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Okay I am not a chart analyst by far but will try to provide some analysis. Last few days for SP. It took me some time to get the ranges and settings to get it right. Friday was interesting and I tried to highlight how market traded compared to last few days. Good luck.
Can you help answer these questions from other members on NexusFi?
VIX used to go down in an up market and this is the first time I watched it go up in an up market. There is something wrong and makes this instrument less tradeable that others such as SP etc. I mean if they are trying to keep it at 20 or above then checking open interest and comparing it with put vs call might worth checking.
I could not delete the previous post so plz ignore it. I could not track the market last several days due to personal reasons. There could be some problem for SP going forward. If you are in the market going out may be good idea. Here is SP chart:
I don’t deal with currency but judging from lot of people in this forum deals with currency it might be worth considering shorting it since its recent strength against other currencies and that it just may not hold it. Here is a chart:
Barrons article: "Oil Has Fallen 25%. Here’s Why It Could Rise" https://www.barrons.com/articles/oil-has-fallen-25-heres-why-it-could-rise-1542221105?siteid=yhoof2&yptr=yahoo
Despite recent news about CL reaching bottom there could be more downward pressure on CL. There are talks of production cuts but I doubt Saudis will be on board as far as production cuts for Opec is concerned given current political crisis. Besides lot more could happen between now and December. Here is a chart:
