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Post by theMist on Feb 27, 2017 13:39:56 GMT -5
VXX 15 min Bear flag broke to downside. I still have a H&S (not as clean as I would like) measured target at around VXX 17.30 range And if you look at blue lines only -- can be viewed as a triangle break to downside VXX gets below VXX 17.24 and that would be a huge positive for shorting VIX SCAMs. And cycle of higher lows would be broken.
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Post by theMist on Feb 27, 2017 13:41:38 GMT -5
Good to see you LasVegas
VIX ETPs seem to back to their normal trading.
Last week was definitely an anomaly - VXX, TVIX rising with ES
I waited longer today to get confirmation before reshorting them.
I'm still short 16k TVIX, VXX 11k from earlier
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Post by theMist on Feb 27, 2017 13:54:55 GMT -5
S&P broke out over that flat top resistance. S&P still searching for new rising channel. Was in steep green rising channel but could be in new white rising channel or new blue rising channel. See 15min chart. And all of this is within an even larger rising channel. See weekly chart. S&P 15 min
S&P Daily
S&P Weekly
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Post by theMist on Feb 27, 2017 14:08:10 GMT -5
VXX 17.61, TVIX 4.41
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Post by lasvegas77 on Feb 27, 2017 14:42:17 GMT -5
Im out at 17.645. It looks like the thing is starting to get a bit stronger. It's not plunging with the market rising to new highs which is not a very good sign for shorting this.
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Post by lasvegas77 on Feb 27, 2017 14:45:18 GMT -5
I knew I should have covered earlier but waited too long. At least ended with a gain instead of the loss it would be now though.
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Post by theMist on Feb 27, 2017 14:50:09 GMT -5
Im out at 17.645. It looks like the thing is starting to get a bit stronger. It's not plunging with the market rising to new highs which is not a very good sign for shorting this. You didn't get a good short VXX avg. Taking quick profits is fine and you did good. But VXX should continue to drop. IMO It's making steps on the way down. It has to put in green candles once in awhile unfortunately and bounce a little at times and backtest. lol VXX 17.72 is a backtest of bear flag break so far. I bet VXX ends the day right around VXX 17.66 which is right where its 10dsma is. contango over 15% We'll see...And final hour can be tricky with market on close order VXX 15 min -- so far backtest of bear flag break imgupload
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Post by lasvegas77 on Feb 27, 2017 14:52:23 GMT -5
We'll see mist. I disagree. I think there may be some end of month bs coming up based on my short experience today and what happened last week. The buying tvix algo was on break friday and much of today. But it looks to me like there's something buying up the vix very aggressively right now.
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Post by theMist on Feb 27, 2017 14:56:44 GMT -5
We'll see mist. I disagree. I think there may be some end of month bs coming up based on my short experience today and what happened last week. The buying tvix algo was on break friday and much of today. But it looks to me like there's something buying up the vix very aggressively right now. I think the fireworks will happen in March some time but we'll have to see based off charts. VIX is up today but VIX futures are down. I'm scalping I have TVIX 4.60 avg
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Post by lasvegas77 on Feb 27, 2017 14:59:32 GMT -5
As much as i personally disagree with raising the debt ceiling, not raising it in March will make this fly like you've never seen before. It could go back to 26 on tvix convceivably.
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Post by lasvegas77 on Feb 27, 2017 15:00:48 GMT -5
Good thing I let my instincts get me out at a tiny gain while I could. This vix is looking very strong suddenly.
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Post by walnut on Feb 27, 2017 15:04:26 GMT -5
I'm out with another little loss. Just could not watch it today, too busy.
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Post by lasvegas77 on Feb 27, 2017 15:05:46 GMT -5
hey walnut, definitely agree this is tough to hold for a day when you are working. I hate doing that. I only feel more comfortable if im doing long term trades and holding it. But this doesn't look like an easy time to hold this if you are averaging in at today's prices.
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Post by lasvegas77 on Feb 27, 2017 15:06:49 GMT -5
the last hour here is very similar to last week's action. New highs and rising vix. Doesn't bode well here for shorts on the vix etns.
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Post by theMist on Feb 27, 2017 15:14:22 GMT -5
I'm out with another little loss. Just could not watch it today, too busy. I thought you chased VXX when it was down only 6 cents? so VXX 18.03 avg?
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Post by theMist on Feb 27, 2017 15:29:03 GMT -5
Having that daily imbalance data would be real nice. Final hour always tricky.
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Post by walnut on Feb 27, 2017 15:31:49 GMT -5
My position was 17.80 got out at 17.87. Should have taken profits when had them. Hindsight 20-20 as always.
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Post by lasvegas77 on Feb 27, 2017 15:47:57 GMT -5
Pretty sure your call for vxx to be 17.65 is not gonna happen mist.now over 18 and 12 minutes for the close.
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Post by theMist on Feb 27, 2017 15:50:09 GMT -5
Pretty sure your call for vxx to be 17.65 is not gonna happen mist.now over 18 and 12 minutes for the close. lol - I agree final hour pop
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Post by theMist on Feb 27, 2017 15:55:07 GMT -5
800M to sell side
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