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Post by theMist on Jun 8, 2017 12:34:30 GMT -5
S&P Hourly ChartS&P backtested neckline and fell below it -- should get back above it (we'll see) and S&P should be on its way to SP2447ish Stay short the SCAMs IMO
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Post by theMist on Jun 8, 2017 12:40:58 GMT -5
VXX 15 min chartIndicators rolled bullish and VXX back tested the break of descending support (now resistance)
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Post by theMist on Jun 8, 2017 12:54:36 GMT -5
you guys think Tesla short squeeze soon over sorry iPath -- I only see VIX SCAMs lol I'l take a look at chart
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Post by theMist on Jun 8, 2017 13:02:20 GMT -5
TSLA
TSLA was range bound from mid 100s to 291ish for a very long, long time TSLA finally broke out to the upside of that range
From Technical stand point, TSLA should easily hit over 400 Not saying it won't be without small dips, pullbacks along the way but long term looking bullish
Important to know Fundamentals when playing stocks as well
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Post by lasvegas77 on Jun 8, 2017 13:04:56 GMT -5
you guys think Tesla short squeeze soon over Although I think TSLA is a terrible company, the stock chart looks like it's just breaking out only recently and could go significantly higher. I wouldn't try to short that. Looks like a solid chart.
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Post by theMist on Jun 8, 2017 13:24:34 GMT -5
S&P is back below that neckline and is staying there
Jury is still out whether or not iH&S will play out
S&P breaks below yesterday's lod 2424.75 and it turns into a double top
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Post by theMist on Jun 8, 2017 13:51:39 GMT -5
VXX 15 min chartHopefully that its for VXX bounce S&P not cooperating so far
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Post by lasvegas77 on Jun 8, 2017 13:56:55 GMT -5
I think it's related to the UK election hedging possibly. Should have a big drop on vxx around 5pm est.
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Post by theMist on Jun 8, 2017 14:03:47 GMT -5
I think it's related to the UK election hedging possibly. Should have a big drop on vxx around 5pm est. I was texting back and forth with Walnut saying that VXX dropped straight down from 13.79 to 13.03 How could you not expect a bounce? VXX low 13s was the spot to cover for scalp VXX 13.19 and should come back down again as long as S&P stays calm
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Post by theMist on Jun 8, 2017 14:10:31 GMT -5
Hopefully now that was the bounce that takes VXX solidly below 13 VXX 13.16
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Post by theMist on Jun 8, 2017 14:16:08 GMT -5
S&P FuturesFell back below neckline of iH&S Unless S&P can get back above that neckline soon you can stick fork in iH&S Could still happen and be in play - will know by tomorrow If price action drops below the Head (SP cash2424ish) you can absolutely stick form in the pattern and can turn into double top S&P is RISING UP THIS FINAL HOUR WHICH IS GOOD BUT STILL HAVE TO BE CAREFUL Tomorrow we will know if the iH&S pattern validates
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Post by lasvegas77 on Jun 8, 2017 14:22:40 GMT -5
13 is showing support on vxx about as strong as 14 was last month.
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Post by theMist on Jun 8, 2017 14:34:36 GMT -5
Covering half position at VXX 13.12 -- still needs to hit 21k out of 42k JUST HIT 10K DAY SO FAR!!
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Post by lasvegas77 on Jun 8, 2017 14:36:54 GMT -5
congrats Mist. Have you fully recovered from the big spike in May yet?
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Post by theMist on Jun 8, 2017 14:38:35 GMT -5
congrats Mist. Have you fully recovered from the big spike in May yet? Thx LV Oh yeah and then some
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Post by lasvegas77 on Jun 8, 2017 14:39:51 GMT -5
Very good. I wasn't sure.
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Post by lasvegas77 on Jun 8, 2017 14:41:15 GMT -5
The other day when it looked real scary on vxx, i remember saying it would all crash back down on Thursday. Not quite the crash i was expecting but at least back near the all time lows so far.
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Post by theMist on Jun 8, 2017 14:44:19 GMT -5
Very good. I wasn't sure. And I actually have you to thank By limiting myself on funds I was missing out on large gains I've had winning trades every day since that spike to recoup faster I needed to pony up more funds for larger positions you made me bolder again And I was always used to shorting up to 30-40k shares VXX With playing with less funds I was only able to short half that amount And I was so used to scaling positions up to 40k short VXX and when I needed to the funds weren't there and would hurt my trading -- until I added more funds again of course Also, that large spike in May has made me a smarter trader and that won't happen again Not perfect still but getting there
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Post by lasvegas77 on Jun 8, 2017 14:48:41 GMT -5
LOL. Mist you crack me up. Are you saying you upped your exposure because I was betting heavily myself too?
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Post by lasvegas77 on Jun 8, 2017 14:49:48 GMT -5
I did notice the number of shares you shorted dramatically went up recently. I was wondering about that. haha.
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