IN THE SHORT YOU NEED TO INCREASE YOUR PRUDENCE

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I’m watching…

the Vix and the COUNTDOWN suggests we are approaching a dangerous point

VIX is nearing full exhaustion with the Sequential on day 12 of 13. Once this happens we should be watching out for a price flip up, and that should occur within the next 10 days.

If I also add the discretionary chart with some indicators that I use for confirmation, I see that we are also approaching – SP500 daily – the test of the MA 200 and the bearish trendline. So VIX + short-term overbought = ALERT
You must increase your prudence and evaluate your risk in this phase: also considering that the best period is BUY HALLOWEEN & SELL THANKSGIVING then the view confirms to be prudent now

A CONSOLIDATION OF THIS KIND?

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Stefano Bottaioli Maggio 30, 2023

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Hereby the last Report… from Riesner particularly interesting Tomorrow I’ll comment with other thoughts Enjoy the reading GMCPTechnicalWeekly30-05-2023 You

Stefano Bottaioli Maggio 30, 2023

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