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Post by huh on Jul 6, 2017 8:44:34 GMT -5
Now I'd expect banks to begin their pullback. Only question is whether tech can rally (and why AAPL's chart is now key)
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Post by huh on Jul 6, 2017 8:48:21 GMT -5
BAC chart showing complex H&S - 3 LS', 3 RS', then squeeze for a head test right to major FIB resistance. A failure of the 61.8 FIB previous resistance ~24.35, now support, would be a strong signal to short it down to ~18.50. Shorting it up here ~24.87 would be a good odds early entry.
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Post by theMist on Jul 6, 2017 9:00:18 GMT -5
ES just tested its pre-market low ... to the penny S&P bear flag broke to downside and broke below premarket S&P low
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Post by Herceg on Jul 6, 2017 9:04:01 GMT -5
Don't ask about LB, got totally confused and lost.............unfortunately for me............
COST - 10:00:40 Bought to Cover 75s @ $158.9935 - Total: $11,928.96 COST - 09:55:53 Sold Short 75s @ $159.71 - Total: $11,973.53 LB - 09:43:37 Bought to Cover 100s @ $48.61 - Total: $4,865.45 LB - 09:43:37 Bought to Cover 100s @ $48.61 - Total: $4,861.00 LB - 09:43:37 Bought to Cover 200s @ $48.60 - Total: $9,720.00 LB - 09:43:37 Bought to Cover 100s @ $48.61 - Total: $4,861.00 LB - 09:43:37 Bought to Cover 50s @ $48.61 - Total: $2,430.50 LB - 09:43:37 Bought to Cover 100s @ $48.60 - Total: $4,860.00 LB - 09:43:37 Bought to Cover 350s @ $48.619 - Total: $17,016.65 LB - 09:43:26 Sold Short 1000s @ $48.6201 - Total: $48,614.42 YUMC - 09:31:39 Bought to Cover 100s @ $35.65 - Total: $3,569.45 YUMC - 08:53:32 Sold Short 100s @ $37.20 - Total: $3,715.46
~$190........
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Post by huh on Jul 6, 2017 9:04:14 GMT -5
ES just tested its pre-market low ... to the penny S&P bear flag broke to downside and broke below premarket S&P low Yeah, so much for gap down favors bulls, huh? Good call, Mist. I really do suck at the near term calls, huh? My recent update on short oil being a good example.
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Post by ipath on Jul 6, 2017 9:05:42 GMT -5
If oil had the day from yesterday, the markets would look much worse now
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Post by ipath on Jul 6, 2017 9:08:47 GMT -5
I leave for one day and everything looks different. You guys go from shorting to going long on VXX Was outside yesterday working on some projects, keeping Tampa Bay beautiful.. after the fireworks there was a huge mess everywhere
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Post by theMist on Jul 6, 2017 9:15:59 GMT -5
lol - ipath
I started long scalping VXX this week
I think this one can have a little more legs
contango in 2% range if enters backwardation this move can get ugly
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Post by clinton on Jul 6, 2017 9:16:36 GMT -5
SPY 1 min OBV doesnt look bearish JM2P
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Post by ipath on Jul 6, 2017 9:19:22 GMT -5
Should I do a vertical flip on my avatar I still have a small short position in TVIX that I initiated the other day when S&P went down to 2406, still making money with it, after reading your bearish thoughts I am thinking to cover before it gets worse. It's only 10% of my account, not much I can ride it out.
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Post by clinton on Jul 6, 2017 9:23:17 GMT -5
bullish van halen on 1 min spy chart
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Post by theMist on Jul 6, 2017 9:28:04 GMT -5
ipath -- S&P above 2400 definitely feels toppy
Can S&P hit support at 2380-2400 range and make one more run for all time high? Sure it can.
But if that support area breaks then its game over IMO
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Post by ipath on Jul 6, 2017 9:33:57 GMT -5
thanks Mist, will keep that in mind
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Post by walnut on Jul 6, 2017 9:39:33 GMT -5
bullish van halen on 1 min spy chart I don't know, those guys are looking pretty rough these days.
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Post by theMist on Jul 6, 2017 9:43:50 GMT -5
Clint - what is a bullish van halen ?
lol
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Post by theMist on Jul 6, 2017 9:44:48 GMT -5
S&P Hourly S&P is trying to bounce and put in a bottoming candle in for the day However, S&P Hourly indicators still bearish
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Post by clinton on Jul 6, 2017 9:45:37 GMT -5
ClintonSPX $AKS LONG 6.29 korea/china problems make this Bullish
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Post by theMist on Jul 6, 2017 9:46:45 GMT -5
VIX Futures
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Post by walnut on Jul 6, 2017 9:49:31 GMT -5
Clint - what is a bullish van halen ? lol I think he is busting on chartists haha
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Post by clinton on Jul 6, 2017 9:51:45 GMT -5
Clint - what is a bullish van halen ? lol check the thurs 10-2 thread I bumped
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