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Post by theMist on Jun 6, 2017 12:19:12 GMT -5
VXX HourlyVXX hit first red arrow target and question is when/if will VXX hit 2nd arrow target Indicators still bullish When VXX gets stuck like this sometimes its best for it to spike real fast and quick so VXX can rollover and drop to new LOD VXX 13.54
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Post by lasvegas77 on Jun 6, 2017 12:21:42 GMT -5
im contemplating what i want to do with my own 5 week trip. I don't really want to be in Monument Valley and be thinking about a possible spike on vxx. You honestly won't be able to truly enjoy your vacation if you are heavily short VXX when you are away. VXX spikes and you'll be an emotional wreck on vacation. Best to take break / vacation from markets as well IMO Still have a couple of weeks left before the trip. Hopefully a sizable rally in the market makes it easy to take a break from vxx with some Monument Gains.
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Post by lasvegas77 on Jun 6, 2017 12:23:31 GMT -5
VXX HourlyVXX hit first red arrow target and question is when/if will VXX hit 2nd arrow target Indicators still bullish When VXX gets stuck like this sometimes its best for it to spike real fast and quick so VXX can rollover and drop to new LOD VXX 13.54 Today reminds me of wed last week with the rise on the vix. I do remember it came back down hard at the close. Hopefully it's similar in that respect too.
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Post by theMist on Jun 6, 2017 12:32:50 GMT -5
S&P Daily Chart
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Post by theMist on Jun 6, 2017 12:41:28 GMT -5
VXX 5 min chartVXX still rising up in RISING wedge Lower rising line support breaks and VXX should head real fast to 13.29ish (green arrow). We'll see...
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Post by walnut on Jun 6, 2017 12:47:52 GMT -5
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Post by lasvegas77 on Jun 6, 2017 13:03:07 GMT -5
Looks like there's a significant green candle stick breaking above the higher channel for the day now. Vxx is testing the lower channel support
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Post by theMist on Jun 6, 2017 13:03:34 GMT -5
Called for VXX to hit 13.40s and as high as 13.60 range -- red arrow targets
VXX hit 13.59 HOD so far and dropped back and is retesting lower line support of rising wedge as I type Want to see that rising wedge breakdown and play out with VXX retesting lod (currently 13.32)
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Post by lasvegas77 on Jun 6, 2017 13:04:21 GMT -5
Whatever the case. I'm expecting vxx and tvix to crash on thursday.
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Post by Lasvegas77 on Jun 6, 2017 13:36:07 GMT -5
Looks like the algos want to front run the thursday rally.
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Post by walnut on Jun 6, 2017 13:38:46 GMT -5
I really thought it would come down there.
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Post by lasvegas77 on Jun 6, 2017 13:40:27 GMT -5
They were testing out the vacuum tubes for Thursday.
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Post by theMist on Jun 6, 2017 13:46:18 GMT -5
I really thought it would come down there. yep -- VXX stopped at 13.42 so far
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Post by Lasvegas77 on Jun 6, 2017 13:48:43 GMT -5
Looks like they are sneaking the market up.
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Post by lasvegas77 on Jun 6, 2017 13:56:15 GMT -5
Expectations for Thursday are already being brought back down to Earth. Perhaps the vix crash will come before Thursday. “Here there is one question — did the president obstruct justice? That’s what everybody is waiting for. I don’t think there’s anything of great interest other than that. And his answer I think is going to be obvious. He will navigate to a point where he says, ‘Well, there might’ve been some pressure but it’s not obstruction.’ Why? Because if it were obstruction, then he is indicting himself. For not resigning, for not making a statement, for not bringing it out in the open. So he can’t say it’s obstruction which is what everybody who wants to see Trump destroyed is waiting to hear. So what we will hear is something navigating in between and saying ‘Well, it wasn’t really pressure, he was speaking on behalf of an associate, a friend. It could be interpreted in various ways.’ That’s what I think is going to happen and that’s why I think it’s going to be a bust.” www.zerohedge.com/news/2017-06-06/krauthammer-explains-why-comey-hearing-going-be-bust
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Post by theMist on Jun 6, 2017 14:02:15 GMT -5
VXX 15 min chart
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Post by walnut on Jun 6, 2017 14:03:49 GMT -5
They surely have a plan to imply that Trump tried to influence Comey. Almost for sure. Even though it is a little dangerous for Comey to be changing his story.
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Post by lasvegas77 on Jun 6, 2017 14:06:29 GMT -5
People close to Comey already know what he's going to say. They didn't spike the vix if they thought it's worth buying vix calls.
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Post by theMist on Jun 6, 2017 14:08:26 GMT -5
Covered 22k of 42k short VXX @ 13.43 -- halved position
VXX opened up at 13.42 and feel like it wants to put in a DOJI candle on VXX Daily chart -- close at 13.42ish
Getting out completely with next move to VXX 13.43 -- taking profits
Didn't realize it was 3:15pm EST already
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Post by lasvegas77 on Jun 6, 2017 14:09:07 GMT -5
Nice negative divergences on vxx and the snp. Snp ticking lower and vxx is at the recent lows 13.43
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