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Post by theMist on Apr 27, 2017 9:32:32 GMT -5
Where are the Bears when you need them?! Come on guys sell this market! We're right underneath you bulls, Mist. What's the matter, can't see us through the clouds of cash we've been throwing up at you guys? LOL
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Post by huh on Apr 27, 2017 9:34:47 GMT -5
That's definitely a complex H&S pattern, no doubt about it. And that should get bulls excited That complex H&S in ES 15min is perfect in every single way - three LS', three RS', and all three shoulder test lines are working perfectly. I'd say it's textbook perfect, but there's things working for it I've learned that have yet to even be published in the textbooks.
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Post by huh on Apr 27, 2017 9:36:06 GMT -5
The problem is that I don't believe a single H&S has it its target in the S&P/ES over the last 5.5 years or so
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Post by theMist on Apr 27, 2017 9:41:52 GMT -5
That's definitely a complex H&S pattern, no doubt about it. And that should get bulls excited That complex H&S in ES 15min is perfect in every single way - three LS', three RS', and all three shoulder test lines are working perfectly. I'd say it's textbook perfect, but there's things working for it I've learned that have yet to even be published in the textbooks. In normal market it would play out and line up with backtest of this breakout in Sp2360 area
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Post by walnut on Apr 27, 2017 9:46:22 GMT -5
The problem is that I don't believe a single H&S has it its target in the S&P/ES over the last 5.5 years or so yeah that's it, has to confirm...
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Post by ipath on Apr 27, 2017 9:49:41 GMT -5
Good Morning all, looking at most active options and it seems that call options in VXX are trading about 4:1 in volume vs put options. Could this mean people are anticipating another rise in volatility before the 2nd round of French elections
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Post by theMist on Apr 27, 2017 9:52:53 GMT -5
S&P finally starting to give way
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Post by theMist on Apr 27, 2017 10:02:46 GMT -5
Neckline of H&S is holding so far
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Post by theMist on Apr 27, 2017 10:07:54 GMT -5
S&P Hourly Chart
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Post by theMist on Apr 27, 2017 10:16:25 GMT -5
VXX Hourly chartBBs squeezing meaning a real move is coming and its usually down -- we'll see...
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Post by theMist on Apr 27, 2017 10:32:16 GMT -5
I missed the move from VXX 16.06 down to where its trading now at 15 I don't count the overnight gap because I would not have taken a position over a weekend with French Elections Anyway, if I miss a move in VXX from 15 down to 14 then I start smoking Crack and start playing Doom on my high powered gaming pcs lol
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Post by theMist on Apr 27, 2017 10:42:42 GMT -5
S&P making another run underneath neckline of H&S Should play out and get SP back to backtest of SP2360 area
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Post by huh on Apr 27, 2017 10:56:55 GMT -5
Careful with the term "normal market", bulls. Using average valuation metrics such as p/s, p/e, or market cap to GDP, the S&P would need to be anywhere from 30-50% lower than here to be considered normal.
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Post by theMist on Apr 27, 2017 11:04:27 GMT -5
So far selling is very slow and controlled not invoking any fear contango still 6-7% VXX 15.13 sold short a little VXX 10k shares
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Post by theMist on Apr 27, 2017 11:33:53 GMT -5
H&S already starting to look like Bear Trap lol and trying to form small inverse H&S on that right side of chart -- too early to call though
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Post by theMist on Apr 27, 2017 11:41:05 GMT -5
TAKE DOWN THE VIX SCAMs LORD JESUS! TAKE THEM DOWN!! 16k short VXX now VXX 15.09
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Post by theMist on Apr 27, 2017 11:46:49 GMT -5
H&S completes RS and drops below neckline only to form small inverse H&S lol not enough to take S&P to new highs but enough to spoil the H&S pattern and possibly turn it into continuation I think I've seen that happen before
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Post by theMist on Apr 27, 2017 11:57:22 GMT -5
What a move!! Talk about Bear squeeze!
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Post by theMist on Apr 27, 2017 12:15:17 GMT -5
Wow! Look at that move on right side!
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Post by walnut on Apr 27, 2017 12:32:06 GMT -5
Good call on the head and shoulders fail/ bull breakout
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