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Post by Herceg on Aug 29, 2017 8:48:02 GMT -5
Our mkt. is resilient.........................does not seem to give a damn about what is going on elsewhere...............
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Post by clinton on Aug 29, 2017 8:49:25 GMT -5
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Post by jacksrbtr on Aug 29, 2017 8:54:56 GMT -5
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Post by walnut on Aug 29, 2017 8:58:24 GMT -5
Back to business as usual I guess...
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Post by huh on Aug 29, 2017 9:02:25 GMT -5
S&P filled its downside gap and ES already quite a bit above the overnight highs.
NDX didn't reach its gap, and although XLF filled its gap, it's still trading below it. Could still see some downside after this pop is over.
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Post by theMist on Aug 29, 2017 9:02:29 GMT -5
Man these markets are whipsawing all over the place lately
Sold SOXS earlier and took profits
still holding 8k VXX
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Post by clinton on Aug 29, 2017 9:06:44 GMT -5
dollar down, gold up and of course GORO drops red. Man Im sick of this shit. |
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Post by huh on Aug 29, 2017 9:07:12 GMT -5
S&P filled its downside gap and ES already quite a bit above the overnight highs. NDX didn't reach its gap, and although XLF filled its gap, it's still trading below it. Could still see some downside after this pop is over. Oh, scratch that. I see that VXX is only filling an upside gap. Market could easily continue to the upside now.  |
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Post by theMist on Aug 29, 2017 9:08:52 GMT -5
S&P filled its downside gap and ES already quite a bit above the overnight highs. NDX didn't reach its gap, and although XLF filled its gap, it's still trading below it. Could still see some downside after this pop is over. this snap back move in S&P can be a backtest of breakout lower Double top valley low is SP 2436.19 and we reached up to back test it (hit 2436.58) now selling has to kick in with markets taking leg lower S&P put in red hollow candle on hourly but this should get covered IMO so S&P could retest lod we'll see... |
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Post by theMist on Aug 29, 2017 9:10:15 GMT -5
S&P filled its downside gap and ES already quite a bit above the overnight highs. NDX didn't reach its gap, and although XLF filled its gap, it's still trading below it. Could still see some downside after this pop is over. Oh, scratch that. I see that VXX is only filling an upside gap. Market could easily continue to the upside now. that's the gap I posted about to 50.92; if S&P starts selling again, VXX can revisit it we'll see if was just a quick gap fill and drop back down or if Bears will have more legs |
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Post by clinton on Aug 29, 2017 9:12:24 GMT -5
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Post by walnut on Aug 29, 2017 9:13:26 GMT -5
ES looks pretty bullish ATM to me
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Post by huh on Aug 29, 2017 9:13:57 GMT -5
This is strange. On NDX's 30 minute chart, it shows that it filled its downside gap. But on its daily chart it shows that the gap wasn't filled. I think even FSCharts is having trouble keeping up with this whipsaw action. The NDX downside gap was filled - So all downside gaps were filled.  |
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Post by lasvegas77 on Aug 29, 2017 9:15:58 GMT -5
Pretty good chance that the scary news helped make a bottom by shaking out the last sellers. Often times the big drops in the market over night are bought immediately on the open on the cash markets.
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Post by huh on Aug 29, 2017 9:18:52 GMT -5
Now that those gaps were filled, the next direction should be very telling for the rest of the week. So watching those previously mentioned supports, NDX 5780 & SPX 2426. Only a hold under there and bulls need be concerned, otherwise those upside gaps should now get filled, NDX 5917.42 & SPX 2468.11
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Post by Herceg on Aug 29, 2017 9:29:42 GMT -5
S&P filled its downside gap and ES already quite a bit above the overnight highs. NDX didn't reach its gap, and although XLF filled its gap, it's still trading below it. Could still see some downside after this pop is over. Oh, scratch that. I see that VXX is only filling an upside gap. Market could easily continue to the upside now. What else would would we expect, it is the U.S. mkt..................LOL |
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Post by lasvegas77 on Aug 29, 2017 9:32:39 GMT -5
This is more like it. If the market is kind, i might be able to catch up on some sleep. I think i got one or two hours max last night as i was watching the fear up 20%!
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Post by walnut on Aug 29, 2017 9:37:13 GMT -5
Seems like market might pull back just a little here, just timing
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Post by walnut on Aug 29, 2017 9:38:25 GMT -5
Seems like nothing will trigger any significant correction for the time being.
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Post by theMist on Aug 29, 2017 9:39:09 GMT -5
This is more like it. If the market is kind, i might be able to catch up on some sleep. I think i got one or two hours max last night as i was watching the fear up 20%! Market is definitely very forgiving to Bulls / volatility shorts I took half off table Definitely not the big one yet |
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