Comments on: Multiple Breakdowns & $VIX Breakout

By: Jeff Vandenburgh

Jeff Vandenburgh — Wed, 02 Aug 2023 17:10:33 +0000

SPX parabolic curve has been broken, but the 20dayMA was there to catch it before any real downside. As long as above the 20day, then “But the Dip” remains the dominant theme, but the advance has definitely faltered with the break of the parabolic curve.

By: Scott

Scott — Wed, 02 Aug 2023 17:03:51 +0000

In reply to Scott. It's rare to not have futures gaps filled within a day or two.

By: trade0039

trade0039 — Wed, 02 Aug 2023 16:26:52 +0000

I like you sharing your Price Alert here! Randy I think you should do that every time now on wards!

By: AP

AP — Wed, 02 Aug 2023 16:07:52 +0000

In reply to Scott. NQ seems slippery

By: AP

AP — Wed, 02 Aug 2023 16:07:36 +0000

Nice read

By: Beljrc

Beljrc — Wed, 02 Aug 2023 16:05:32 +0000

Randy Looks like we have a confirmed breakdown at this point. Commodities are getting beat up with the dollar rallying. could you include thoughts about gold/silver, wheat and corn. Thanks for all you do.

By: KevinK

KevinK — Wed, 02 Aug 2023 15:57:01 +0000

In reply to Scott. Maybe, but then again maybe not. Especially today. Apple might be able to help fill that gap Friday with stellar earnings after the bell tomorrow, and saying AI 15 times in guidance.

By: Scott

Scott — Wed, 02 Aug 2023 15:33:55 +0000

Do NOT get bearish. There is little chance we leave these futures gaps behind for long.

Looking to BTD at some point today for the gap fills.

https://rightsideofthechart.com/wp-content/uploads/bpfb/2910_0-19677800-1690990382_1031-bbb.png