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Post by lasvegas77 on Jun 6, 2017 14:11:52 GMT -5
well so much for that.
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Post by theMist on Jun 6, 2017 14:34:09 GMT -5
This is why I hate final hour
VXX hit 13.60 range now
S&P still looks like it wants to pullback in short term to SP2420ish still
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Post by lasvegas77 on Jun 6, 2017 15:01:16 GMT -5
I'm thankful that they let it drop at least 8 cents off the highs for the close.
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Post by theMist on Jun 6, 2017 15:03:28 GMT -5
I'm thankful that they let it drop at least 8 cents off the highs for the close. I put in AH order to cover remaining VXX at 13.44 -- hoping it hits If spot Vix daily indicators go bullish (they're ticking up) it won't be good spot VIX Daily Chart
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Post by lasvegas77 on Jun 6, 2017 15:04:45 GMT -5
Good luck
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Post by lasvegas77 on Jun 6, 2017 15:15:34 GMT -5
The spot vix already lost nearly half the gains on the day. And vxx is fading nicely for the vix futures close. 13.52
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Post by theMist on Jun 6, 2017 15:39:24 GMT -5
S&P 4 HR ChartPOSSIBLE RISING WEDGE -- shown in red -- smaller than last one shown in white
If rising wedge pattern is valid and plays out -- could possibly bring SP real fast to low SP2400
Emailed Jim to find out his thoughts as well
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Post by theMist on Jun 6, 2017 17:33:30 GMT -5
VXX Hourly ChartVXX hit both targets 13.40s, 13.60s Hopefully this will be it and will be the end to VXX speed bump and can retest 13 If S&P gaps down tomorrow, I would be careful as it can have little bit of legs If S&P trades sideways at open and remains calm then VXX should rollover GL tomorrow
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Post by huh on Jun 6, 2017 18:01:29 GMT -5
Area in red circle should act as the resistsance/RS peak Took a couple hours longer than I expected, but smack on
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Post by huh on Jun 6, 2017 18:04:44 GMT -5
You can see the two supports likely to get tested in the chart above - the two lower FIBs - ~2417.75, then ~2412.25 if it overshoots for the gap fill That should get ES down to 2413.50-2414, S&P down ~2417.75
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Post by huh on Jun 6, 2017 18:07:07 GMT -5
Nikkei futures should fair much worse than US futures next day or two
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Post by huh on Jun 6, 2017 18:11:32 GMT -5
And here's why I think at least that S&P 2417.75 support will get tested - small double-top/H&S pattern forming in ES (if it were to form as a H&S then ES would get one more quick bounce today to mid-2430's): [chart] ES HOD was 2435.50
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Post by theMist on Jun 6, 2017 18:11:53 GMT -5
Good call Huh
Do you think S&P makes quick run for that lower target? 2417
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Post by huh on Jun 6, 2017 18:17:07 GMT -5
Good call Huh Do you think S&P makes quick run for that lower target? 2417 2417.75? Yes I do. As for the lower target ~2412.25, I really don't know - difference of only .02% - but I do think NDX will get down to ~5815, and that same % move (.007) in SPX would get it down to ~2412.32
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Post by theMist on Jun 6, 2017 18:20:09 GMT -5
Good call Huh Do you think S&P makes quick run for that lower target? 2417 2417.75? Yes I do. As for the lower target ~2412.25, I really don't know - difference of only .02% - but I do think NDX will get down to ~5815, and that same % move (.007) in SPX would get it down to ~2412.32 Good stuff -- Thx Covering remaining VXX short at 13.50 Was up 5k earlier and ended the day still green - up few hundred Was looking for VXX to close gap to 13.28 and just missed by 4 cents - oh well
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