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XJO - Bear Posts only (Factors which might cause the markets to fall), page-98

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Ewebute

5,740 Posts.

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20/01/22

07:34

Post #: 58993700
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Originally posted by JethroJ: ↑

The actual vix futures contract does expire on the 19th coincidentally so we are into the new one now.

Right now $xjo futures on 7350 hourly tf the pattern looks like it's flagging up, but we already tested 7380 live today and it rejected it.

Its possible futures are a bull trap and/or avoiding a gap open on the chart.

Typically with the actual US index's closing on their lows of day, I would expect them to follow through with that weakness and ignore the futures charts.

Weak closes yesterday should typically indicate more weakness until it pushes down, finds strength and moves back up.

Whereas the futures just ignore that and go lol, opening higher without retesting that low.

So I will also assume weak bounce, bizarrely people do want to buy, or indeed futures are making it "appear" that way so "buy the dip" can resume.

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The markets in the US did as expected. Pushed up at the start then fell nearly immediately testing if there's still BTD retail in the market.

At this stage is looking like the indices will close near flat (excluding the Dow).

The $vix break you highlighted before looks like it was being played with and seems to be above the line again.

See how this affects our markets. Maybe our 10y yields breaking 2% might have a greater influence.

Last edited by Ewebute: 20/01/22

XJO Value at posting: 7,332.5
2 Upvote

0 Great analysis

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