Market Diary

Spider is ascending triangle.. H&S didn't broke the shoulder line and retrace back up to resistance level right now. New range will be 960 -900

VIX is breaking down to new lower ranges..

946 -900 will be the new range for SPX. William % R is breaking UP and going to -20 level.

Here is the daily and hourly chart ranges.. In daily William % R is lowering and Right shoulder of the H&S Pattern fomation is also lowering. If market hold the re test in 900-903 range, that will be another entry point for long puts. VIX is also in 25 range and upper band is also expanding in VIX, is a conformation that market will go down.

If William % R is going down to -90/-100 level next short term support will be 848.. Otherwise going to 900 level ?

I am not used to watch tech. indicators in VIX.. even though when I saw this reverse H&S in VIX I would like to post.. My assumption in VIX, will hit 50 s.. by September.. New range of VIX will be 20- 50..

I think there are good chance to retrace back to 886 level break down to 869. William % R is now in -88 level and can go to -80 level and go back to -90/-100 level (lower level) I am working from India right now .. US Market time in India is 7 PM to 1.30 AM IST ( Indian Standard Time)

At last S&P 500 H&S Neck line broke down.. This is another good entry point for short..

VIX is heading to 33 to Upper band

Monthly bottom Range nailed today.. If william % R is going down and break -80 level, market will create new lows in daily.

The reversal day (to down) of POT is July 8 TH to July 17 th. Current range in POT is 95.57- 89.37

Nailing right shoulder in SPX today.. Wait for break down of neck line to enter in to the short.. if you didn't enter already yesterday I will be working from India next month.. Have a great long weekend.

Today was usual choppy day.. touched the upper band and sold off.. probably will go to lower band tomorrow..