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Post by walnut on Aug 28, 2017 11:56:30 GMT -5
Yeah that seems to be forecasting it maybe What a choppy day. But the futures were indicating much worse last night before they turned around. This leads me to think the market has some underlying strength. Money managers must be selling at the end of this month to make these kinds of moves. Look what contango drops down to in September, October Might be very rough two months
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Post by lasvegas77 on Aug 28, 2017 11:58:24 GMT -5
What a choppy day. But the futures were indicating much worse last night before they turned around. This leads me to think the market has some underlying strength. Money managers must be selling at the end of this month to make these kinds of moves. Look what contango drops down to in September, October Might be very rough two months Oh believe me. I'm aware of those. haha. I do think selling pressure will let off soon because we are heading into a three day weekend. Usually that makes the vix plunge.
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Post by walnut on Aug 28, 2017 12:35:19 GMT -5
Sold some tvix, average 17.05
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Post by theMist on Aug 28, 2017 13:15:27 GMT -5
Backtest of the breakout is now in mid 47.20 range if it doesn't backtest down to that area and then take out 47.05, that red hollow candle is still dangerous then
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Post by walnut on Aug 28, 2017 13:28:28 GMT -5
Out at 16.78 for that scalp. Seems like headed lower of course
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Post by theMist on Aug 28, 2017 13:33:56 GMT -5
Out at 16.78 for that scalp. Seems like headed lower of course I think its a smart move that red hollow candle is strong and dangerous still I don't know if VXX will make it down to 47.20 range because of that candle also, look at VXX 15 min indicators -- they're bearish and VXX can't get below 47.40
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Post by walnut on Aug 28, 2017 13:36:40 GMT -5
Out at 16.78 for that scalp. Seems like headed lower of course I think its a smart move that red hollow candle is strong and dangerous still I don't know if VXX will make it down to 47.20 range because of that candle also, look at VXX 15 min indicators -- they're bearish and VXX can't get below 47.40 I know the long pause and your comment kinda influenced me to get out. There's not supposed to be long pauses haha
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Post by theMist on Aug 28, 2017 13:40:47 GMT -5
VXX Under 47.05 good Above 47.05 can be dangerous
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Post by walnut on Aug 28, 2017 13:44:15 GMT -5
Yeah not confident with VXX yet
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Post by theMist on Aug 28, 2017 13:45:30 GMT -5
Out at VXX 47.47
I might look to long scalp it now -- that candle proving to be dangerous and I didn't expect a 2nd one outside lower BBs
the last red hollow candle was made at 46.32 and the next day VXX got down to 46.56 and could not break below that candle then it spiked all the way to 54.92
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Post by walnut on Aug 28, 2017 13:48:37 GMT -5
The game is rigged !!!
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Post by walnut on Aug 28, 2017 13:49:56 GMT -5
When my stochastic curls back I have to be out, I didn't do anything wrong....
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Post by theMist on Aug 28, 2017 13:50:49 GMT -5
I don't care if VXX gets to 47.10, unless it breaks below that candle (take out 47.05) it is dangerous
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Post by theMist on Aug 28, 2017 14:10:35 GMT -5
I know LV is not going to like this but
nibbling at long VXX
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Post by walnut on Aug 28, 2017 14:15:49 GMT -5
I know LV is not going to like this but nibbling at long VXX I agree that is not crazy to do
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Post by walnut on Aug 28, 2017 14:17:33 GMT -5
I think its gonna bounce around this level though
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Post by theMist on Aug 28, 2017 14:20:22 GMT -5
I think its gonna bounce around this level though VXX 47.05 is my line in the sand
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Post by theMist on Aug 28, 2017 14:22:21 GMT -5
S&P Daily chart still in descending channel -- gap down tomorrow and will look like S&P wants to fill that gap just below price action
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Post by walnut on Aug 28, 2017 14:28:03 GMT -5
VXX still quite a bit above long term support no matter how you draw it. Does not mean that it's going below 47.05 of course
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Post by walnut on Aug 28, 2017 14:32:32 GMT -5
vxx indicators still falling on hourly and daily, and contango slowly improving.
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