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Post by walnut on Aug 24, 2017 9:06:26 GMT -5
VXX bouncing off 15 min BB, maybe we will be alright
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Post by huh on Aug 24, 2017 9:20:16 GMT -5
Es backtested that 2440 and then some. Let's see if all those upside gaps can get filled now. Keep in mind, if/when those gaps are filled, I would expect the S&P to test it's 200dma in the 2350's. It's been nearly a year since the last test, and there is a potential bearish pattern forming that points there already. Also, that last bottom the other day, where NDX backtested that support I showed in the chart, well, at the same time S&P backtested its 100 dma. I do think a 200dma test is coming soon. Gap downs have mattered up until now since we could expect they would get filled. But I wouldn't expect that to continue once these current gaps are filled since there are potential bearish patterns now and these gap fills would complete them while giving them symmetry. So if they happen, I wouldn't chase for gap fills after these (again, assuming these current ones do get filled)
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Post by ipath on Aug 24, 2017 9:21:31 GMT -5
It wouldn't be shocking to see ES backtest ~2440 yet. A hold under that would be concerning, but unlikely Great call!
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Post by theMist on Aug 24, 2017 9:27:50 GMT -5
yes Huh -- that was an awesome call! Now I just need VXX to make new lod again swings are intense VXX 48.40
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Post by walnut on Aug 24, 2017 9:38:39 GMT -5
Not liking the setup here for a vxx short even though my indicators giving a weak sell signal, gonna hold off
Still kinda looking for sure things
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Post by theMist on Aug 24, 2017 9:43:24 GMT -5
Not liking the setup here for a vxx short even though my indicators giving a weak sell signal, gonna hold off Still kinda looking for sure things yeah - trading between 12 and 12.10 (with markets green) Hit high of 12.35 (49.43) -- that was the spot to short
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Post by walnut on Aug 24, 2017 9:51:05 GMT -5
Not liking the setup here for a vxx short even though my indicators giving a weak sell signal, gonna hold off Still kinda looking for sure things yeah - trading between 12 and 12.10 (with markets green) Hit high of 12.35 (49.43) -- that was the spot to short I know, but following these indicators has me batting at nearly 100% lately, The temptation to short there was very strong, but the indicators had not had time to reset and said hold off, so I did. Hard to sit through that
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Post by theMist on Aug 24, 2017 9:54:14 GMT -5
yeah - trading between 12 and 12.10 (with markets green) Hit high of 12.35 (49.43) -- that was the spot to short I know, but following these indicators has me batting at nearly 100% lately, The temptation to short there was very strong, but the indicators had not had time to reset and said hold off, so I did. Hard to sit through that don't blame you -- markets can still go either way and Vix Scams trading all over the place today there are definitely better days to trade than today -- I would hold off also FED will be key today in setting direction I believe Also, Scottrade always has a ton of VXX available to short but not always TVIX, UVXY If I had my choice, I would definitely be shorting TVIX
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Post by walnut on Aug 24, 2017 9:58:03 GMT -5
IB almost always has tvix, but never UVXY at the BEST times
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Post by walnut on Aug 24, 2017 9:58:50 GMT -5
IB has no UVXY to short right now, that's something isn't it??
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Post by walnut on Aug 24, 2017 10:00:48 GMT -5
Indicators say stay the hell out right now
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Post by theMist on Aug 24, 2017 10:04:08 GMT -5
Indicators say stay the hell out right now VXX Hourly indicators still up I blame Trump for all these wild swings in markets -- the tweets with the attacks, threats, etc. Government shutdown, attacking Mitch McConnell, etc...
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Post by walnut on Aug 24, 2017 10:11:50 GMT -5
A legit VXX rollover may be coming soon
edit - not now, I sd soon haha
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Post by theMist on Aug 24, 2017 10:15:13 GMT -5
A legit VXX rollover may be coming soon edit - not now, I sd soon haha I'd stay away -- news doesn't let up with bashing Trump and VXX strong today -- technicals not so great yet
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Post by walnut on Aug 24, 2017 10:18:32 GMT -5
dang, yep everything just changed, gonna stay out today.
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Post by ipath on Aug 24, 2017 10:19:16 GMT -5
Mist, you still holding your short positions from yesterday?
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Post by walnut on Aug 24, 2017 10:23:57 GMT -5
Gotta go to the quarry, but really a decent roll over still looks likely to me before long.
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Post by lasvegas77 on Aug 24, 2017 10:26:55 GMT -5
Id be more concerned today if the fed didn't start their meeting. I still think liquidity will reententer this market soon. The snp should get above 2450 today and it will happen very quickly once it starts.
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Post by walnut on Aug 24, 2017 10:27:18 GMT -5
It's gonna be awhile, I can't wait for it
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Post by lasvegas77 on Aug 24, 2017 10:30:16 GMT -5
It's gonna be awhile, I can't wait for it I don't blame you but by the time it looks safe, the easy money back down will be over for a while.
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