Page menu

Monday, August 16, 2021

Market Update 8/16/21 - a look at the week ahead

 Futures look weak, and no doubt the $VIX is bouncing out of the hole, as predicted last week. In fact the $VIX has traded into a bullish inverted head and shoulders pattern, so... 

$VIX (fear gauge) - Res @ 16.65, 18, 20 (of course), and 22 (going into next week), the Monday, after OPEX Friday. Could be the bulls are not going to get paid on their bullish call bets this time around? 

Looks like China growth has hit a speed bump, and now we know why it's been selling off for several months. 

Oil pulls back to the level I pointed out on last weeks chart - bullish consolidation.

I could spend another 2 hours on this update, but I got a late start. More in the next update. 
You can usually find the latest update pinned to my twitter home page.  

Until next time, good luck, AA 

No comments:

Post a Comment