on increased volume
We can say it was a successful retest or bounce from the 100DMA
It closed at 20DMA and is now in the "pinch". Tomorrow we'll know which side #SPX is going to come out on
#SPX
$DIA
Another rally on higher volume
Today closed above the 20DMA, somewhat bullish if it is able to hold that ground.
Big impulsive green candle, indicating further upside
$DJI #DIA #DIJ $DJIA #industrial $SPX #SPX
#DowJones
IWM rose on higher volume. It kissed the 100DMA today, which has offered resistance in recent days
It is still in the "extension" zone of its trend channel.
It needs to get back inside the main channel and break above the 100DMA
#IWM $RUT $RTY #RTY #RUT #options
#trading
$QQQ
Not much love for tech among traders
It is the only index that has risen today with little volume
It touched the 20DMA today. It needs to get above it to be in better shape
It is still in a medium-term bearish channel and a short-term bullish channel
$NDX #QQQ #NASDAQ
$VIX has continued its "awakening"
It broke through resistance today
This is something to pay attention to. It also rallied with the #SPX going up, This could be seen as a crack in the October rally
It generated a sell signal for $SPX today according to our indicators
#VIX $ES
$VVIX closed today above the 100DMA, and above 90
That's bearish for $SPX
If it closes above 96.5 (in the upper box) it should be seen as another crack in the October rally
#VVIX $VIX #VIX #trading #SPX #ES_F #options #futures #daytrading $SPY #volatility #trading
The $SPX stocks above 200DMA index
It printed today a bullish engulfing candle
It closed above 20DMA at 58.05
This is a bullish development for #SPX. It needs to hold the ground conquered today
#ES_F $SPY $ES #trading #options #Futures #DayTrading #bearmarket #OptionsTrading
The $SPX stocks above 50DMA index
Did not close as bullish as the other
Still below the 20DMA
Bounced from support
For a big upside move in the #SPX it needs to get back above 90% and stay above for a while
#SPX #ES_F $SPY $ES #trading #options #Futures #DayTrading #bear
Chart of the day
$KLAC
It looks like a hell of a buy
ATM January calls look good
For the more aggresive $10 OTM Dec-30 calls
#OptionsTrading #options #trading #futures $SMH #SMH $SOX #SOX #KLAC #semiconductors #QQQ #SPX #ES_F $SPY $QQQ #NASDAQ
The incredibly move
#NatGas
It's bouncing tonight from its 20DMA forecasting more upside
$UNG #UNG #energy #Russia #Europe
#trading #Futures #inflation
This signal could be reversed with a drop in the VIX of similar magnitude to today's move
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.