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Post by theMist on Jun 30, 2017 11:54:02 GMT -5
Hourly candles close in 5 mins and need SP to rise up
right now not looking good
thankfully some last minute buyers stepped in just before the hour was up and right after it
S&P Hourly indicators bullish but need it to cross stronger
And need VXX to break back into 12.50 range Problem is VXX has 10dsma 12.64 and descending channel support in the way - we're just above channel still at VXX 12.73
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Post by theMist on Jun 30, 2017 12:13:33 GMT -5
S&P Hourly S&P does have Bull flag BTW - just need it to breakout to upside consolidating back and forth within flag S&P needs to get above that horizontal line
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Post by theMist on Jun 30, 2017 12:56:46 GMT -5
VXX flatlined in mid 12.70 range and VXX 15 min indicators might cross bullish causing VXX to pop a little
I covered and will wait out
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Post by walnut on Jun 30, 2017 13:10:45 GMT -5
See ya at 12.66 haha
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Post by theMist on Jun 30, 2017 13:11:20 GMT -5
I have the finger on the button to reshort just waiting out these 15 min indicators a little bit
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Post by walnut on Jun 30, 2017 13:15:35 GMT -5
may be rolling a little again.
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Post by theMist on Jun 30, 2017 13:25:06 GMT -5
reshorted
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Post by theMist on Jun 30, 2017 13:54:58 GMT -5
VXX 12.68 is a brick floor
It will break lower on Monday IMO
Or maybe get lucky with final hour
S&P has been rising this whole time and VXX still flat at 12.72ish
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Post by walnut on Jun 30, 2017 14:01:01 GMT -5
weird that it won't drop. Boring and frustrating.
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Post by theMist on Jun 30, 2017 14:04:29 GMT -5
It's not a good sign if VXX can't get back below the 10dsma
Maybe a gap down on Monday
torture
Talk to you guys later
Have a good weekend all
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Post by theMist on Jun 30, 2017 14:48:35 GMT -5
FINNNNNALLLLYYYYYYY!!!!!!!!
lol
1.5 Billion Market on Close that's huge
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Post by theMist on Jun 30, 2017 15:22:22 GMT -5
FINNNNNALLLLYYYYYYY!!!!!!!! lol 1.5 Billion Market on Close that's huge So much for Huge Buy Imbalance they dumped in final 10 mins ttyl
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Post by theMist on Jun 30, 2017 18:56:11 GMT -5
Just some eod thoughts
VXX failed to get below 10dsma and back into descending channel Body of VXX Hourly red hollow candle was filled with move to 12.61 before bouncing back up hard
Contango dropped -- now at 2-3% and vix futures curve not looking so great
Late day move in markets was not encouraging and S&P chart not looking so good as well for short term
Today's move down in VXX was backtest of channel break and like I said failed to get back into channel and rejected move underneath 10dsma
BBs are tight on daily chart and big move can be coming and normally I would say down BUT with contango and vix futures looking the way they are I wouldn't bet on it.
VXX low after spike was 12.51 and just about almost completely undid the spike
Have to be very careful shorting VIX SCAMs going forward and another spike can be coming
just words of caution
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