Updates for Tuesday 11/24/20

​Click here for our recent Signal Trades.   
Below is a time-delayed excerpt from our live updates for members.

Updates 1:36 AM EST -  Tuesday 11/24/20

Summary
Big Picture:  $NDX $SPX IWM are still in an up trend from a big picture perspective.   $VIX $VXN are back to sending out bullish messages as they resume their downward drop.

Short Term:   IWM has been shooting up like a rocket, but $SPX and especially $NDX may not be done consolidating yet.  

Market Internals
Market internals are back to sending out all bullish messages.

Table of Support & Resistance Zones
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$VIX $VXN 
The overall message from $VIX $VXN is quite bullish.  No crash.  No major fear spike in the short term.  

On Monday, $VIX $VXN rose up a small amount early, but that quickly fizzled out.   And now their charts are sending out the bullish message again.

Subscribe to get full access to $VIX $VXN charts.

$NDX 
Monitor the pennant pattern that $NDX has been forming.   This is another way to look at the boundary of the 3-peak consolidation pattern we've discussed before.  

$NDX daily chart below shows some key signals to look for to confirm the potential bullish breakout.

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$SPX 
Overall, $SPX pattern is quite bullish.

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IWM 
While we entered into a TNA position in Signal Trades, we have some doubts about IWM TNA ability to continue rising so sharply in the short term.   So we recommend tight stops to protect your IWM TNA profit.   

Also take a look at the low-risk bullish setups that IWM typically forms after it has pulled back from a fresh high.   It may be a much better low-risk high-reward setup to wait for the next "pinching" of the 20 and 50-day.

Subscribe to get full access to IWM chart.

Signal Trades
With the renewed bullish messages from $VIX $VXN and market internals, there is no need to hedge our long positions right now.   We have updated the exit targets such that some positions will be Quick Swings and others will be Big Swings.   

Please check Signal Trades for our current positions.   Note the Watch List also. 

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