The 20 Day Range MA’s for selected pairs is directly below, updated from a few
weeks ago.
A couple of changes worth noting … for crude oil, Natty Gas, & the DOW30, I
break the ranges down further and give NY session ranges, and as you can see in
all 3 markets, for the most part New York rules the roost … energy VIX seems to
be stumbling some, while FX is approaching levels that can’t be sustained
… “Stock Bellies” can stay this elevated and go even higher, but they are a little
bit overstretched at the moment … wouldn’t surprise me to see some cooling off
just a tad … but given world events and a clueless FED, all bets are off on
that score.
We’ve gotten our wish of more VIX, now all we need to see is “trading” and nix
with the straight line shots from Hell that have little to ZERO corrective activity
… it’s all cyclical of course, and everything has to happen at some point, but it’s
annoying as a bug in your pants to witness these low probability events
unfolding one after another … onto the week.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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