Ep198: The VIX Goes Through 16, And The Whole Market Stops Participating
Summary
The host warns that while the S&P 500 index appears stable, underlying breadth is deteriorating as fewer stocks hold their moving averages. He highlights a VIX spike and deteriorating sentiment data, noting that only 43% of stocks are above their 50-day moving average. The episode analyzes SPX futures and gold for potential bearish breakouts, while also tracking Bitcoin’s rounding top and support levels.
Topics discussed
Market breadth failure and VIX breaking 16
VIX outlook and potential for a market correction
Gold price analysis and retracement levels
S&P 500 swing trading levels and point and figure
Futures chart analysis and Asian session patterns
Bitcoin technicals and target zones
Sentiment analysis: 50 and 20 day moving averages
200-day moving average participation and bearish signals
Midterm election season and historical bearish trends
Premium Poppers day trade system results
Data-driven trading philosophy and conclusion
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