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Post by theMist on Aug 30, 2017 11:40:44 GMT -5
Not liking the way VXX isn't dropping with S&P rising
If VXX doesn't get below 47.05, could be another nasty spike coming soon
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Post by theMist on Aug 30, 2017 11:42:03 GMT -5
President about to speak on tax reform -- I wonder if it will be a sell the news event OR markets will not be happy with proposal
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Post by walnut on Aug 30, 2017 11:49:38 GMT -5
indicators saying time to sell tvix soon, but I hate to do it before Trump speaks
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Post by theMist on Aug 30, 2017 11:52:37 GMT -5
S&P Daily Chart This is the potential (keyword 'potential') H&S topping pattern that could be forming it is still early to call And gap at SP 2465-2466 can be filled and pattern would still hold valid
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Post by lasvegas77 on Aug 30, 2017 12:25:06 GMT -5
Expecting a vix plunge Friday guys. First day of the month and job numbers coming out with a three day weekend. All very good for shorting this trash.
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Post by lasvegas77 on Aug 30, 2017 12:27:17 GMT -5
Ipath, did you hold throughout the volatility yesterday?
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Post by theMist on Aug 30, 2017 12:29:18 GMT -5
You guys are playing with serious fire if keep holding heavy short VIX SCAM overnight for next 2 months IMO
I'll post a chart of something I've been texting Walnut on
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Post by theMist on Aug 30, 2017 12:30:14 GMT -5
VXX Daily chart tell me what you see happening for the first time since December 2015?
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Post by lasvegas77 on Aug 30, 2017 12:30:34 GMT -5
You guys are playing with serious fire if keep holding heavy short VIX SCAM overnight for next 2 months IMO I'll post a chart of something I've been texting Walnut on I'm not going to hold overnight for two months.
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Post by ipath on Aug 30, 2017 12:30:38 GMT -5
Ipath, did you hold throughout the volatility yesterday? I did and still am, but really hate this counter trending.. I will take some off the table today. How about you?
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Post by lasvegas77 on Aug 30, 2017 12:31:50 GMT -5
Ipath, did you hold throughout the volatility yesterday? I did and still am, but really hate this counter trending.. I will take some off the table today. How about you? Planning to hold for a few more days.
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Post by lasvegas77 on Aug 30, 2017 12:34:08 GMT -5
Once the debt ceiling is raised, the contango might go back to normal further out but im only speculating right now.
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Post by ipath on Aug 30, 2017 12:34:57 GMT -5
Thanks mist, can't see it perfectly on the phone but looks scary, it has to happen soon or later but probably sooner than we think
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Post by theMist on Aug 30, 2017 12:38:35 GMT -5
VXX Daily chart has bullish alignment of moving avgs 10,20,50 for the first time since December 2015
About a week or two after bullish alignment of moving averages on VXX back in December 2015, VXX more than doubled
Just issuing words of caution that's all
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Post by theMist on Aug 30, 2017 12:41:10 GMT -5
VXX is hitting rising support with move to 47.30
46.32, 47.05, 47.30 rising support
If VXX can get below that support and below 47.05, 46.32 then all is clear BUT if unable to get below first red hollow candle 47.05 then still dangerous IMO
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Post by ipath on Aug 30, 2017 12:51:41 GMT -5
VXX Daily chart has bullish alignment of moving avgs 10,20,50 for the first time since December 2015 About a week or two after bullish alignment of moving averages on VXX back in December 2015, VXX more than doubled Just issuing words of caution that's all That's definitely a huge red flag, thanks for watching out for your fellow shorters mist. I will look at it again from my laptop later
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Post by theMist on Aug 30, 2017 12:51:56 GMT -5
Trump speech coming up re tax reform
waiting for SP2466 gap fill
May start nibbling long VXX now line in sand once again VXX 47.05
VXX 51.01 may have been warning shot across the bow
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Post by ipath on Aug 30, 2017 12:58:55 GMT -5
This counter trend reminds me of days leading up to French elections. Scams dropped right after very hard. So what will make it drop here, Chubby coming out and saying I was just kidding I wont try to nuke Guam
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Post by walnut on Aug 30, 2017 13:01:44 GMT -5
VXX counter trending because of the recent sharp ES rise but it might be something more serious.
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Post by theMist on Aug 30, 2017 13:01:50 GMT -5
nibbling very small on VXX
mental stop 47.05
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