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the "smoothed" 55,2 %B ( 0.53 = current value ) for the Inverted $VXO
has bounced back up to the 0.50 region as of 2:19 pm Eastern time today, August 24, 2021
meaning neither bulls nor bears have an edge at this single moment using
this as the sole method of risk / reward assessment
shown above is the $SPX daily closes chart displayed with:
* the 3 and 89,2 EMA smoothing of the invisible
55,2 %B for the invisible inverted $VXO
* this alternate version shown above adds at the chart bottom
the pure & not smoothed 55,2 %B for the invisible inverted $VXO
* potentially actionable items are:
1. the white and dashed green horizontals
placed on the 55,2 %B portion of the chart scale, as well as
2. the 3 EMA crossing above or below the 89,2 EMA thereby treating
the 89,2 EMA as the signal line, as well as
3. the 3 EMA and/or the 89,2 EMA crossing above or below the 0.50 dashed green horizontal placed
on the 55,2 %B portion of the chart scale
** the actual timing in advance of any bullish OR bearish
directional slope divergence events by the smoothed 55,2 %B
compared to the simultaneous price direction by $SPX is likely the most important aspect
of this tool set **
Alerts of impending $SPX directional shifts are not always provided
in advance using these chart settings
==============================================================
in advance heads-up for producing Alerts using Scott's chart settings method
which is applicable to bulls & bears over time -
daily $SPX closes chart displayed with:
* the 3 and 89,2 EMA smoothing of the invisible
55,2 %B for the inverted $VXO
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