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Fine tuned the SPX Daily with “thinner” lines…
FWIW
Even though this huge positive divergence appeared to be a massive set up for the VIX; the trend line violations were a warning along with the MACD NOT breaching zero. Being a VIX trader ( or any trader for that matter) requires STRICT disicipline. This was a BEAR trap unless the situation changes in the next few hours…
Eagle, Nice chart. I would agree that line is very important.
I await patiently….One way or another we will find out soon which way she goes.
Here’s my “system” chart ES…. buy green, short red. ingenious no??
https://stockcharts.com/h-sc/ui?s=%24NYSI&p=D&yr=0&mn=5&dy=0&id=p98983072337&a=453458766&r=1461036636683&cmd=print
Nice Tommy, I would rather complicate my life with 12 different flavors of EW…:-)
Futures in SP right now 2095… let´s see how it opens
Despite a failed agreement at Doha, increasing political turmoil in Brazil, and missed earnings from IBM and Netflix the market rolls on! Remember “hope” does not make one money…Massive short covering at this point should create a tremendous surge in the SPX. Many traders have positioned themselves short thinking the horizontal blue line would be resistance. Minimize losses, maximize gains. Good luck! Again, I emphasize, the importance of using the moving averages to time trades.
The NASI bollingers are getting a squeeze. Big move coming…