BPSPX:CPC still moving up. Still waiting for this one to curl over before making a large short bet. Based on this chart there is plenty of time to wait, you are not going to miss the bus on this drop because its going to be a big one.
VIX daily is compressing. Again it can remain in this state quite a while before it explodes up.
Note the green verticals. I am looking for the daily to cross the 50ma on this one.
Now this is the reminder of the big picture. Thats the biggest HS pattern EVER...
Now a close up view of the hourly. We have multiple rising wedges on SPY. Still it can easily pop out to the top in the short term. But soon we are going to see a drop.
BPSPX:CPC still moving up. Still waiting for this one to curl over before making a large short bet. Based on this chart there is plenty of time to wait, you are not going to miss the bus on this drop because its going to be a big one.
VIX daily is compressing. Again it can remain in this state quite a while before it explodes up.
Note the green verticals. I am looking for the daily to cross the 50ma on this one.
Now this is the reminder of the big picture. Thats the biggest HS pattern EVER...
Now a close up view of the hourly. We have multiple rising wedges on SPY. Still it can easily pop out to the top in the short term. But soon we are going to see a drop.
