Comments on: QQQ & SPY 60-minute Charts

By: FrancisQ

FrancisQ — Wed, 13 Jun 2018 10:34:10 +0000

Agree.
.
Just want to add. January’s rally occurred AFTER 15 months of practically continuous grinding up, but this rally preceded by 4 months of consolidation. Hence low VIX.

By: gogators0228

gogators0228 — Tue, 12 Jun 2018 22:40:59 +0000

I just want to mention one thing. The SPX climb from recent levels is identical to the one experienced in January. The daily graphs are close
to being mirrored. with one exception, no rallying VIX alongside a rallying SPX. I am still rather bullish at this point but will expect somewhat of a
pull back to 2768. Also take note this is the summer. We make ATHs on the SPX this summer.

https://onlinelibrary.wiley.com/doi/epdf/10.1111/fima.12182

By: gogators0228

gogators0228 — Tue, 12 Jun 2018 21:00:30 +0000

In reply to rsotc. SPX very close to the november 2016 trendline. I expect that to be touched before making a downward move or further extension

By: stock51

stock51 — Tue, 12 Jun 2018 19:33:03 +0000

and now it is back up.
It is all Machines, ALOG

By: rsotc

rsotc — Tue, 12 Jun 2018 18:46:19 +0000

In reply to mwright. There may very well be a news headline that sparked that dip but seems like the typical pre-FOMC noise (rips & dips but going nowhere in the end) to me. This is a 1-minute (candlesticks) chart of SPY over the past few days:

By: mwright

mwright — Tue, 12 Jun 2018 18:31:25 +0000

something just broke on the markets nasdaq dropped 30 points in 30 minutes.