pebblewriter

Tag: BTC

  • Charts I’m Watching: Sep 12, 2022

    Futures are up modestly on light volume algo action in advance of tomorrow’s CPI data.

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  • More VIX Games

    The algos were back at it yesterday, pumping stocks higher via VIX and the USDJPY.  Note that VIX dropped back to the TL which it broke below in August.

    This brought ES within striking distance of a backtest of its latest H&S Pattern just in time for next week’s CPI data to drop.continued for members… (more…)

  • The ECB Chooses Stagflation

    Futures are off moderately in the wake of the ECB’s decision to impose a 75 bps rate hike – its highest ever – on an economy already reeling from spiraling inflation and weakening economic activity.

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  • Charts I’m Watching: Sep 1, 2022

    Futures are off about 0.5% this morning as the economic data was somewhat better than expected.

    It’s an important juncture for the market, as USDJPY has reached our 139.43 target at the same time that ES is approaching our 3902 backtest target.

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  • Powell Lays it on the Line

    Markets finally got the message. Or, maybe Powell finally put it plainly enough: there will be more pain before the Fed eases.

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  • Charts I’m Watching: Aug 24, 2022

    Futures are flat after enjoying a modest overnight ramp.

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  • More Where That Came From

    Yesterday marked the second day in a row of sharp declines in the equity markets following the 200-day moving average backtest and the passing of OPEX.There’s more where that came from.

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  • Charts I’m Watching: Aug 22, 2022

    Futures are off sharply this morning, reflecting the lack of support behind the runup to the last two options expirations.

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  • Update on Bitcoin: Aug 19, 2022

    BTC is off over 7% this morning. It has spent the past two months in a flag pattern – a small channel which interrupts what in this case was a strong downtrend. It’s normally a continuation pattern, meaning that the downtrend is expected to continue following the interruption.

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  • Maintaining an Even Strain

    Looking at the bounce since Jun 16, I can’t help but think of Chuck Yeager’s ill-fated journey into space.

    Futures are up very slightly this morning, fixated on maintaining prices through tomorrow’s massive option expiration.VIX: an excellent example of maintaining an even strain.continued for members… (more…)