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Post by theMist on Apr 10, 2017 12:57:50 GMT -5
VXX Daily and Weekly chart If VXX puts in strong week and closes over yellow 10wma then next stop could be blue 20wma around 20ish this could turn into the move that fills all those upside GAPs in VXX all the way up to VXX 23 range VXX Daily image url uploadVXX Weekly image free hosting
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Post by theMist on Apr 10, 2017 13:00:27 GMT -5
You guys need a vacation. lol
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Post by theMist on Apr 10, 2017 13:34:08 GMT -5
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Post by walnut on Apr 10, 2017 13:47:44 GMT -5
cmon bulls
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Post by theMist on Apr 10, 2017 13:58:31 GMT -5
If VXX is up 2% with S&P up 7, what will happen if S&P sells off? can be very dangerous time to be short VXX Also, I'm seeing this as the most likely move again now in S&P -- correction down to 2270-2300 area. Spicer also didn't sound too enthusiastic about getting tax reform done right away. Maybe by next year at this time. That would be the catalyst IMO to take S&P to new highs BUT unfortunately it's not going to happen anytime soon Plus we also have Geopolitical concerns If S&P takes another move lower again, I don't think it comes back right away this time IMO VXX 16.80 upload images free
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Post by lasvegas77 on Apr 10, 2017 14:04:18 GMT -5
We've seen this before last month i believe. Vix was going up with the snp. Then it shot up even more eventually on vxx. I expect it to exceed the highs last time. Looking for 20+ on vxx.
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Post by walnut on Apr 10, 2017 14:24:49 GMT -5
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Post by theMist on Apr 10, 2017 14:31:54 GMT -5
After giving back around 4k on my short scalp on Friday, I went long VXX and now up about 7-8k from that loss I will hold 14.5k for possible move much higher in VXX VXX 16.93
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Post by lasvegas77 on Apr 10, 2017 15:41:19 GMT -5
Nice Mist. I'm surprised you would make that trade going into a weekend...
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Post by theMist on Apr 10, 2017 15:49:59 GMT -5
Nice Mist. I'm surprised you would make that trade going into a weekend... I actually feel more comfortable being long VXX overnight / weekend then short -- for obvious reasons BTW - For short term trade and never long term To me the danger is always a major selloff / black swan overnight / weekend. For reasons I explained earlier - I believe the path of least resistance is now down for S&P
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Post by theMist on Apr 10, 2017 16:00:15 GMT -5
BTW - Yellen is speaking now
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Post by theMist on Apr 10, 2017 16:03:30 GMT -5
I emailed Jim earlier and mentioned about rising VIX, VIX futures curve looking ugly along with backwardation
He still sees S&P as neutral and can go either way. I believe that indicators and what we see in VIX, VIX Futures are an indication of possible direction in S&P which IMO is down
Here's the video (his site is still down) -
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Post by theMist on Apr 10, 2017 16:06:29 GMT -5
talk to you guys later-
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