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Post by theMist on Jul 6, 2017 9:57:24 GMT -5
Clint - what is a bullish van halen ? lol check the thurs 10-2 thread I bumped lol - I like it  |
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Post by theMist on Jul 6, 2017 10:13:27 GMT -5
ipath - you are right re Energy and Oil UP is definitely saving this market from utter disaster
Semis also UP on the day
But that SP H&S target definitely measures lower
SP selling should kick in again after this bounce
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Post by theMist on Jul 6, 2017 10:43:10 GMT -5
S&P Hourly Backtesting old support (now resistance) should act like pivot 2420 Bulls get back above 2420 and should cause squeeze Bears keep SP under 2420 and should have continued selling NEW NOTE: if S&P gets back above that line which it is as of right now then could be backtesting that green 200ema moving avg  |
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Post by ipath on Jul 6, 2017 11:06:04 GMT -5
I lost money before being on the bear side, they are not tricking me again |
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Post by theMist on Jul 6, 2017 11:09:06 GMT -5
I lost money before being on the bear side, they are not tricking me again Bull market has been very resilient However, even if S&P does bounce back going into the close instead of selling, you have to admit that this really does feel like final leg of 2nd longest bull market in history Action above SP2400 is very choppy with wild swings Trust me -- I've been bullish since I started posting again here at FAZ amongst a lot of perma bears here Being bullish at these levels is like holding out for a few more pennies Risk / reward isn't worth it IMO BUY and HOLD is done unless hedged appropriately - this is a trading environment Trump launches a surprise attack on North Korea and you will see the mother of all selloffs |
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Post by theMist on Jul 6, 2017 11:26:48 GMT -5
S&P Hourly S&P so far rejecting move back above resistance (was support) -- SP2420 But hourly candle not yet complete  |
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Post by ipath on Jul 6, 2017 11:53:38 GMT -5
we were in the news.. probably nobody cares, but I will still post it |
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Post by lasvegas77 on Jul 6, 2017 11:53:44 GMT -5
VXX over 13 again. Im thinking i saved my ass a lot of money on this pricey road trip. Greetings to you from Capitol Reef national park in Utah |
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Post by theMist on Jul 6, 2017 11:57:00 GMT -5
ipath - were you in the video?
LV - good to hear from you - glad your enjoying your vacation
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Post by lasvegas77 on Jul 6, 2017 11:58:48 GMT -5
ipath - were you in the video? LV - good to hear from you - glad your enjoying your vacation Thanks Mist! Yeah, it's quite a trip. I'm taking a lot of great video with my very heavy PXW-z100 4k sony camera. Eventually a youtube video will be made if i ever get around to editing it. |
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Post by ipath on Jul 6, 2017 11:59:26 GMT -5
yeah, I was in the background
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Post by lasvegas77 on Jul 6, 2017 11:59:30 GMT -5
ipath - were you in the video? LV - good to hear from you - glad your enjoying your vacation Glad you made some money even on the long side. That's quite brave of you! |
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Post by theMist on Jul 6, 2017 12:06:24 GMT -5
Capitol Reef national park in Utah
Last time I was in Utah had to be 20 years ago when I was skiing -- Park City, Alta, Snowbird
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Post by theMist on Jul 6, 2017 12:07:11 GMT -5
yeah, I was in the background People are such slobs Those firework cartons can be heavy. They're made of wood and cardboard You think they would cleanup when they were done |
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Post by lasvegas77 on Jul 6, 2017 12:08:47 GMT -5
Capitol Reef national park in Utah Last time I was in Utah had to be 20 years ago when I was skiing -- Park City, Alta, Snowbird It's been about a 100 degrees here everyday except for yesterday and today. Super hot in the summer time. haha. Looks like it's getting a little cooled off at least for now. By the end of the trip, I'll have seen pretty much the entire state of Utah and much more. |
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Post by theMist on Jul 6, 2017 12:19:26 GMT -5
With SP back over SP2420 starting to feel like fireworks over for today lol
Bears getting squeezed now
Sold 10k VXX earlier -- still holding 15k
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Post by ipath on Jul 6, 2017 12:27:37 GMT -5
nice, you locked in some profits on the upside. what do you see as possible scenarios for tomorrow?
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Post by theMist on Jul 6, 2017 12:33:51 GMT -5
nice, you locked in some profits on the upside. what do you see as possible scenarios for tomorrow? Let's see how markets close first before we draw conclusions A dump into the close obviously would not be good going into tomorrow |
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Post by theMist on Jul 6, 2017 12:42:19 GMT -5
S&P Hourly S&P lost SP2420 again BBs widened now and low 2400 still on table Market close will be very important  |
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Post by huh on Jul 6, 2017 12:43:21 GMT -5
I'm not at my computer but at a glance looks a lot like a rising wedge into that 2420 resistance
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