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The Ord Oracle August 23, 2022

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SPX Monitoring Functions: Impartial.

Monitoring Functions GOLD: Lengthy GDX on 10/9/20 at 40.78.

Lengthy Time period SPX Monitor Functions: Impartial.

The underside window is the “% Bollinger Band” for the VIX/VVIX ratio. Brief-term lows can kind out there when the “P.c Bollinger Bands” for the VIX/VVIX ratio reaches above it higher Band, and that occurs when the “P.c Bollinger Bands” >1. The present studying is +.64. A speedy rise within the VIX/VVIX ratio exhibits there’s panic out there, and panic types when the market is close to a low. Haven’t got the readings fairly but to kind a stable low out there.

TICKs closed yesterday at -817, which exhibits exhaustion however TRIN closed at 1.14, which is close to impartial and the mixture just isn’t giving a transparent sign for a low right here. The VIX may help to outline a low (present panic) whether it is rising shortly. The 2 day “Fee of Change” for the VIX >30 exhibits panic out there, and yesterday’s studying got here in at +24, not fairly the extent that’s wanted to point out a low out there. As we speak’s quantity was lighter than Monday’s quantity, and so the market could try and bounce short-term and take a look at yesterday’s down hole. I do not imagine a worthwhile low has fashioned but. We’re within the third quarter of the yr, which is the worst-performing quarter of the yr. We may even see a back-and-fill market into late September.

Above is the weekly ETF for Silver (SLV) This chart goes again to 2007 and exhibits the occasions when the weekly RSI for SLV traded under 30. The week of July 22, the weekly RSI for SLV closed at 28.43. We identified the opposite occasions on the chart above when the weekly RSI fell under 30 and all got here close to intermediate-term lows, some even close to long run lows. Discover additionally SLV is at a help line courting again to 2014, which provides to the bullish setup.

Tim Ord,

Editor

www.ord-oracle.com. New Guide launch “The Secret Science of Value and Quantity” by Timothy Ord, purchase at www.Amazon.com.


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