|
Post by theMist on Mar 13, 2017 8:58:44 GMT -5
I couldn't resist and sold a little VXX also at 16.98 You are a bad influence Mist haha We should be fine. S&P small range bounce stuff and VXX morning gap filled. Keep some dry powder though as always I have 15k short VXX @ 16.99 avg
|
|
|
Post by theMist on Mar 13, 2017 9:03:35 GMT -5
|
|
|
Post by theMist on Mar 13, 2017 9:11:05 GMT -5
Nice! Come on my babies! Keep dropping! VXX 16.94
|
|
|
Post by theMist on Mar 13, 2017 9:13:29 GMT -5
VXX 15 min chart Need VXX to get below VXX 16.87 then all time low VXX 16.76 should be tested Indicators bearish on all timeframes windows 7 print screen
|
|
|
Post by theMist on Mar 13, 2017 9:20:45 GMT -5
|
|
|
Post by theMist on Mar 13, 2017 9:25:58 GMT -5
Keep watching those VXX candles to see if small bounce in cards for VXX in this area. 'small bounce' VXX 16.89 Watching VXX 15 min chart to see how each candle forms. Indicators still bearish VXX lod 16.85 also hit lower BB on hourly That's why I was saying watch for possible small bounce OR more like a pause in this area. Also, lined up with some horizontal support. BUT VXX Hourly indicators just turned bearish and should have more to go. VXX 16.87
|
|
|
Post by theMist on Mar 13, 2017 9:31:00 GMT -5
Nice! My babies!! Next stop should be VXX all time low 16.76!
|
|
|
Post by novie08 on Mar 13, 2017 9:39:50 GMT -5
Unbelievable. Congrats! How are you doing in the blizzard?
|
|
|
Post by theMist on Mar 13, 2017 9:41:47 GMT -5
VXX Hourly As long as S&P stays flat and calm like this, VXX should retest all time low 16.76 picture upload sites
|
|
|
Post by theMist on Mar 13, 2017 9:42:08 GMT -5
Unbelievable. Congrats! How are you doing in the blizzard? Hey, Novie Hasn't hit yet. Supposed to be overnight tonight.
|
|
|
Post by theMist on Mar 13, 2017 9:53:29 GMT -5
|
|
|
Post by theMist on Mar 13, 2017 9:59:05 GMT -5
ok - so the reason why I went with shorting VXX on the morning gap fill
S&P is still trying to form a possible small H&S pattern but isn't confirmed/validated and is questionable. VXX has a confirmed H&S pattern and is confirmed/validated.
When I saw S&P acting flat in early trading, answer became obvious to short VXX, especially with contango still 13-14%.
|
|
|
Post by walnut on Mar 13, 2017 10:01:35 GMT -5
Well, I took the .18 profit, I didn't plan on pushing too hard with this one. Will trade again after fed. I know it might come down still.
|
|
|
Post by theMist on Mar 13, 2017 10:03:01 GMT -5
Well, I took the .18 profit, I didn't plan on pushing too hard with this one. Will trade again after fed. I know it might push down still. That VXX H&S target does measure low 16 but doesn't mean it can't bounce on the way down a little and you can possibly re-short BUT first needs to get below VXX all time low 16.76
|
|
|
Post by walnut on Mar 13, 2017 10:07:36 GMT -5
I'm thinking could be a nervous fed bounce then on down to all time lows.
BUT, all this fed talk is mostly already in the prices at this point, so it may not bounce.
Hey, thanks if I didn't follow you on that one I would have missed the easy $1400
|
|
|
Post by theMist on Mar 13, 2017 10:10:34 GMT -5
I'm thinking could be a nervous fed bounce then on down to all time lows. BUT, all this fed talk is mostly already in the prices at this point, so it may not bounce. Hey, thanks if I didn't follow you on that one I would have missed the easy $1400 lol - I thought I was a bad influence
|
|
|
Post by theMist on Mar 13, 2017 10:25:14 GMT -5
VXX 15 min chart A few things to be learned from this chart. I will post thoughts shortly. host image online
|
|
|
Post by theMist on Mar 13, 2017 10:46:58 GMT -5
Gotta watch VXX 15 min indicators -- they roll bullish and VXX can pop a little MACD, MACD Histogram -- putting in a little bullish divergence When MACD Histogram crosses zero line, VXX can pop nicely if crosses hard. That would be the spot to reshort VXX if gets the move. Not on the first bar above zero line, but on the 3rd or 4th. VXX 16.84 So far VXX appears to be putting in bear flag. That nice red candle VXX just put in (VXX now 16.82) is confirming the bear flag (consolidating for move lower). Have to see how it closes but VXX candles in this area definitely resemble bear flag AND H&S targets still measure lower. Just a question of how it gets there as always.
|
|
|
Post by lasvegas77 on Mar 13, 2017 10:54:00 GMT -5
vxx is down!
|
|
|
Post by theMist on Mar 13, 2017 10:58:50 GMT -5
Like a Ho on Saturday night! lol And its headed a lot lower in short term. IMO It's nice that we're all making $$ VXX 16.80
|
|