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Post by walnut on Mar 15, 2017 11:32:21 GMT -5
We might get a bump out of rate hike, I'll re-short if so.
We might not even get a bump out of this already expected rate hike.
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Post by theMist on Mar 15, 2017 11:37:14 GMT -5
We might get a bump out of rate hike, I'll re-short if so. We might not even get a bump out of this already expected rate hike. Amazing how they pumped up all this fear of FOMC. CNBC was even saying yesterday that FED can possibly go for 50 basis points. And all the while VXX chart remained bearish and here it is now at VXX 16.40. lol And S&P rallying into the announcement. lmao VXX has the confirmed bearish H&S and S&P is possibly (big ?) putting in a bearish topping pattern. Either way, I will be out of VXX short before the announcement. VIX SCAMs will be all over the place 5 mins before announcement and thru it. As I type, S&P is breaking that potential H&S pattern. It's above resistance as I type.
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beba
New Member
Posts: 9
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Post by beba on Mar 15, 2017 11:37:47 GMT -5
This may have been 3-4 weeks ago. I just signed in with my email, don't think I have a username with yahoo. I know I am with IB, they charge half a penny for each share over 500 shares, so I am happy about this reverse split Glad your here. Really nice to see you. Some over at YMB can be a little difficult. Some thought I was pumping FAZination Proboards for personal gain. And I kept explaining to them that YMB is so limited and can't post charts at YMB and this forum is absolutely free and has a lot of experienced, knowledgeable traders. Walnut (Chris) - is a master options trader and has over 30 years broker experience. I'm a home gamer that loves trading (mostly shorting) these VIX ETPs (VXX, TVIX, UVXY). I call them the VIX SCAMs. And I love Technical Analysis and have a real serious and nice setup. I'm Rob BTW (aka theMist) Thanks for the intro Rob, I am Nick. The most educated comment you could read on yahoo was smth like "This will drop like *itch' So, I am happy to have found such an amazing group of traders. Need to get back to work now.. will be in and out
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Post by theMist on Mar 15, 2017 11:40:17 GMT -5
VXX 15 min chart Hitting a little descending support in this spot. Looking to take profits on 14k VXX short real soon VXX 16.42 temp image upload
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Post by theMist on Mar 15, 2017 11:51:51 GMT -5
This is definitely a very bullish move so far in S&P and before the announcement!! lol VXX 16.45
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Post by Herceg on Mar 15, 2017 11:55:17 GMT -5
Had to peek when I got in, off to get children lunch and back by 2:00...............I expect a whip saw move............time will tell..........BBL and BOL............
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Post by theMist on Mar 15, 2017 11:56:14 GMT -5
VXX 15 min chart VXX 16.48 Would like to see VXX rollover again before announcement and I will be out of trade. image hosting
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Post by lasvegas77 on Mar 15, 2017 12:05:17 GMT -5
This is definitely a very bullish move so far in S&P and before the announcement!! lol VXX 16.45 Not quite yet. The snp is meeting resistance from the other day. Interestingly, vxx has gone up some as the snp got close to the recent highs.
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Post by theMist on Mar 15, 2017 12:11:14 GMT -5
Trust me I see it Las Vegas and fully aware that this whole rally can turn in a blink And if intends to, its definitely not showing in VIX, FIX futures so far Here's is S&P chart showing horizontal resistance you just mentioned But I don't think FED will take credit for the coming collapse. Also, S&P, with this move higher, is back in its rising wedge which if S&P stays in it, can hit my iH&S target of S&P 2460ish. how to take a screen shot
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Post by walnut on Mar 15, 2017 12:12:07 GMT -5
I reshorted at 16.49
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Post by theMist on Mar 15, 2017 12:14:51 GMT -5
wow I'm looking to take profits and close out of VXX short and reshort after announcement 5 mins before FOMC announcement, VXX bid /ask will be jumping all over the place VXX 16.46 Watch VXX 15 min indicators that they don't jump bullish. So far, VXX is bear flagging in this area but that can change real fast with FOMC announcement. But overall, VXX chart is still bearish with lower 16.20 target - just a question of whether or not we spike before then and how we get there.
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Post by walnut on Mar 15, 2017 12:17:57 GMT -5
I was thinking of selling some more after the announcement. This 4000 is more of a longer-term averaging in was the idea
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Post by walnut on Mar 15, 2017 12:19:31 GMT -5
uh-oh haha
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Post by theMist on Mar 15, 2017 12:27:24 GMT -5
VXX might spike real quick to 16.60-16.70 range and possibly drop back down after that. We'll see how charts develop VX 16.54 so far this little pullback in S&P is a backtest Also, S&P popped slightly higher than the horizontal resistance that Las Vegas mentioned (grey horizontal line on chart). But jury is definitely still out imgur
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Post by theMist on Mar 15, 2017 12:32:50 GMT -5
k - so that's good. VXX 15 min indicators just crossed bullish BUT price action didn't even budge I still say VXX is headed down and VXX putting in nice red candle as I type!! VXX 16.49
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Post by theMist on Mar 15, 2017 12:34:41 GMT -5
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Post by theMist on Mar 15, 2017 12:43:59 GMT -5
lol - wife just blew circuit breaker with hair dryer and lost my internet, tv briefly
at least now I know I need to work on that back up battery I have. Maybe I don't have router/ tv plugged into it. hmmmm
awesome timing
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Post by walnut on Mar 15, 2017 12:45:02 GMT -5
LOL
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Post by theMist on Mar 15, 2017 12:46:30 GMT -5
I was practically screaming at her. lmao what else can go wrong
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Post by walnut on Mar 15, 2017 12:49:55 GMT -5
back out hope it jumps after announcement
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