Updates for Wednesday 7/15/20

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Below is a time-delayed excerpt from our live updates for members.

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Updates 11:58 AM EST - Wednesday 7/15/20
Short-term Trades
The long TQQQ position got stopped out per our 10:10 AM  post.   The short position TZA got triggered per 11:20 AM post.  

Market continues to send out bearish short-term signals.

• $VIX is continuing to coil upward.   
• $SPX IWM have formed tops in their orange resistance zones and have started to drop sharply.
• $NDX is marching downward.

Updates 11:20 AM EST - Wednesday 7/15/20
Short-term Trades
We now have more data.  $VIX is forming a coiling pattern on its 5-minute chart.   It is coiling upward.   This is bearish.

$SPX looks most vulnerable.   It may retest the morning high, but most likely won't surpass it.

$NDX is not finding the usual buy-the-dip buyers to raise price up quickly.  It is struggling and is likely to continue dropping down.

$RUT IWM small caps were surprisingly the most bullish.   But it looks like TZA is ready to rise now.   TZA may still retest 18.7 but it most likely won't drop below that.

We will update our current Signal Trade very shortly. 


Updates 10:10 AM EST - Wednesday 7/15/20
Short-term Trades
We are seeing the following combination:

• $SPX IWM have gapped up into the top of their orange zones and are running into resistance.   
• $NDX is struggling to rise.
• $VIX has dropped down into the zone between 27 and 28 pre-market.   It rose up sharply and is now continuing to coil upward.  
• $VXN dropped slightly, and is readying to rise back up possibly.

The data is somewhat conflicting.   We recommend continuing to tighten stop on long positions.

If $SPX IWM continue to run into sellers at the top of their orange resistance zones, then manually exit long.   

​At the same time, you can enter into a small bearish bet to start against IWM (via TZA for example).

Updates 9:18 AM EST - Wednesday 7/15/20
Short-term Trades
We are seeing the following combination that we discussed at 1:15 AM. 

• $SPX IWM will gap up into their orange zones.   $NDX not there yet.
• $VIX has dropped down into the zone between 27 and 28 and is starting to reverse.
• No pre-market data for $VXN.

We recommend tightening stops on your long positions.   
Do not enter short yet.

Updates 1:15 AM EST - Wednesday 7/15/20
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