Ewj: elliott wave

Since about May 20th, the VIX has been "mucking around" the 30s region.

This daily perspective does seem corrective, which means, possibly more downside for the VIX.

So when VIX goes down, the markets should go up. :)

VIX Daily

PS: A family emergency has kept me away from the markets. I will need to be away for a few more weeks at least but I'll be lurking whenever I can... :D Trade well! :)
 

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The Lowry market timing service notes that volume on Monday was 90% to the downside. That is usually a tell-tale sign that the Bears are back in control . . . The only caveat being that it was the day after a quadruple witching expiration.
 
FOMC notes come out and there is nothing about further purchases of U.S. Treasuries . . . rates go up, Dollar surges, and equities come under pressure.

It's ALL about the USD folks!
:)
 
This spurt makes no sense on the daily chart for my ew count. Im looking for a tail in the daily candle tomorrow to grab some puts on the quarterly spys. Who called um a lotto ticket? Someone in this thread heh. Expire soon, cheap but deadly. :eek: They wont be a lotto ticket for me, I'm gonna be cheep, aka I'm scared by the bulls. :p

I used to hate drills in the army. I remember this command. "Right shoulder, ARMS" Check out the daily spx chart. I'll know pretty quick if I'm wrong.
 
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