The ACD Method

I'm really surprised the VIX has barely responded to the selloff today. Very disappointing as well. Outside of the Aussie Dollar, I can't find the panic in volume, the VIX or in bonds.

Or the Euro for that matter which is barely down.

 

Equities have held in relative to the euro in the past month or so...maybe just playing catch up at this point.

 

If we confirm here the flood gates might open on the downside.

 

Euro spiking! Massive spike.

 

Ya saw that spike..SPY didn't confirm at my A-down just yet! Look at the SPY tho...didn't react much to that spike!

 

Hmmm, I wonder what that was all about.

 

Saw that, and the UUP just took a hit. Equities kinda sorta got a bid off of it...

 

Looked like ECB intervention.

 

Is there a specific reason why you multiply XLF by 10? The spread looks similar no matter if it's SPY/XLF or SPY/(XLF*10). Or is it just to reflect the relative position size you would trade?

Btw, my weekly A down for ES is indeed right in the middle of the range of 1165-1175 you mentioned before

 

Sure enough, the weekly A down in ES is 1166.75!

So that's my level to watch this week. Both the monthly and weekly A down.