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Post by theMist on Jul 19, 2017 10:51:55 GMT -5
My IRA Account
so far Bought 2k SPXU Bought 1k VXX
BB - getting lunch
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Post by walnut on Jul 19, 2017 12:29:28 GMT -5
VXX may be counter-trending now. oversold
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Post by ipath on Jul 19, 2017 12:50:04 GMT -5
A spike in VXX could trigger margin calls of those who are short right now forcing them to cover automatically in chain reaction. Don't wish this to anybody, but hope it spikes soon
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Post by theMist on Jul 19, 2017 12:52:35 GMT -5
S&P Hourly chart The inverse H&S measures SP2472ish And the move never backtested the neckline so what that means is that all of today's gains will be undone at some point after hitting target
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Post by theMist on Jul 19, 2017 12:55:23 GMT -5
S&P Hourly Chart Now to backtest the breakout/neckline - looking at a 50+ pt drop in S&P
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Post by walnut on Jul 19, 2017 12:58:27 GMT -5
Since 12 was NO support 3 days ago, perhaps 11 will be LOL
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Post by walnut on Jul 19, 2017 13:02:10 GMT -5
OK I bot vxx again at 11.37
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Post by theMist on Jul 19, 2017 13:16:10 GMT -5
OK I bot vxx again at 11.37 Keep dry powder so you can avg in And time horizon has to be more than one day lol At some point, S&P will sell hard
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Post by walnut on Jul 19, 2017 13:28:43 GMT -5
"And time horizon has to be more than one day lol"
I'm going to try haha
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Post by theMist on Jul 19, 2017 13:29:58 GMT -5
S&P Hourly Chart Looks like Large Rising Wedge -- 3 touches on upper line, 2 toughes on lower lower line breaks and should sell hard
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Post by theMist on Jul 19, 2017 14:28:45 GMT -5
Bought 500 SOXS for IRA just now
Also, you have to admit VXX is holding up pretty well in the face of rising S&P into the close
Remember: this entire move in S&P will be undone at some point. Just a question of whether its tomorrow or next week IMO
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Post by walnut on Jul 19, 2017 14:37:01 GMT -5
VXX is now signalling that the market is finally starting to feel a little cautious about this rally. But vix index still only 9.72.
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Post by theMist on Jul 19, 2017 14:39:24 GMT -5
VXX is now signalling that the market is finally starting to feel cautious about this rally. But vix index still only 9.72. So Walnut -- where do you think VXX will be with a 52+ pt drop in S&P?
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Post by walnut on Jul 19, 2017 14:42:43 GMT -5
VXX is now signalling that the market is finally starting to feel cautious about this rally. But vix index still only 9.72. So Walnut -- where do you think VXX will be with a 52+ pt drop in S&P? Based on previous drops, the amount that VXX moves as a % to SP moves, about +$2.3 is just a guess. Actually maybe a little more than that.
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Post by theMist on Jul 19, 2017 14:50:04 GMT -5
So Walnut -- where do you think VXX will be with a 52+ pt drop in S&P? Based on previous drops, the amount that VXX moves as a % to SP moves, about +$2.3 is just a guess. Actually maybe a little more than that. BTW - SP drop 52-54 pts is minimum and can be lot more than that
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Post by walnut on Jul 19, 2017 14:51:49 GMT -5
That would be fantastic
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Post by theMist on Jul 19, 2017 14:52:09 GMT -5
My IRA is full on Bear now
and I have plenty of staying power with it It's a mix of SOXS, SPXU, VXX
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Post by walnut on Jul 19, 2017 14:59:07 GMT -5
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Post by theMist on Jul 19, 2017 14:59:50 GMT -5
This move has gone so vertical that if candles could go up and to the left they would lol
S&P is blowing out above long term resistance as well
Also, BTW - when markets keep going up absent any patterns (whether bullish OR bearish) that alone creates a selling environment and weakens as it climbs
ttyl
BTW - before I forget - that's another complete VXX candle outside its lower BB
alright ttyl
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