•High inflation, and high dollar
•Rising Interest rates
•Recession
•Geopolitical tensions
•FMOC
• $VIX $ $VVIX near important support
•Indices are near important resistance levels
•Earnings won't be good
•Commodities/Oil are down
•Succesfull retest of June lows
• $SPX Bullish weekly candle in higher volume
• $DJI and $IWM to continue leadership
•Indices broke above 50DMA
•Solid support at 3740
•Breadth indicators are bullish
•Indices are near important resistance (3910) levels, pullback is expected
•Rally to continue despite FOMC rate increase
• $SPX 100DMA at 3904 resistance, 50DMA at 3840 support
•4074 next target
•Main support at 3740
•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
•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