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Post by novie08 on Apr 11, 2017 10:11:58 GMT -5
Looks like Trump is trying to save the markets - CNBC: Trump just tweeted that Dodd Frank rules could be eliminated Will have pleasant surprise on NAFTA Gary Cohen wants to bring back Glass-Steagall. Goldman isn't in commercial banking. |
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Post by theMist on Apr 11, 2017 10:13:19 GMT -5
I well remember Black Monday in Oct. '87 and I think the top in 2007 was in Oct. Just off the top of my head. And March '09 was the absolute bottom for Bear Market |
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Post by walnut on Apr 11, 2017 10:19:01 GMT -5
president about to speak
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Post by clinton on Apr 11, 2017 10:54:46 GMT -5
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Post by theMist on Apr 11, 2017 11:07:14 GMT -5
S&P Hourly Chart Hitting triangle support - I don't expect it to hold - just question of when it breaks and I believe S&P will take out that GAP in S&P 2320 area and get to SP2300 IMO  |
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Post by theMist on Apr 11, 2017 11:43:09 GMT -5
Bounce with backtest to 2350 area - will see if backtest to small H&S neckline is done and S&P should bear flag in this area...another move down to triangle support and it should break we'll see  post images |
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Post by theMist on Apr 11, 2017 11:51:32 GMT -5
BBL
GL All
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Post by theMist on Apr 11, 2017 12:26:19 GMT -5
Watching S&P Hourly for possible shooting star topping candle - would need confirmation could see selling pressure in S&P come back going into close  photo uploading |
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Post by theMist on Apr 11, 2017 13:05:22 GMT -5
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Post by walnut on Apr 11, 2017 13:07:21 GMT -5
Probably last June or so
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Post by theMist on Apr 11, 2017 13:09:19 GMT -5
Once again for your listening pleasure going into the eod close lol Lord, I can't change. Won't you fly, high, free bird, yeah? BTW - VIX SCAMs = free bird  |
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Post by theMist on Apr 11, 2017 13:11:08 GMT -5
ahhhh figures- before my time back in the markets but isn't it amazing how vix futures were predicting this right after March expiry and they caused backwardation under spot vix 14?! sometimes I really believe its a hidden signal to other big money that SELL button will be hit I really do |
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Post by theMist on Apr 11, 2017 13:13:49 GMT -5
and there's your spinning top candle (although not shooting star) with what appears to be getting confirmation -- will know by 3pm EST  upload pictures |
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Post by walnut on Apr 11, 2017 13:16:57 GMT -5
Yeah, this is a little strange alright
"caused backwardation under spot vix 14?!"
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Post by theMist on Apr 11, 2017 13:26:45 GMT -5
Also, it's amazing that how when S&P first dropped lower to SP2320ish -- VXX got up to 17.52 intraday high
And now VXX is trading at 17.75 and S&P is trading at 2350 as I type -- strange
So the move is stronger this time around in VXX but not as strong to downside in S&P -- so far
It's almost like VXX couldn't go any lower because of those unfilled breakaway GAPs -- Gaps even as high as VXX 23 range
so they needed to come up with a way to make it possible for VXX to fill those GAPs
just my thinking
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Post by theMist on Apr 11, 2017 13:50:21 GMT -5
walnut - did you hear the 2 talking heads on CNBC regarding our CBOE volatility index as well as Europe's?
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Post by walnut on Apr 11, 2017 13:56:53 GMT -5
No I was out of the room. What did they say?
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Post by theMist on Apr 11, 2017 14:00:36 GMT -5
No I was out of the room. What did they say? Europe's volatility index went from like 11 to over 21 in past 2 weeks and obviously our VIX has gone from 11 to 15 one talking head said the usual - the trend is still up in markets so should be shorting volatility other guy said our VIX is rising because Europe uses buying our vix as a hedge I don't agree with shorting volatility here with backwardation as steep as it is and I have no clue about Europeans buying our vix as a hedge but interesting that Europe's vix got as high as it has in past 2 weeks |
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Post by walnut on Apr 11, 2017 14:02:33 GMT -5
Their's might be calculated different than ours in some ways
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Post by theMist on Apr 11, 2017 14:02:41 GMT -5
VIX chart VIX gapped up today - worse case I am seeing is a quick gap fill before vix proceeds higher OR VIX can simply keep moving higher VIX, VIX SCAMs as we know can swing wildly  windows 7 screenshot |
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