All Hallows Eve

Another after-hours, another VIX dump and ES pump.  But, this one looks a little different from the others.DXY is still wobbling a bit, leaving USDJPY in backtest mode.  With one session to go, can October pass without dealing any tricks?

continued for members...Just a quick chart dump, for now, as I have to run out for an unexpected meeting.

DXY declined to push above the white channel .786 line, but found support at the rising midline.

A backtest of the purple midline is still possible — though I think it’s still overbought.USDJPY – still backtesting.CL has reached channel (.786 line) resistance and the .886 Fib resistance.  Make it or break it time for this break out.  I’d try shorting, but with tight stops.Ditto for RB, which remains at resistance and should turn down any day.ES has popped 5 points primarily on VIX’s overnight slide……probably because SPX needs to pop above TL resistance.And, last, GC is probably heading for that SMA200 tag we talked about.

I’ll be back asap, and now have lots of USDJPY and RB charts to post.  GLTA.

 

UPDATE:  3:35 PM

About what you’d expect from the last day of the month…VIX and CL supporting stocks (while the USD and USDJPY tread water.)  I’m a bit disappointed that RB and CL didn’t sell off today.

I suppose keeping stocks afloat is more important, for the time being, than keeping inflation under control.  The times before that we’ve seen this happen, CL and RB sold off soon after the end of the month/quarter/year in question.  I’ll focus more on this and try to hash it out this evening.

Note that VIX is bumping along the bottom of a rising channel — in perfect position to goose stocks if need be.  Those playing the channel bottom would do well to keep their stops plenty tight.