Market Diary

Spider : Bull Flag Formation Gold : Bull Flag Dollar : slow but UP today VIX : Going towards 20 s again ?

VIX is in a good support. Even though Market rallied, VIX doesn't reflect significant change. People are scared !!

New Moon cycle starts Nov 16 - Dec 1 ST. Will that be a down cycle ?

Here is the moon cycle of the SPY

SPX is in a bullish triangle right now. when look at the VIX , VIX is in a major support. What it mean is, Monday Bulls need to try hard to break UP SPX and break down the support of VIX. Need more volume to do that, else market will be choppy towards down side until VIX reach 26 and rally

All the chart look same. Most of them hit resistance and pull back. Next Up turn could break all resistance and run more. I think most of the tickers will run until 16-25 th of the NOV.

In Diamonds daily, I got buying signal from Friday, Possible target is 105. If market is holding tomorrow at 101.90 (Daily Pivot), that is good point to get in. Notice, Percent R (daily) is 70, means there are more room to go UP. It is not over bought area yet. The Pull down or lower open (if market does) tomorrow can be a re entry to DIA .

If Market follow the pattern from last two months, the rally will last until Nov 16 th and Market could turn in to other cycle from Nov 17 th.

Dollar attained its target with big bullish candle

Technical : Gold has formed a valid reverse H&S pattern in 2 year chart Cyclical : Gold used to run up from Mid Nov to end of Feb every year .. (Person Study)

Fuel system next target 50 ?

Gold Bullish Flag

Gold is in new highs, Market still in bearish to Bullish mode in daily, Probably VIX will go towards 22-24 range.

VIX is getting in to new range even though it slow down today SPY - Day to day bearish, intra day showing some strength GLD- New high today, got daily buying signal today, Intra day buy signal got on 100.65

(c) Barrons