•High inflation, and high dollar
•Rising Interest rates
•Recession
•Geopolitical tensions
•Negative $Gamma regime
•$VVIX near important support
•3800 will be strong resistance
•Tech Earnings won't be good
•Commodities/Oil are down
•Rally confirmed by follow-through day
• Succesfull retest of June lows
•Bullish weekly candle in decent volume
•FAANG chart is bullish
• Earnings reports are better than expected
•Rally to continue, first target 3800, next 3900
•Expecting companies to beat lower expectations ( $PEP, $GOOG, $MSFT)
•We are near resistance, a pullback is in the menu this week, but won't kill the rally
•Some sectors need to improve their charts
•High inflation, and high dollar
•Rising Interest rates
•Recession
•Geopolitical tensions
•Negative $Gamma regime
• $VIX and $VVIX in uptrend
• $SPX rejected from 20DMA again
•June lows are a strong resistance
•Commodities/Oil are down
•Extreme readings/positive divergences in several indicators
• $SPX sitting in the 200WDMA
•Thursday massive bullish engulfing candle on heavy vol
•FAANG is at support
•Excessive bearish bets this week
Our usual "NEXT WEEK, The Bear's Opinion, The Bull's Opinion, Our Opinion."
To learn more, read our newsletter, coming out tomorrow at noon.
NEXT WEEK
The Bear's take:
•High inflation, and high dollar
•Rising Interest rates
•Recession
•Geopolitical tensions
•Technical destruction of index charts
•Negative $Gamma regime
•VIX and VVIX uptrend
•Island reversal pattern
•Commodities are down
•Oil is down
•Extreme readings on many sentiment/broad indicators
• $SPX and $QQQ sitting in the 200WDMA
•Weekly bullish inverted hammer candle (all indices)
•Some indicators show positive divergence
•FAANG is holding
$SPY
•High inflation, and high dollar
•Rising Interest rates
•Recession
•Geopolitical tensions
•Technical destruction of index charts
•Negative $Gamma regime
•Bearish weekly candles
•Violation of June lows
•Commodities are down
•Oil is down
•Extreme readings on many sentiment/breadth indicators
• $VIX Buy-SPX signal is alive and well
• #VIX and $VVIX are back below resistance
•Positive divergences in breadth and vol
•High inflation, dollar, and Interest rates
•Recession
•Geopolitical tensions
•Technical destruction of index charts
•Negative $Gamma regime
•Bearish weekly candles
• $VIX & $VVIX are alive and kicking
•Dealers cut a big chunk of their longs
NEXT WEEK
The Bull's take
•Friday's bullish hammer candle
•Extremely low readings in several indicators
•Extreme equity put buying
•Indices are at important regression support
•Commodities are down
•Oil's down
Once it hits the +3 stdev line (if it does) it should experience a Mean Reversion (again) now at 105.22.
The momentum indicator is posted on Tradingview: Enio_LR_SlopeMLC, it measures the slope of the channel. It is set to 14 days to assess whether the momentum is up or down..🧵
...in the short term
When it crosses below zero (red line) the channel has negative momentum
•High inflation and high dollar
•Rising interest rates
•Geopolitical tensions
•Indexes falling on high volume
•Bearish daily candles
•Indices rejected from their 200, 20 and 50DMAs
•VIX is above 20, 50 & 200DMA
•Neg Gamma regime
$SPX $ES $SPY
NEXT WEEK
The Bull's take
•Indices are sitting at important Fib level
•Indices hold above support
•Commodities are down
•Dealers remain net long positions
•Some leader stocks are holding
•GDPnow indicator is up