If there is anybody here who thinks that US markets are going anywhere north WITHOUT the banks and financial sector, Come forth now so we can have a good look at you. The candlesticks for 3/19/2019 for both XLF & KBW are BEARISH ENGULFING. Yikes! Vix BULLISH ENGULFING candle on weekly 3/22. The hurdle that Vix gotta cross is the 200-day ema. Macd is suggesting its already a done deal. We need proof from PRICE
Now dig this! Nobody, I mean not a single soul in the Financial Media expert circles has noticed thatVix RSI is having a difficult time going below 40 but going over 60 is a breeze. There is a message in there somewhere. Tendency is northbound is the obvious explanation, but ....... We did penetrate RSI 40 in Feb. Let's see if we can cross RSI 60. I use RSI(21)
Current analysis... ------------------ She's complicated so playin' her is an art If she likes you she'll give you support When she arrives i'm always on red alert Because here theres no money in following the herd Her height is good but most people think of her short Okay... Let me reveal her to you.... They call her the FOURTH. -------------------- For the noobs: (She looks good btw and only likes people with a BACKBONE, and stop staring her in the eyes (pic related), see the bigger picture.)
No change in stance, no change in poitions, everything as-is. 20-min. chart: Spy attacking the 200 from below, Vix attacking the 200 from above. Aha, so what's the big deal? Attacking from below a downsloping 200 has hi odds of failure. But in this market all sorts of rules are already broken. So pkay by ear
In the meantime. ....... United Kingdom's (yes, the orginator of the current Empire) London FTSE Index has sooooo nicely honored Fibo when it arrived at the Golden Ratio and saluted me. Then promptly reversed. But saluted me why? I'm nobody. Because she knows I love England, the beautiful people with accents like sheer poetry and my best-est friend is from Glasgow, Scotland. That's why. . . I am missing that cup of tea right about now and the warm whisper of a waitress asking, "would like some cake with your tea, Love?" See weekly chart for the Fibo grid in white But wait, there's more. Yet another discovery of Fibo, as usual all on his own, the dark yellow grid gives a perfect 423.6% hit for the entire wave 1 down.
London Footsie on Daily the same Fibo grids are shown but now Ivwant you to the uptrendline (white) for the rally from Christmas lows. Do you see why Price + Trendline is all a fella really needs? See how nicely London hit 61.8%, then reversed and found support on my Trendline. When/if this trendline breaks, its bye bye baby, BEAR will accelerate down.
SPY: 20-min. RSI system fans will note that the Bear signal given on 3/22 when RSI < 40, is still in effect as there has not yet been a cross > 60. So as per the RSI system, Short is the way to be. But that is just one system. However, Vix nicked the 40 on 3/26. So conflicting signal here.
So, where do we stand? Thread title still in force. On 20 min. for the drop from 3/21, we wave 1 down and then an A-B-C for wave 2 up. Nothing unusual..
Vix daily: This is what I want. The white trendline break in Vix. Nothing else matters now, not the land, not the woman, not the money. I came here to see SPY. Because I know that now she'll tell me what she's after. Or will she? Not not only the trendline but also the Fib grid with a solid hit at 261.8% on 3/19. Yeah baby dig it. The footprint of the Herd is sweet music to me.