When there is volatility in the SM, the price of the $VIX will shoot up above the upper BB. When the price of $VIX drops below the upper BB, the SM generally will have a short term rally. The $CPC helps determine when people are too bearish or too complacent. Today, neither is showing the SM is ready to bounce up. GLTA.
It seems S&P close under 4200 today will be a very bearish signal
I was trying to find another tweet where Dave Hunter (https://twitter.com/DaveHcontrarian) has now changed his “forecast” (moved it forward by a few months) about the timing of the melt-up that is yet to come. Can’t find it now.
When there is volatility in the SM, the price of the $VIX will shoot up above the upper BB. When the price of $VIX drops below the upper BB, the SM generally will have a short term rally. The $CPC helps determine when people are too bearish or too complacent. Today, neither is showing the SM is ready to bounce up. GLTA.
I learned these fro Jeff Clark, an astute trader in the markets.
Sir Isarmina,
That is my learning for the day … CPC. Humble thanks.
I have been following this guy, https://twitter.com/PKDayTrading1/status/1519023119096184832
It seems S&P close under 4200 today will be a very bearish signal
I was trying to find another tweet where Dave Hunter (https://twitter.com/DaveHcontrarian) has now changed his “forecast” (moved it forward by a few months) about the timing of the melt-up that is yet to come. Can’t find it now.
GL
I used to read a few of Hunter’s Quips but he appears to be overly optimistic.