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Post by theMist on Aug 24, 2017 10:32:21 GMT -5
Mist, you still holding your short positions from yesterday? yes looks like VXX wants to tap 10dsma around 50
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Post by walnut on Aug 24, 2017 10:34:27 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. I don't think so this time, I think a chance for a nice short will be presenting itself. The fed is the issue but if I am around when the indicators say so I will do it. These fast sudden rises kinda screw with the reliability of the indicators though. I think I will keep my mouth shut because this market is so volatile I am having to change my mind every 15 minutes.
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Post by theMist on Aug 24, 2017 10:43:07 GMT -5
VXX tapped 10dsma -- now need it to drop back down and pull on it lower Really need a weak close in VXX VXX Daily chart
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Post by walnut on Aug 24, 2017 10:46:01 GMT -5
I can't resist putting my 2 cents in one more time, I think the nice drop most likely not for awhile. Gonna be some false starts first.
Nice to see some contango is still there.
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Post by theMist on Aug 24, 2017 10:49:57 GMT -5
VXX should drop back to at least 48.75 area to backtest IMO just question of when
VXX 49.40
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Post by walnut on Aug 24, 2017 11:02:58 GMT -5
Indicators gave a weak sell again but still the wrong setup, this could be a false start IMO
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Post by lasvegas77 on Aug 24, 2017 11:11:38 GMT -5
Here comes the cavalry!
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Post by theMist on Aug 24, 2017 11:21:02 GMT -5
I hope so -- when is Yellen and Draghi on tap?
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Post by lasvegas77 on Aug 24, 2017 11:22:23 GMT -5
Yellen doesn't speak until tomorrow.
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Post by walnut on Aug 24, 2017 11:23:30 GMT -5
Yellen doesn't speak until tomorrow. Yeah this is lousy for everyone, no trades unless you want to watch 5 minute candles
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Post by lasvegas77 on Aug 24, 2017 11:23:58 GMT -5
Yellen speaks first tomorrow at 12pm and draghi speaks at 3pm est.
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Post by theMist on Aug 24, 2017 11:25:36 GMT -5
When was the last time you saw VXX up almost 3.5% with S&P down 3 and contango over 5% ?!?!
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Post by walnut on Aug 24, 2017 11:28:17 GMT -5
When was the last time you saw VXX up almost 3.5% with S&P down 3 and contango over 5% ?!?! Yeah seems like it will drop hard at some point
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Post by lasvegas77 on Aug 24, 2017 11:30:17 GMT -5
When was the last time you saw VXX up almost 3.5% with S&P down 3 and contango over 5% ?!?! The spot vix is also only up 1.3% right now too.
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Post by theMist on Aug 24, 2017 11:33:36 GMT -5
Weak close for VIX SCAMs will confirm that it was just a technical move to backtest VXX 10dsma
Need VXX to drop hard and pull moving avgs down with it
gotta pull out the old Bull avatar
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Post by theMist on Aug 24, 2017 11:52:37 GMT -5
VXX Daily chart Need that weak close in VIX SCAMs to pull down on the moving averages and turn today into just a technical backtest of 10dsma
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Post by lasvegas77 on Aug 24, 2017 11:58:47 GMT -5
My boldest prediction is today vxx will make intraday lows by the close.
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Post by theMist on Aug 24, 2017 12:05:02 GMT -5
My boldest prediction is today vxx will make intraday lows by the close. I like the call -- I'm with ya
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Post by lasvegas77 on Aug 24, 2017 12:14:25 GMT -5
Did I mention that I left some notes for Yellen at the Jackson Lake Lodge? "Janet, short the vix some more please!"
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Post by theMist on Aug 24, 2017 12:47:17 GMT -5
What a wild swinging day
Now I know why VXX bounced, breaking news Charleston shooter
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