The markets are having a bearish reaction to the worse than expected CPI data, but there is still hope for tomorrow’s PPI and jobs data. SPY has dropped into the light blue channel, between $508 and $517. I think a rebound could form here, and tomorrow’s data will be important for determining whether the markets bounce back here.
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There is a lot of volatility in the markets, and the VIX has spiked up 18% so far today. The VIX is attempting to flip this white resistance line into support around $21.75. The rise in the VIX suggests volatility, market fear, and uncertainty. I think there was a lot of uncertainty headed into today’s […]
Read MoreIWM has dropped back into the white zone, and is attempting to flip this white resistance zone into support. I think we are seeing a bullish rebound forming already, and the price needs to stay above $210.44 to remain bullish here. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreDivergence between Sahm’s rule and insured unemployment rate, which means the Sahm’s rule could be giving a false signal here. Should be interesting to monitor over the next few days and weeks. The market is having a positive reaction to this news. The unemployment rate improved slightly, as it decreased from 4.3% in the previous […]
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There is a lot of volatility in the markets, and the VIX has spiked up 18% so far today. The VIX is attempting to flip this white resistance line into support around $21.75. The rise in the VIX suggests volatility, market fear, and uncertainty. I think there was a lot of uncertainty headed into today’s […]
Read MoreIWM has dropped back into the white zone, and is attempting to flip this white resistance zone into support. I think we are seeing a bullish rebound forming already, and the price needs to stay above $210.44 to remain bullish here. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreDivergence between Sahm’s rule and insured unemployment rate, which means the Sahm’s rule could be giving a false signal here. Should be interesting to monitor over the next few days and weeks. The market is having a positive reaction to this news. The unemployment rate improved slightly, as it decreased from 4.3% in the previous […]
Read More