Still carefull
Today will be important, watching SVIX and VIXY!
Not much changed, the VIX is still trending on the hourly, outside of Bitcoin not much clean price action.
I am not interested in the price action of the Russel here, I am much more interested to the reaction of my models, and that reaction is not hot (see description of the above chart).
Therefore: The situation is very different to my Quad 2 call on the 3rd of November 2023.
Quads (Network Momentum) on the 3rd of November:
Quads now:
We need to see a rebuy signal (GEX up while SPY down for a day, or GEX up a lot and SPY up just a little: e.g. positive divergence) from the GEX here, otherwise I am not interested in taking on a ton of risk:
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