Without overloading this post with 1000 charts
I'm only going to post 1
Part of my daily US vix futures chart
There are 2 types of pullbacks
Real ones & fake ones
Currently we are experiencing a fake pullback with everything being bought up
The green circles are the June & current pullbacks
The red circle was the august/sept pullback
Orange lines are the old 2022 vix range
The purple lines are where I'm guessing the new 2023 vix range will be but until it prints a true market top, I don't want to make any promises
The yellow arrow is where I can confirm true market direction
Below that & you need to be holding long positions
Above that & you need to hold short positions
As soon as the fence breaks below, blue arrow will target true market top
Atm it's doing nothing but absorbing everything that is being sold
I thought they would run out of time last night but apparently they can squeeze 1 last nothing trade. Either bullish support has to break & market trade true bottoms, or bearish resistance finally fails & markets can start climbing back to target the true market top
In regards to the xjo for today
We are currently in the 7060 & 7120 range from yesterday (puts us in the 7040 & 7100 range by close)
7040 is also the bullish support on my hrly chart
Until this level breaks, I have to believe xjo is currently trying to turn bullish again
I expect bosses to try take that out & target 6990 before we wait again for the US to see if they roll over for 1 last drop before going for the next Jan/Feb rally & then the next proper march correction
Or if the xjo can defy the US like, Europe has been doing & manage to hold 7040 today
AUD has pulled back a little but remains in an uptrend trading within December levels
Supports bullish charts atm, but can change
Bond yields also well below their recent spike levels
Also support bullish charts but can also change
Vix continues to sit on the fence
Breaks below & it supports bullish charts
Spikes from here & markets turn bearish again
Sorry if none of this helps, but there are too many charts that are still all out of sync![]()
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