The 200-day ema crutch will fail. Remember the 1,600 point intraday drop? Soon to be eclipsed. When? Days-weeks after the 200-day breaks. Its going to get mean. Be ready.
Don't agree with Goldman but I'm nobody, nothing, I don't count. I say Vix is telling it like it really is, manipulation or no https://www.marketwatch.com/story/w...stors-a-wrong-reading-says-goldman-2018-05-14
we're off to the races. Vix not only took out my 13.3 entry it gapped. Vix guidance Stop = 12.75 now cast in stone Major question now is: new uptrend aborning or more fakeouts? I count 5 subwaves up in Vix = footprint of a motive wave, therefore my guess is we are almost there. What will make it there? The correction in Vix tomorrow should be a clearly discernible 3-wave structure. Then when the top taken out and we have a massive message from PRICE, "mount up LONG" TraderGod asked in another thread, "what is an edge?" This is it, has been but very few know how to work it. Vix gives higher timeframe entry/exit signals way before S&P500. When Vix registers in my feeble brain, I oil the gun, load up and wait for the S&P to blink, then I hammer it. If not, wrong, will try again, and again. Failure? My middle-name.
Nasdaq Comp. retraces 78.6%. This is a 2nd wave. But is it over or we go up again tomorrow to retest? We could. I don't know. But if we do, it should set up a nice double top on 1H with big divergence showing on Macd. Wait and see
See quote above for this specific point, "The correction in Vix tomorrow should be a clearly discernible 3-wave structure" We have it. See 5-min. chart below. Short-term hedge-funders would have cleaned out just on this one piddy, itty bitty 5-min. chart move. But I'm on high alert now because 666 validated me - rare, and he could be setting me up for a punch to the stomach ......... here's what he did .... the Vix rally hit my exact target at 423.6%. I mean, not approx., but exact and then the current correction in real-time is now at golden ration 61.8%. Yeah baby I got 666's Math down right but he can still kill me any time. He has tricks up his sleeve in reserves that ain't never been tapped yet.
Reminder to the new fellow traders here: I'm a bum, try not to take any of this seriously. There are many, so many here in this forum that state time and again that TA does NOT work. My death will prove they are right. But enjoy it by all means - how often does David go up against Goliath, no slingshot this time, but armed only with the hi-Math Golden Ratio? Just another dummy who thinks he can beat 666 at his own game.
watch trendline in lower panel on RSI(14) 5-min Vix. On breakout here, expect big green bar(s) on Vix northbound. Anything else happens that says I'm WRONG, the Empire STOP sits just under Vix low = 12.75 where its been from earlier this week