Updates for Tuesday 12/29/20

Entry/exit signals for SPY QQQ TQQQ IWM SPX NDX based on VIX.
Click here for our Signal Trades.   
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Updates 9:04 AM EST - Tuesday 12/29/20

Shallow dip
Pre-market $VIX UVXY and general price actions indicate this will most likely be a shallow dip.   We've exited QuickBull TNA for now because it's acting the most bearish of all the indices right now.   There will opportunity to re-enter IWM TNA at a lower price. 

Updates 1:39 AM EST - Tuesday 12/29/20

Summary
$VIX $VXN are not showing any crash signals.  But they are showing that a dip for $SPX $NDX IWM is likely for Tuesday or Wednesday.   

Market Internals
Market internals continue to diverge bearishly from $SPX $NDX IWM prices.   These are the equivalents of dark clouds gathering on the horizon.   At some point they can turn into a nasty storm, but right now they are just dark clouds.   

Table of Support & Resistance Zones
IWM and TNA S/R levels have been updated in the table below.   Everything else remains the same for $SPX SPY $NDX QQQ TQQQ.

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​Read the rest of this analysis, and get the latest entry/exit signals for SPY QQQ TQQQ IWM SPX NDX based on VIX here.