ROWPartners

To add to the last post on $VIX
Brought to our attention
THIS IS INTRADAY & need to see the close & volume
$DJI & $SPX bearish engulfing
$MID & $RUT forming reversals
Cautious Bull...
As stated before...
Consolidation before next move would be a PLUS

$VIX 1HR forming Inverse Head & Shoulder
$SPX could use a small pullback before going higher
BUT, if momentum = strong may not see much selling
4HR $SPY not showing much
HOWEVER
The 1HR shows $ flow & buy volume lessening
Since late March dips have been bought though!!!

$VIX 1HR
Could use a small pullback before $SPX goes higher
BUT, if momentum is strong may not see much of a pullback
4HR $SPY not showing much
HOWEVER
1HR shows $ flow lessening & buy volume lessening
Since late March dips have been bought though!!!

Going to keep making the same claim
It's good to see the $BTC BUYS coming in
If we get another Green Bitcoin BUY week = 4
3 has normally been a good catalyst
BTC is leading the pack in PRICE BUT look at the $ETH buying since the lows!

Some BEATEN down Software names & showing "clean" charts with a Fibonacci
$CRM
$NOW
Both have gap ups, Service Now = 3, that may get filled
Of course, this FIB sequence only matters IF this is the bottom

$USAR provided a steal sub $17+ which is the cost basis for the US Govt
We bought $USGG alongside as the "trade" position
Looking for 2x-3x
If things keep going the same way then there's no reason it can't test the 21 then the high 20's - low 30s

$DJI red
$NDX Closing in on ATH
$SOX red
$SPX testing ATH
Nothing⬇️or⬆️up
Sure, there's a TON of reason to be a bear, this has been the case since 2008
BUT, as we've said for years, MARKETS TRADE DON'T TRADE as most think
IMO nowhere else can you make $ vs inflation fast

$BTC couldn't hold above Yellow Line
Daily resistance = far too strong
IF Bitcoin is going to break out it must be soon
BTC momentum is certainly there
Weekly there's a GAP, RARE, so IMO FILL is in order
Wouldn't be surprised if the BLUE Moving Avg is there when it does
Crypto

We turned neutral & then bullish at the end of March
$DJI $NDX $SPX Broke downtrend days ago
Volume is NOT great but good enough
Keep eye on oversold levels
Taking more Leveraged ETF's off
$TQ $SPYU $UDOW
Have sold some leveraged individual stocks like
$RIOX $CRWG $CLSX

1/2
We're more Bullish on Bitcoin
$BTC
Buy volume isn't heavy but sells not around
(Needs to be heavy on BREAKOUT)
Over 2 Months to base
$ Flow is good
RSI highest in months
Moving avg made HIGHER low
Bullish crossovers
BTC is making a STRONG CASE for Crypto

When $btc first hit that 60karea it looks scary
Then made a brave call around 65k
Traded it a bit but held the original stash
Then we bought sub 68k
Bitcoin has been looking better and better & it's been about 3 months

Big Daddy is leading again
$BTC > $ETH > $SOL > $XRP
Crypto Bitcoin Ethereum Solana

Volume is not great but it is still holiday
$DJI $NSX $SPX
Stocks

🚨🚨🚨
$VIX BREAKING DOWNTREND
Stocks making push, let's see where indices close

Being that we have 3x and 2x leverage we are taking some things off the table...
Why?
$DJI $NDX $SPX
Also... see the NEXT post...

Tomorrow tends to be Tank Thursday
+
$VIX is at the trendline
Opinion
Being that we have 3x & 3X longs bought last week we are taking risk off the table
Will see how the rest of the day goes
Breaks the trendline = BOTTOM is IN

$VIX shows negativity for indices
However, 1Hr charts formed the Inverse Head & Shoulder pattern we spoke about recently
$DIA & $IWM are showing more strength, higher right shoulders, than $Q & $SPY
$DJI $NDX $SPX $RUT
Still think it's strange that small caps stronger

$VIX is the opposite of $SPX atm
RSI is strengthening
Bounced perfectly off the 40 Day Mov Avg
End of day is very important
BUT
As of this moment, not looking good for markets
AGAIN, end of day is very important

$DJI stopped cold by the 21 Day Moving Avg & currently bouncing off the 10 Day Mov Avg
Which side holds will determine if the "idea" of a lil more juice will hold
RSI & Money flow is still good
Ditto for $SPX
FYI as we typed RSI curved lower for BOTH indices

Oil retesting the recent highs
May retreat once it gets closer to 120 area to rest again
IMO this move looks organized & will break 120 before this is all over
$XOM $C $USO