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Post by walnut on Aug 25, 2017 8:53:04 GMT -5
BTW - this move can be viewed as a S&P bull flag breakout I'm beginning to think that to look for a correction is a waste of time.
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Post by walnut on Aug 25, 2017 8:54:02 GMT -5
Wow that's what you were needing Mist
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Post by theMist on Aug 25, 2017 8:54:38 GMT -5
VXX hitting trendline support at 47.80
Need VXX to break to new lod then should see a real nice drop in VXX
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Post by walnut on Aug 25, 2017 8:55:11 GMT -5
Yeah expected bigger drop, that's odd
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Post by walnut on Aug 25, 2017 8:58:57 GMT -5
Indicators from yesterday should take VXX lower for a little while.
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Post by theMist on Aug 25, 2017 9:00:50 GMT -5
VXX 15 min chart needs to break below this trendline
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Post by ipath on Aug 25, 2017 9:04:54 GMT -5
last 10 points the snp was going up the scams stayed about same.. this just shows the concern is not the market action but some other factors WH and Fed
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Post by novie08 on Aug 25, 2017 9:13:19 GMT -5
last 10 points the snp was going up the scams stayed about same.. this just shows the concern is not the market action but some other factors WH and Fed Both Yellen and Draghi speaking at Jackson Hole today. Who is frontrunning what?
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Post by theMist on Aug 25, 2017 9:13:27 GMT -5
Want to see VXX take out yesterday's lod 47.24 and then take out that dangerous red hollow candle 46.32
I'll feel much better with VXX closing below 46.32
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Post by theMist on Aug 25, 2017 9:16:54 GMT -5
took profits 47.56 will wait little Walnuts nervousness with markets effecting me and with good reason
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Post by ipath on Aug 25, 2017 9:18:00 GMT -5
Want to see VXX take out yesterday's lod 47.24 and then take out that dangerous red hollow candle 46.32 I'll feel much better with VXX closing below 46.32 I would feel much better about it if the news read something like, "Twitter Servers Down - Services Will Be Restored Next Week"
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Post by walnut on Aug 25, 2017 9:20:16 GMT -5
I was just coming back to ask you to take profits Mist
Scalp- take profits the way to go, too much risk out there
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Post by theMist on Aug 25, 2017 9:28:16 GMT -5
VXX backtesting the break VXX breaks back above line and stays above line no good VXX stays below line good that red hollow candle has been very dangerous unless that candle gets taken out - there is technically a threat of another spike (3rd spike) in VXX IMO
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Post by walnut on Aug 25, 2017 9:35:32 GMT -5
VXX indicators turned bullish but I'm thinking not much, maybe already over
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Post by walnut on Aug 25, 2017 9:41:08 GMT -5
Good trade Mist BTW
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Post by theMist on Aug 25, 2017 9:45:28 GMT -5
Look at VXX Hourly -- where BBs are and type of candle its trying to put in
If puts in bottom candle and gets confirmation, VXX can close morning gap to 49.05
Also, S&P can come back down to backtest the break as well and close morning gap
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Post by walnut on Aug 25, 2017 9:51:36 GMT -5
Look at VXX Hourly -- where BBs are and type of candle its trying to put in If puts in bottom candle and gets confirmation, VXX can close morning gap to 49.05 Also, S&P can come back down to backtest the break as well and close morning gap I know but I feel like that setup wasn't great and I've missed that trade, whipsaw opportunity is what I see now.
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Post by walnut on Aug 25, 2017 10:05:15 GMT -5
TVIX is up, would have already been a good trade
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Post by theMist on Aug 25, 2017 10:12:28 GMT -5
S&P Hourly S&P with morning push closed a gap S&P still has gap in 2460 range (top green arrow) and has gaps below it (even in 2322 range) All this whipsaw action is S&P gyrating back and forth in descending channel I just wonder if S&P is putting in a large H&S topping pattern with head at 2490.87 and left shoulder at 2453ish Obviously way too early to call
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Post by theMist on Aug 25, 2017 10:15:35 GMT -5
TVIX is up, would have already been a good trade I would only look to try to reshort scams if they go green IMO
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