The strong data today such as GDP, Durable Orders and Jobless Claims should have contained the indexes from large drops and it did not. The link below will show you the MTD of key indexes. SPX is doing much better than NDX. This can be just sector rotation rather than the initial days of a
KEY POINTS BEFORE THINKING TO THE LONG SIDE: I need to see trading above the 50% Fib (3120 on ES) to consider the long side VIX need to trade lower for a second day AAPL should hold current levels or trade higher SPX and NDX strength should be again similar. |NDX had been much stronger.
Here you can find the NQ Chart starting in Jun 2015 and some key notations. Last week we traded to All Time Highs after the news of the Liquidity Injection My question is: WHY DID THE MARKET NOT TRADE TO LAST YEAR TOP AFTER THE CORONA-VIRUS NEWS? Current price action suggest that investor are well
#SPX Intraday ranges have increase significantly and the VIX is not showing that. Stops and targets should be modified to match current market conditions. VIX CHART
R Option still flat and so far the system did not see enough US Equity Buyers to enter long at current levels. If they do not appear I will not enter. I still read net sellers in US for September; this is likely to change as soon as the data for yesterday’s volume is published.
