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Post by walnut on Apr 12, 2017 11:17:46 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 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 Oh it would not surprise me at all if VXX turned back up again. Just seems 50-50 to me. VXX is not dropping much until vix falls through the floor, thats how vix rallies end.
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Post by theMist on Apr 12, 2017 11:19:09 GMT -5
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 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 Oh it would not surprise me at all if VXX turned back up again. Just seems 50-50 to me. VXX is not dropping much until vix falls through the floor, thats how vix rallies end. VXX can end flat today with a doji and then VXX can take off again tomorrow and vix futures definitely favor bullish VXX but I also know that nothing goes straight UP or DOWN
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Post by theMist on Apr 12, 2017 11:20:57 GMT -5
If you look at VXX 5 min chart, it looks like VXX is getting a little toppy and VXX Hourly indicators are ticking lower -- look at MACD and MACD Histogram
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Post by theMist on Apr 12, 2017 11:45:57 GMT -5
Going forward -- with S&P, if you look at Daily chart the thing to watch out for is that S&P is below its 50dsma and pulling on it from underneath to downside
unless S&P can bounce back again with a miracle close - it looks like S&P is still headed lower in short term but we'll see how markets close
S&P has been amazingly resilient in light of this selling and so far Bears have been pathetic (no offense) lol even if S&P does get down to 2300
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Post by huh on Apr 12, 2017 12:11:30 GMT -5
If you look at VXX 5 min chart, it looks like VXX is getting a little toppy... ?? I don't see it, even on the 5 min. Unless it loses the lower FIB from yesterday afternoon's low (that FIB sits ~17.63), it still has an upside target ~20. That low was significant because it was the backtest of the bullish pattern. JMHO, but until it loses that FIB support, wait for the close before betting the pattern the bullish pattern will fail. These VIX scams often won't show their true colors until near the close, hence, "Ignore the noise"
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Post by theMist on Apr 12, 2017 12:14:11 GMT -5
lol Huh I was just talking about for possible pullback for today mid to low 17 -- not talking about bigger picture VXX 20 is still on the table -- just trying to trade the swings
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Post by huh on Apr 12, 2017 12:14:40 GMT -5
VXX >18.20 would be pretty bullish for the very near term
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Post by huh on Apr 12, 2017 12:20:50 GMT -5
lol Huh I was just talking about for possible pullback for today mid to low 17 -- not talking about bigger picture VXX 20 is still on the table -- just trying to trade the swings Yeah, sorry, I guess I was just trying to pry from you what you were seeing. Figured I was missing something cause I don't see anything toppy. Not yet anyway. I see the possibility for the down move to 16.90's, but nothing to signal it'll happen yet from here. In fact, the major indices and even AAPL seem to be screaming the opposite.
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Post by theMist on Apr 12, 2017 12:50:00 GMT -5
TAKE DOWN THE VIX SCAMs LORD JESUS! TAKE THEM DOWN!! VXX 17.81
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Post by walnut on Apr 12, 2017 13:02:56 GMT -5
just finished small short scalp 13,000 vxx to keep from getting rusty
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Post by theMist on Apr 12, 2017 13:03:56 GMT -5
just finished small short scalp 13,000 vxx to keep from getting rusty ahhh - snuck that one in there! nice trade
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Post by theMist on Apr 12, 2017 13:09:12 GMT -5
VXX just broke back into its BBs on daily
and VXX Hourly indicators rolled bearish
I'm looking for VXX 17.08 as potential target now
VXX 17.62
we'll see...
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Post by theMist on Apr 12, 2017 13:26:51 GMT -5
Look at S&P Hourly indicators
Maybe its my eyes or something but looks like it is flirting ('flirting') with going bullish
not sure if enough time before close
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Post by walnut on Apr 12, 2017 13:36:02 GMT -5
I'd like that bull to come back, I have to ride the vxx back down with no hiccups.
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Post by theMist on Apr 12, 2017 13:51:24 GMT -5
I'd like that bull to come back, I have to ride the vxx back down with no hiccups. unfortunately not going to be that easy need buyers to step up in final hour
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Post by walnut on Apr 12, 2017 13:58:48 GMT -5
No it is not looking easy at all yet
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Post by theMist on Apr 12, 2017 14:15:16 GMT -5
Looks like VXX wants to close flat
and can still be dangerous going into tomorrow IMO
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Post by walnut on Apr 12, 2017 14:20:51 GMT -5
Money just got sucked from stocks to bonds due to Trump i rate statement
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Post by walnut on Apr 12, 2017 14:21:41 GMT -5
The lower rates he is calling for has to help stocks though, cmon babies
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Post by theMist on Apr 12, 2017 14:23:09 GMT -5
Funny thing is he says he won't re-confirm Yellen
I thought Yellen retires soon lol
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