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Post by theMist on Jun 20, 2017 11:18:28 GMT -5
VXX
That white line back test is around 12.94ish FWIW
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BigM
Full Member
Posts: 142
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Post by BigM on Jun 20, 2017 11:23:42 GMT -5
The algorithm I was in had me short S&P futures for the last month. It covered the short yesterday at the close. My 1 contract short s&p futures was keeping the market propped up!
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Post by theMist on Jun 20, 2017 11:26:22 GMT -5
S&P Hourly chart Almost at backtest area
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Post by theMist on Jun 20, 2017 11:31:10 GMT -5
S&P now at backtest of breakout at SP2440 and needs to bounce
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Post by theMist on Jun 20, 2017 11:40:05 GMT -5
The market actually acted normal today after breaking out yesterday S&P actually back tested the breakout (from yesterday) above resistance now turned support S&P needs to rise from here
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Post by theMist on Jun 20, 2017 11:48:50 GMT -5
VXX 15 min chartIf my lines are correct and this is a rising wedge then VXX should be dropping back to lod
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Post by theMist on Jun 20, 2017 12:02:24 GMT -5
S&P Hourly ChartS&P putting in nice bottoming candle off of back test of support Needs follow thru and should get it VXX dropping back nicely after backtesting as well
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Post by theMist on Jun 20, 2017 12:22:56 GMT -5
Order to cover 48.8k short VXX in at VXX 12.56
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Post by walnut on Jun 20, 2017 12:28:26 GMT -5
Order to cover 48.8k short VXX in at VXX 12.56 ha
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Post by walnut on Jun 20, 2017 12:29:23 GMT -5
come on SP
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Post by theMist on Jun 20, 2017 12:34:25 GMT -5
Walnut - are you getting hit with that vicious heat wave going on in the Southwest?
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Post by walnut on Jun 20, 2017 12:49:19 GMT -5
No we are not that far SW, its nice here lately 70s and 80s
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Post by theMist on Jun 20, 2017 12:52:18 GMT -5
I bet LV is getting hit bad
LV - are you around?
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Post by Lasvegas77 on Jun 20, 2017 13:02:22 GMT -5
I bet LV is getting hit bad LV - are you around? Hey mist! I'm in Laughlin nv heading towards the Grand Canyon. Not trading now and won't be many weeks.
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Post by theMist on Jun 20, 2017 13:03:53 GMT -5
I bet LV is getting hit bad LV - are you around? Hey mist! I'm in Laughlin nv heading towards the Grand Canyon. Not trading now and won't be many weeks. Enjoy -- Grand Canyon is an awesome sight Last time I visited family in Tucson AZ, went thru Sedona, Grand Canyon, Hoover Dam, then Vegas, Yosemite National Park, San Francisco Back down to LA, San Diego Toured the whole South West -- was an awesome vacation I definitely need to do it again
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Post by theMist on Jun 20, 2017 13:11:49 GMT -5
VXX 4 HR ChartPutting in Bearish engulfing candle VXX 12.68
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Post by theMist on Jun 20, 2017 13:16:46 GMT -5
Nibbling at shorting VXX in premarket keeping it small 10k VXX may look to fill gap to 12.85-13 but just in case falls short - I want to be short some and VXX should absolutely drop down and fill morning gap to 12.58 at some point today VXX 12.58 is good spot to cover for scalp VXX 12.72 So the question coming into today was - 'Do the markets put in a backtest after breaking out yesterday?' The answer was obviously 'YES'. And that's why one of my first posts was to keep dry powder in case VXX reaches for gap fill and back test -- VXX 12.85-13 VXX hit 12.85 and dropped back and then reached back up for 12.97 before retesting lod which is where it is trading now VXX 12.69
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Post by theMist on Jun 20, 2017 13:30:54 GMT -5
S&P still in back test area and not behaving a little after bouncing off SP2440
Figures!
NEWS
WH: Announcement on Comey tapes expected this week
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Post by Lasvegas77 on Jun 20, 2017 13:35:10 GMT -5
Hey mist! I'm in Laughlin nv heading towards the Grand Canyon. Not trading now and won't be many weeks. Enjoy -- Grand Canyon is an awesome sight Last time I visited family in Tucson AZ, went thru Sedona, Grand Canyon, Hoover Dam, then Vegas, Yosemite National Park, San Francisco Back down to LA, San Diego Toured the whole South West -- was an awesome vacation I definitely need to do it again Sounds like an awesome trip you had. We are doing 7 national parks and more including monument valley and Yellowstone. Laughlin really had a big bubble that popped intell you. Haha
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Post by theMist on Jun 20, 2017 13:41:55 GMT -5
Doesn't look like VXX going to close morning gap
VXX hit lod 12.66 and hitting floor
S&P bounced off of support and then rolled back and is retesting it
Tomorrow S&P gap UP or DOWN will be important
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