Entry/exit signals for SPY QQQ TQQQ IWM SPX NDX based on VIX.
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Updates 9:04 AM EST - Tuesday 12/29/20
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
$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 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.
Read the rest of this analysis, and get the latest entry/exit signals for SPY QQQ TQQQ IWM SPX NDX based on VIX here.