This is the fourth time in a row that ES has pushed back into the rising channel from which it previously broke down. This one is more important, however, as it has the 50-day moving average in its sights. As we discussed last week, all the stars are aligned should the algos wish to pursue … continue reading →
Tag Archives: election
In a repeat of the most effective algo move of the past 10+ years, VIX broke down following the Fed’s no-news rate decision and press conference yesterday. As always, this allowed equities to leapfrog an area of stubborn overhead resistance. continued for members… … continue reading →
With the election today and CPI coming out Thursday, things are bound to start getting a little more volatile again. VIX can’t stay in this channel forever… Don’t forget to vote! continued for members… … continue reading →
When unexpected unpleasantness unfurls, you can count on central banks to pull out all the stops. Such is the case with the British election results which, like Brexit, have wreaked havoc on FX markets. EURGBP, having broken down from its rising red channel dating back to mid-2015, was well on its way to a perfectly … continue reading →