|
Post by huh on Apr 12, 2017 9:19:51 GMT -5
I know this is probably obvious, but if VXX loses 17.63, it will most likely fill yesterdays opening gap ~17.07. Still within a bullish pattern until then (and would likely still play out the upside target after that gap fill)
|
|
|
Post by theMist on Apr 12, 2017 9:20:08 GMT -5
As much as I would have loved to short VXX little earlier - I just don't have the balls to short it
I don't trust VIX SCAMs right now
they're floating around trading dangerously IMO
|
|
|
Post by huh on Apr 12, 2017 9:21:15 GMT -5
In fact, VXX <17.63 and it'll likely see 16.90's as a backtest, but can't short it until it signals so by losing that 17.63 FIB support
|
|
|
Post by theMist on Apr 12, 2017 9:32:12 GMT -5
VXX Daily chart VXX bounced off upper BB and is still above it -- will take a strong move today for it to get back inside of it UPPER BB on daily is exactly at 17.67 I believe VXX will side step back into BBs with a consolidation (today and tomorrow) for move higher -- today may put in a doji close like its showing now. It's at inflection point, consolidate for move higher OR drop back down quickly back to 50 dsma and backtest VXX 16.90-17 area we'll see if (BIG IF) VXX backtests 16.90-17 area that would be spot to cover short and go long VXX IMO upload jpg
|
|
|
Post by theMist on Apr 12, 2017 9:38:00 GMT -5
I'm seeing a little selling kick in S&P, Nasdaq
and I'm surprised VXX isn't green
VIX SCAMs are weak today with this selling IMO and of course can change
Could be setting up for move lower in them -- I just don't trust them however
VXX 17.76
UPPER BB on Daily is exactly at 17.67
|
|
|
Post by theMist on Apr 12, 2017 9:48:29 GMT -5
sold short 8k vxx 17.84 small position added more VXX 17.87
I believe it will probably end the day right around 17.80-83
the push lower in S&P barely budged VXX to upside and believe I will be able to get in a small scalp
keeping mental stop
|
|
|
Post by walnut on Apr 12, 2017 9:52:30 GMT -5
There is a potential for a double bottom on the ES that might happen at 2335. That might be the end of this if you get a chance, post a chart of what you see Sorry didn't see this. The 2335 happened yesterday around noon, and looks like it is about to happen again around noon. The VXX seems not to be reacting much yet which might support double bottom idea, but who knows.
|
|
|
Post by theMist on Apr 12, 2017 10:03:26 GMT -5
Amazing how VIX SCAMs are just about trading the way they've always have in the past -- weak
Even with selling in markets and S&P down almost 8 -- VXX is up 4 cents as I type
|
|
|
Post by theMist on Apr 12, 2017 10:07:09 GMT -5
Looking for short VXX scalp
|
|
|
Post by walnut on Apr 12, 2017 10:08:38 GMT -5
Yeah, if we could get some reassuring news instead of bad news I think VXX wants to roll over. But with persistent nagging scary news, VXX could move on up and fill those gaps all the way to 23.
|
|
|
Post by theMist on Apr 12, 2017 10:11:21 GMT -5
Yeah, if we could get some reassuring news instead of bad news I think VXX wants to roll over. But with persistent nagging scary news, VXX could move on up and fill those gaps all the way to 23. I agree that VXX is still headed over short term to 23 range and don't see any reason for that to change right now but it won't be without swings and can still get in some short scalps as well as long scalps today they are trading weak and look like they still want to pullback a little before possibly taking off again IMO VXX 15 min indicators already bearish If VXX Hourly indicators rollover I believe VXX will pullback a little with it they can't stay bullish forever and at some point will have to swing bearish how price action reacts will be key VXX lod 17.67 and I'm looking for quick move to low 17 possibly to fill yesterday's gap we'll see my eyes are teary because of all the bleach smell -- might be a good thing lol
|
|
|
Post by theMist on Apr 12, 2017 10:21:02 GMT -5
Come on my Babies! Drop back down!! VXX 17.79
|
|
|
Post by walnut on Apr 12, 2017 10:22:53 GMT -5
I expect the scary news probably will continue, so I guess that the "fundamentals" also support a higher vxx pretty soon.
|
|
|
Post by theMist on Apr 12, 2017 10:29:06 GMT -5
I expect the scary news probably will continue, so I guess that the "fundamentals" also support a higher vxx pretty soon. I hear ya -- just looking for quick scalp lower in them for today we'll see if I get it -- not recommended for others VXX 17.87
|
|
|
Post by theMist on Apr 12, 2017 10:49:35 GMT -5
next support I see for S&P is around 2340 and we're almost there
|
|
|
Post by walnut on Apr 12, 2017 10:54:59 GMT -5
I have been watching that rising support, hope that holds
|
|
|
Post by theMist on Apr 12, 2017 10:58:02 GMT -5
I have been watching that rising support, hope that holds I believe it will hold today but overnight going into tomorrow might be another story As for VXX, what's concerning is that you would think it would be trading at 19 right now with all this selling I shorted 2500 more VXX at 18.04 and still believe worse case VXX will end flat on the day VXX 18.11 might be short term top
|
|
|
Post by walnut on Apr 12, 2017 11:12:15 GMT -5
I think that the rally in VXX has seemed fairly low energy and if it weren't for that first month backwardation I would not be impressed at all. And April expires on Tuesday, if vix begins to settle back down then the scams could roll over.
|
|
|
Post by theMist on Apr 12, 2017 11:12:33 GMT -5
That move higher in VXX back over 18 should be the last push higher for today IMO
Now looking for VXX to revisit its lod (17.67)
we'll see...
|
|
|
Post by theMist on Apr 12, 2017 11:14:45 GMT -5
I think that the rally in VXX has seemed fairly low energy and if it weren't for that first month backwardation I would not be impressed at all. And April expires on Tuesday, ifvix begins to settle back down then the scams could roll over. I agree with what your seeing and thinking that VXX 23 might be a dream after all lol but let's see if VXX can make it down to 17 again first before we draw that conclusion Don't put a lot of emphasis on my mid to long term calls in VXX BUT rather how I see the markets from a day to day basis It's a new trading day every day and things can change from one day to the next
|
|