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Post by walnut on Aug 23, 2017 13:34:16 GMT -5
Walnut - you done trading for the day? Or looking to reload? I did a series of small scalps while he was speaking. Feeling a little suspicious of last hour and a half today for some reason. I'm sure VXX will drop.
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Post by walnut on Aug 23, 2017 13:43:51 GMT -5
CNBC brings on the "volatility experts" every day about this time haha
Might try to sell tvix
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Post by walnut on Aug 23, 2017 13:47:04 GMT -5
I should have stuck with that short. had TVIX at 17.60 Oh well
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Post by theMist on Aug 23, 2017 13:47:05 GMT -5
Real nice drop in VXX after that 2nd spike Nice RED close for the VIX SCAMs would be nice
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Post by theMist on Aug 23, 2017 14:04:15 GMT -5
You can tell by the way S&P Hourly Indicators are looking that S&P is going to take another leg up
Indicators refusing to rollover bearish should play out like a touch and go landing
contango now hitting little over 5%
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Post by theMist on Aug 23, 2017 14:21:19 GMT -5
Once VXX gets below that red hollow candle (46.32), it will confirm my thoughts of VXX retesting and making new all time lows (<43.64)
That red hollow candle proved to be dangerous -- but the bounce is always temporary and price action always revisits that candles lod -- just a question of when
ttyl
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Post by huh on Aug 23, 2017 15:31:00 GMT -5
VXX action today relative to the indices makes absolutely no sense to me
But I guess that's why we call them scams
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Post by walnut on Aug 23, 2017 16:29:02 GMT -5
I thought the market was jumpy but I was an hour or two early with my concern
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