Definitely in the shape of a potential bullflag. Looks like a break above 317.50 will begin to confirm the pattern, and then getting above 318.55 will seal the deal.

I’d still rather buy call spreads in VIX. Or call butterflies maybe even better. Selling those extra calls against the long call can make a long VIX trade theta-neutral.

My sentiments exactly. But I do agree with Randy’s view, or at least, I want to believe. The macro-fundamentals agree with Randy’s view: economy is heading into recession, rates have gone up at a faster pace than anytime in history, the Fed says it’s still hawkish… and yet, the markets keep saying that The Great Pivot has already happened.
Now the USD, the DXY is either making a double-bottom today, or the bottom is about to fall out for the dollar and assets of every kind will skyrocket even higher. Perhaps tomorrow’s bank earnings will mean something.

Next sell signal on QQQ still pending a solid break and/or 60m close below so not yet but right now the Q’s are approaching the 318ish resistance level which is the top of the recent sideways range (~318-313) since Wed 4/5. As such, a case can be made for an objective short around the 318 resistance level and/or on a solid break below the 313.60ish (60m chart) – 312 (daily chart) support.

VXX is at all time low and tomorrow we have big earnings for the big banks. This could easily spike double digit.

Russia, China, India, Brazil and South Africa is trying to create its own currency for which they are trying GOLD as a reserve which could sky rocket the Gold lot higher than we think!!! The only question is how long will it take?

Everything other than the dollar is going up because the dollar and the fed is dead and people are searching for anything that can retain some value. It sounds like you have your game plan. Trade it. Keep your stops where they should be and there you go. Not sure why you are short when you don’t believe in the short. You should have taken whatever loss you have yesterday in the pull back in your uptrend view and flipped long. Yesterdays close is and likely will be the low now that they have trapped all the shorts looking for a bit of a pullback. I know that I’m trapped and have been for a couple weeks now, but I’m using options spreads and will likely lose all or most of it in the coming weeks. I thought it was worth the shot at calling the top of the new bull market swing. but will likely make this year a losing year again. This is the last swing trade I will make with Randy as my year is up.. so par for the course. He and I see things too much alike for me.. I have to stop picking the tops and bottoms. Going to go with the buy and hold from now on and hope the fed and the government will just keep inflating assets until I retire.