Sven Henrich via Northman Trader

Markets down two weeks in a row right before another Fed meeting and quad witch options expiration next week.
In this week’s episode of Straight Talk I’m discussing the prospect of more volatility to come into October and November, but also the potential for another rally. The dollar, $VIX, the Nasdaq, along with Gold and the US dollar are all key moving parts as we approach what may be a pivotal week in the short term.

You can access the podcast by following the link below:

The main message of the last two weeks: Technicals matter and this week I highlighted some critical charts to watch in Key Charts. If you haven’t seen the charts I encourage you to check them out as they matter in the macro picture and so you know where I’m coming from.

For additional context I’m also including some charts below that I’m referencing in the podcast above. Namely:

$VIX futures, the regular program of $VIX crush into OPEX:

The apparently regularly scheduled Friday $VIX crush program, along with the potential bull flag building:

Also: The potential bullish falling wedge pattern in $NDX that currently remains unconfirmed.

First when we identified it on our private feed on Friday:

And the subsequent bounce off of the trend line:

Yet with full cognition that $NDX has broken its trend and is therefore at risk of further downside:

And finally not only the dollar breakout, but how metals and Gold specifically are under pressure when the dollar rises:

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