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Post by birthmark on Jan 12, 2017 20:31:58 GMT -5
Sold half of my UVXY at 32.75.
Still holding other half.
Might add before tomorrow's close.
One of these days the trapdoor is gonna open and there won't be a trampoline under it!!
GL
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Post by theMist on Jan 12, 2017 20:35:23 GMT -5
This market is so bullish that S&P is in a rising channel within a rising channel. Lol
I posted charts on S&P thread. Look at hourly and you'll see more clearly the steep rising channel within broader rising channel. Obviously the steep channel it's in can't hold forever but until then were going back up. Imo
When S&P successfully back tested neckline of head and shoulders all the bears lined up seeing doom (myself included) only to get squeezed with that unbelievable throwback above the neckline. And some bears that are still holding are going to get squeezed as well when S&P retests High
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Post by theMist on Jan 12, 2017 21:11:45 GMT -5
Sold half of my UVXY at 32.75. Still holding other half. Might add before tomorrow's close. One of these days the trapdoor is gonna open and there won't be a trampoline under it!! GL Its going to be awhile imo. Contango curve didnt even bend with today's selloff. I hope we do get an overnight surprise with prolonged selling for a few days. Problem is VXX might be at 20 until then. |
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Post by jacksrbtr on Jan 13, 2017 7:44:04 GMT -5
That was an unbelievable move today Yeah - that's what SHE said! |
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