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Post by lasvegas77 on Mar 9, 2017 12:52:49 GMT -5
80% of the time if you tell someone to short vxx you can look back and say you were right.
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Post by theMist on Mar 9, 2017 12:53:00 GMT -5
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Post by theMist on Mar 9, 2017 12:53:43 GMT -5
80% of the time if you tell someone to short vxx you can look back and say you were right. lmao - so true definitely the most forgiving short position you can ever take (even if you mistime the spike) - the reason why I call them the VIX SCAMs.
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Post by lasvegas77 on Mar 9, 2017 12:55:48 GMT -5
although, sometimes it seems like vxx knows where you put your trade on and will bounce many times as it gets close so you cannot exit at a profit easily.
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Post by lasvegas77 on Mar 9, 2017 12:58:30 GMT -5
My best bet is tomorrow is going to see all time lows on the vxx and tvix with the job numbers.
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Post by theMist on Mar 9, 2017 13:14:01 GMT -5
S&P Charts S&P 15 min -- making longer RS and the H&S pattern is so flat and stretched that any selling will be small move over next few days. IMO S&P breaks below that neckline (and confirms w/backtest) at some point and validates a H&S pattern then some selling can kick in but until then sideways action. IMO No pattern is valid until confirms. Also, those white lines I have drawn on top of shoulders is the duration it should take to form RS. S&P sideways actions is good for being short VIX SCAMs. Daily chart also shows BBs closing in with flat price action S&P 15 min free image hostingS&P Daily upload gambar
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Post by theMist on Mar 9, 2017 13:21:57 GMT -5
My best bet is tomorrow is going to see all time lows on the vxx and tvix with the job numbers. VXX chart (even with this spike) still remains bearish and I'll have full daytrade buying power tomorrow and will be able to trade. BBL
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Post by walnut on Mar 9, 2017 13:31:33 GMT -5
I hope to also. Actually still small short TVIX from 2 days ago.
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Post by theMist on Mar 9, 2017 13:55:37 GMT -5
I'm expecting a move down in S&P to 2353 area pretty soon - just not sure if today or tomorrow BTW - that's right where Gap support is
I have the line drawn on my S&P 15 min chart earlier
Watch for customary end of day pop in VIX SCAMs - lol
VXX 17.23
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Post by theMist on Mar 9, 2017 14:04:19 GMT -5
I tell you -- I could not have drawn my projected lines any better S&P is following the first move I have drawn almost to pinpoint accuracy....we'll see S&P hits gap support or bounces at blue rising support line I have drawn and that would be the spot to reshort a little VXX. IMO But can be dangerous with final hour coming up + Keeping trades only at scalps / daytrades free photo upload
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Post by theMist on Mar 9, 2017 14:13:02 GMT -5
Not trying to put fear out there but VIX SCAMs now have the potential to fly going into tomorrow if they close strong I"ll post VXX 15 min chart shortly -- hopefully VXX will retrace off of key moving average that was tagged... VXX still in descending channel but VXX daily indicators still bullish and they should have rolled over by now and they haven't VXX 17.46 image hosting 10mb limit
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Post by clinton on Mar 9, 2017 14:19:01 GMT -5
doubled up on SOXS
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Post by theMist on Mar 9, 2017 14:20:00 GMT -5
VXX 15 min chart Once VXX breached its HOD and shot above that horizontal resistance VXX took off Should drop back down and test that 200ema (green) moving average BUT needs to get back below it how to do a screenshot on a pc
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Post by theMist on Mar 9, 2017 14:22:50 GMT -5
Here comes backtest of 200ema (green) moving average VXX needs to get back below it and stay there -- if not, well... S&P trying to put in green bottom hammer candle on 15 min chart and price action is way outside its lower BBs on that timeframe S&P puts in bounce and VXX drops back down... gifs upload
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Post by theMist on Mar 9, 2017 14:25:45 GMT -5
S&P appears to be trying to put in green hammer bottom candle (needs confirmation) and S&P price action is outside its lower BBs on this timeframe S&P needs to bounce so VXX can drop back down. And so far it appears S&Pis bouncing a little at my blue rising support image url upload
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Post by theMist on Mar 9, 2017 14:27:21 GMT -5
Are you having fun yet Clinton? I know you've been waiting for this one for awhile now.
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Post by theMist on Mar 9, 2017 14:29:36 GMT -5
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Post by theMist on Mar 9, 2017 14:37:08 GMT -5
S&P 15min put in green bottom hammer candle BUT NEEDS CONFIRMATION still so far following 15 min candle is starting out bearish but that can change in next 7 mins we'll know by 2:45PM EST how that candle closes -- circle area but IMO S&P still has more to go to my S&P2353 target area (gap support) -- question is whether today or tomorrow hits that area image upload no limit
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Post by theMist on Mar 9, 2017 14:48:52 GMT -5
VXX should at least drop back down to VXX 17.29 area and bounce of moving average but needs to get below that horizontal support first image hosting 30 mb
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Post by theMist on Mar 9, 2017 14:58:05 GMT -5
Small inverse H&S forming on VXX -- measures 18ish BUT is still testing neckline and needs to confirm to be valid take a screenshot
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