The potential bearish Head & Shoulder has been busted, instead with an extraordinary deployment of strength bulls have achieved a “V” bottom breaking out of a Bullish Flag. Sp 500 is back in the upper range of the one year trading range only 35.66 handles from the May 2015 all time high. It seems probable […]
Latest TWT Analysis posts
Weekly time frame: SP 500 breached the support at 2040 (And the assumed neckline of the widely watched Head & Shoulder), dropped towards the 50 wma = 2024 but instead of gaining traction to the down side it recovered the 2040 support line ending the week firmer with a bottoming tail (Doji). In my opinion […]
Latest TWT Setup Watchlist post
On May 5 I posted a posted a potential short setup that did not pan out In my opinion today there is another potential reversal pattern: A small Rising Wedge could have concluded a Double Zig Zag from the January low, probably establishing the wave (A) of a large Zig Zag Tomorrow I will open […]
Latest Analyst corner post
Author: Hedgopia In all five sessions last week, spot VIX got rejected at 16.50, which at the time also approximated the upper Bollinger Band. This is not any plain-vanilla resistance. It goes back two decades.