Investing
Haven
No Result
View All Result
Forecasting Global Markets
  • Login
  • 2023 Forecasts
  • Stocks
  • Commodities
  • Silver
  • Lithium
  • Crypto
  • Top AI Stocks →
  • Top Silver Stocks →
  • TOP ENERGY STOCKS →
  • Top Lithium Stocks →
  • CRYPTO SELECTION →
Investing
Haven
  • 2023 Forecasts
  • Stocks
  • Commodities
  • Silver
  • Lithium
  • Crypto
No Result
View All Result
InvestingHaven
No Result
View All Result

Markets – Volatility Spike Delayed With 2 Weeks

by Taki Tsaklanos
June 04, 2023
in Markets & Stocks
0
markets
Share on FacebookShare on Twitter

One of the most reliable leading indicators broke down last week, on Thursday. This implies that the market may move higher for another 2 weeks. We continue to be cautious going in the 2nd half of June. One thing is clear: those predicting an epic market crash last year or this year got it completely wrong. 

We follow up on the article we published last week: Enjoy The Party But Watch Out June Won’t Come With A ‘Happy End’:

On the one hand, the number of bulls is rising, too fast, presumably, especially if a debt ceiling deal will be confirmed.

On the other hand, the leading indicator that we trust most, say the leader of all leading indicators, is already working on a turnaround. There is a reason why this is the leader of all leading indicators: it reacts way before the rest of indicators. Below is VIX of VIX, one of the most important charts which we feature every weekend in our Trade Alerts market analysis. Its rounded pattern is bullish, while the Nasdaq may be making a higher high, VIX of VIX is also making a higher low (inversely correlated to stock indexes).

We concluded: “We firmly believe that the end of June will the opposite of early June: higher first in June, much lower in the last days of June.”

What we noticed, in the first 2 days of June, is that the laggards started to catch up. Value stocks were in la-la-land, vulnerable in June, they started to catch up on June 1st and 2nd. That’s good, from the perspective that the end-of-June selling might bring them back to support but not lower! We were concerned about the NYSE Composite Index and Russell2000 index losing support, as explained in This Leading Indicator Loses Bullish Structure, Now Very Vulnerable:

The Russell 2000 chart’s loss of its bullish structure raises concerns about the vulnerability of this index and potentially the broader market. As a leading indicator, its performance offers valuable insights for investors and chartists seeking to navigate the ever-changing market landscape. The breach of the rounded pattern and the prominence of falling trendlines underscore the importance of key support and resistance levels.

We explained, in today’s weekend alert in Trade Alerts, that our favorite leading indicator flashed a positive signal – VIX of VIX came down, broke its 12 months bullish pattern. Remember, volatility indexes are inversely correlated to stock indexes.

While this ‘event’ may sound super bullish, it is more nuanced. This is what we wrote to premium members today:

VIX of VIX expects some more upside potential. The volatility spike is delayed, but risk is not gone. We believe that VIX of VIX is starting to align with our ‘last 10 days of June’ volatility spike. We have some 2 weeks with a bullish bias in SPX, in other words.

Everything is lined up for a drop in the last 10 days of June, which might (could, should) qualify as a ‘buy the dip’ opportunity. No need to feel FOMO’ed until the end of June / first week of July.

More market analysis in our Trade Alerts service. You can also outsource your S&P 500 trades by following our auto-trading service.

VVIX leading indicator

Receive our weekly newsletter.

*We hate spam as you do.

premium service trade alerts   premium service trade alerts   premium service crypto teaser  
WARNING: InvestingHaven.com, our site, is not affiliated and has no connection whatsoever with Invest Haven Group on Invest-Haven.com or Investing-Haven.com. InvestingHaven.com did not have and will never have sales reps. Do not accept financial offers, certainly not by telephone, this is why >>
Taki Tsaklanos

Taki Tsaklanos

Taki has +15 years of experience in global markets. His methodology is unique and effective, yet easy to understand; it is based on chart analysis combined with intermarket / fundamental / sentiment analysis. His work appeared on major financial outlets like FinancialSense, MarketWatch, ... Email: taki.tsaklanos@gmail.com. Twitter: twitter.com/investinghaven

Latest

stocks forecast

How To Know When The S&P 500 Confirms A Bullish Turning Point?

September 28, 2023
cryptocurrency forecast prediction

The Most Bullish Cryptocurrency Chart Setup Of October 2023

September 28, 2023
leading indicators

Will The S&P 500 Find Support At Its 200 Day Moving Average?

September 24, 2023
uranium stocks

Is The Breakout In The Uranium Market Confirmed?

September 24, 2023

Connect with InvestingHaven

Receive top notch forecasts for free.

*We hate spam as you do.

Categories

  • 2023 Forecasts
  • Stocks
  • Commodities
  • Silver
  • Lithium
  • Crypto

Site Navigation

  • RSS Feed
  • About us
  • Mission 2026
  • Sitemap
  • Privacy & Disclaimer
  • Terms of Service
  • InvestingHaven vs. Invest-Haven
  • Contact Us
Investing
Haven

Top notch forecasting with gold price forecast, many stock predictions, cryptocurrency charts. Many investing tips and crypto market analysis.

Copyright © 2023 InvestingHaven

No Result
View All Result
  • 2023 Forecasts
  • Stock market
  • AI Stocks
  • Alternative Energy
  • Lithium Articles
  • Lithium Stocks
  • Silver Articles
  • Silver Stocks
  • Crypto Articles
  • Premium Crypto Research
  • Premium Services & MyAccount

Copyright © 2023 InvestingHaven

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

    InvestingHaven.com honours your privacy. Read our Privacy Policy