|
|
Post by theMist on Jul 18, 2017 12:56:59 GMT -5
Comon Mist, last time you asked them to fly, they flew  lol I'm looking to hold this one overnight Right now VXX is below lower BB again (currently 11.68) these are over sold conditions for short term I believe VXX will put in nice spike any day now along with backtest of SP low 2400 just a question of when |
|
|
|
Post by walnut on Jul 18, 2017 13:11:01 GMT -5
I wanted to sell on that 15 minute macd cross but vxx is just so over sold and was already on long term support. It found a way to drop 9 cents anyway
|
|
|
|
Post by theMist on Jul 18, 2017 13:11:33 GMT -5
For ipath Fly my babies!! FLY!!!  |
|
|
|
Post by theMist on Jul 18, 2017 13:13:46 GMT -5
I wanted to sell on that 15 minute macd cross but vxx is just so over sold and was already on long term support. It found a way to drop 9 cents anyway Yesterday's candle outside lower BB is a warning sign And out of nowhere VXX can spike last time it took 2 days -- which would mean tomorrow if follows same pattern and VXX spiked $2 |
|
|
|
Post by ipath on Jul 18, 2017 13:34:04 GMT -5
I would take a dollar but 2 would be great. Thanks for asking them to fly, they are taking time to respond Even when one is lucky to be long on the upside, it is difficult to time the perfect exit. They make that inverse V and drop back down fast when they reach the top |
|
|
|
Post by theMist on Jul 18, 2017 13:42:15 GMT -5
I would take a dollar but 2 would be great. Thanks for asking them to fly, they are taking time to respond Even when one is lucky to be long on the upside, it is difficult to time the perfect exit. They make that inverse V and drop back down fast when they reach the top I'm looking to catch the backtest of that descending support line At that point you can sell long VXX or TVIX position when it hits that support But I believe there's a strong possibility that support wont hold It's just a question of when they hit the SELL button to backtest and whether or not SP still reaches up for SP2468 target before then |
|
|
|
Post by ipath on Jul 18, 2017 14:01:10 GMT -5
So that support is right under $13 for the VXX, right? |
|
|
|
Post by theMist on Jul 18, 2017 14:03:36 GMT -5
So that support is right under $13 for the VXX, right? Meant S&P support S&P sells hard and VIX, VXX, TVIX will rise When S&P hits support is when they drop like a brick I'll post a chart |
|
|
|
Post by theMist on Jul 18, 2017 14:06:56 GMT -5
S&P gapped up and broke out and never backtested S&P at some point will drop hard to backtest descending support (was resistance) line -- green arrow If it were to backtest tomorrow, would mean S&P move back down to SP2418ish And at this point, its not really a backtest because S&P already hits its target of SP2464ish. So, its going to sell hard (when it does) and strong possibility that it will cut through it like butter.  |
|
|
|
Post by ipath on Jul 18, 2017 14:11:54 GMT -5
Thank you Mist. I meant resistance for VXX is under 13
|
|
|
|
Post by theMist on Jul 18, 2017 14:13:04 GMT -5
Thank you Mist. I meant resistance for VXX is under 13 gotcha - you can't really go by that Most important chart is S&P -- which if sells hard -- effects vix, vix futures, vix scams S&P now only 8 pts away from SP2468 target |
|
|
|
Post by ipath on Jul 18, 2017 14:18:07 GMT -5
yeah last time I shorted TVIX I did it when SP500 went down to 2403, the most perfect timing in my trading history.. its amazing how accurate the charts can be in predicting the moves. Honestly, before I didn't pay much attention to the charts but now learning with you guys |
|
|
|
Post by ipath on Jul 18, 2017 14:19:22 GMT -5
And just as I said that I realized I earned a new star, now I am a senior here |
|
|
|
Post by theMist on Jul 18, 2017 14:28:37 GMT -5
And just as I said that I realized I earned a new star, now I am a senior here Congratulations iPath and so glad you joined us |
|
|
|
Post by theMist on Jul 18, 2017 14:30:11 GMT -5
Would be nice to see S&P hit SP2468 because after that anything can happen
and they can pull the rug out from underneath the markets IMO
VXX is so oversold in short term
|
|
|
|
Post by walnut on Jul 18, 2017 14:35:30 GMT -5
It may be oversold but it still stings a little that I didn't sell at 11.71.
|
|
|
|
Post by ipath on Jul 18, 2017 14:35:31 GMT -5
Thank you Mist.. yeah that would be great. Lets see what happens
|
|
|
|
Post by theMist on Jul 18, 2017 14:42:56 GMT -5
It may be oversold but it still stings a little that I didn't sell at 11.71. I hear ya But if you shorted some at 11.71 and get caught in a spike to 13-14 then what? BTW - I added more and have a VXX 11.58 avg but will lighten up a little - I can't hold 40k long VXX overnight |
|
|
|
Post by walnut on Jul 18, 2017 15:00:57 GMT -5
That is a very good average from where you started. It is definitely due to pop it seems like.
|
|
|
|
Post by theMist on Jul 18, 2017 15:02:18 GMT -5
VXX Daily Chart Closed outside lower BB again today  |
|
