Loading ...Keep Your Eye On The VIX
Watch the VIX today. A definitive close above 30 will be a clear breach of the 200 day mvga. That should confirm the likelihood of a crash next week and beyond. If it holds below the 30 level we will have to continue to monitor it early next week. I believe it is a matter of when not if. Notice the similarity to the period of last OCT. thru late Feb. of this year. It is likely we will get the upside breakout, then, a pullback to the 50 and or 200 day mvgs. before rocketing higher as the markets crash again like earlier this year. 
I would not be betting against the Fed. They own this market and are injecting enormous amounts of liquidity into it, directly and indirectly.
Meanwhile the economy is in free fall. But this is irrelevant to the markets.
The middle classes are getting wiped out, whilst the bankers want to own it all.
Narratives about FED liquidity aren’t going to help you here.
Its not a narrative. Its a fact. I have contact into Wall Street, behind the curtain.
The TSLA short I put on yesterday worked out nicely
https://stockcharts.com/h-sc/ui?s=TSLA&p=60&yr=0&mn=1&dy=16&id=p74744883992&listNum=239&a=818070315
Should be good to between the gap at 225 and the 200 day around 212.
For a trade, sure.
But the larger trend remains DOWN. (and VXX etc were the clue that other indices were NOT topping in the recent past)
And aside from a quickie (next week?), my work says down into EOY. Seriously.
$ may still pop, and drive PMs down a bit further.
And SPX and tech too.
But it won’t last long and certainly beyond early Nov.
Everyone has Nov3-4 marked for a top. I don’t think so. Potentially a low.
Don’t understand your comments. I am long UVXY which goes up when the VIX goes up WHEN THE MARKET GOES DOWN. Your comments seem to be saying the market is going down. That is what my post and follow up post about crash helmets is saying. Do you agree with me or disagree?