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Post by walnut on Nov 9, 2017 15:17:47 GMT -5
talk to you guys later gotta run Before I leave - that's looking like a small H&S on VXX 15 min chart alright later Yeah it does nice observation
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Post by theMist on Nov 9, 2017 15:49:10 GMT -5
Just got back
Just saw Trump's tweet 'TVIX TIMBERRRR!!!' roflmao
Trumpy also said that we are smoking crack to think TVIX will hold its gains more than 1/2 a day while HE's in charge lol
VIX SCAM new LOD coming up - unbelievable, another speed bump
left on 21k short TVIX 8.66ish before I left - snuck it in lol but still down a little on the day
Close was a great close and VXX put in large solid green filled candle - SCAMs should gap down tomorrow and retest all time low and possibly break thru it for real this time
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Post by theMist on Nov 9, 2017 16:02:52 GMT -5
Wait until Trump gets back to the states
Twitter increased its character limit lol
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Post by theMist on Nov 9, 2017 16:13:42 GMT -5
Where's LV?! Somebody stop him from jumping out of his basement window lol VXX came within 21 cents of hitting UPPER BB
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Post by walnut on Nov 9, 2017 16:47:16 GMT -5
I thought it might close higher so sue me haha
That little h&s pattern has worked to finish the day, but wonder what is happening in the morning.
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Post by lasvegas77 on Nov 9, 2017 17:45:42 GMT -5
Where's LV?! Somebody stop him from jumping out of his basement window lol VXX came within 21 cents of hitting UPPER BB Haha. I went to bed Mist. I see that i was right to get out for 10 minutes. It went up a few percent and then of course closed a lot lower. I'm not sure if i will take a break now. I'm up very good for the year and today was a reminder of how bad it can get.
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Post by lasvegas77 on Nov 9, 2017 18:39:50 GMT -5
Just got back Just saw Trump's tweet 'TVIX TIMBERRRR!!!' roflmao Trumpy also said that we are smoking crack to think TVIX will hold its gains more than 1/2 a day while HE's in charge lol VIX SCAM new LOD coming up - unbelievable, another speed bump left on 21k short TVIX 8.66ish before I left - snuck it in lol but still down a little on the day Close was a great close and VXX put in large solid green filled candle - SCAMs should gap down tomorrow and retest all time low and possibly break thru it for real this time are you holding overnight?
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Post by theMist on Nov 9, 2017 18:52:25 GMT -5
probably will hold overnight BUT I do believe tomorrow will get another chance at shorting TVIX at least at 8.38, if you can get shares
The hard to borrow issues are causing me to hold more - that's why I had to go to VXX earlier
Anyway, I gave back some profits today - nice move to TVIX 8 would undo damage today and then some holding little over 21k short TVIX
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Post by theMist on Nov 9, 2017 18:56:38 GMT -5
BTW - a common pattern after a pullback is for S&P to form a slightly slanted iH&S patttern - you can see it at right side of chart below if this one confirms, will take S&P to new all time highs again If that iH&S on S&P futures confirms, it will take S&P over SP2600
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Post by lasvegas77 on Nov 9, 2017 18:56:50 GMT -5
Im surprised you are holding overnight when the market is acting so wild. But good luck.
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Post by theMist on Nov 9, 2017 18:58:18 GMT -5
Im surprised you are holding overnight when the market is acting so wild. But good luck. I think Washington is now behind us for awhile - and I read somewhere that 'contango was most important'
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Post by theMist on Nov 9, 2017 19:07:32 GMT -5
Jim's video IMO - stick a fork in the rising wedge and I believe the S&P is now in a less steep wider channel now as Jim does mention as a possibility I see S&P over SP2600 now with this move back up - absent any Washington drama which I do believe is behind us for awhile Potential iH&S pattern forming on S&P Futures - Jim doesn't chart futures - posted chart of it above contango back over 10% as well
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Post by theMist on Nov 9, 2017 19:22:45 GMT -5
S&P 4 HR chart You can see the rejection of rising wedge break and looks to be in channel
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Post by theMist on Nov 9, 2017 19:26:56 GMT -5
VXX Daily chart That VXX close was very bearish. Solid filled green candle that just came short of UPPER BB VXX should follow thru to downside and retest all time low in short term - hoping tomorrow Back below 20dsma and should get below 10dsma 10dsma never even curled up - still pointing down FWIW
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Post by theMist on Nov 9, 2017 20:32:48 GMT -5
S&P 15 min futures Here is close up of the iH&S on futures - needs confirm over neckline pattern has occurred quite a number of times after a drop iH&S measures around SP2604 you guys will be shorting TVIX under 8 tomorrow lol
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Post by lasvegas77 on Nov 9, 2017 23:01:44 GMT -5
Not if John Mcain can help it. He sees tvix back to 10.
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Post by theMist on Nov 10, 2017 6:37:31 GMT -5
lol LV
That's what I get for jumping the gun and breaking my rule about holding overnight - Futures made it slightly over the neckline and dropped hard - unbelievable obviously wasn't worth it to hold overnight
Sucks!
Now I need a LV bounce
BTW - just an observation regarding yesterday, DOW was down 250 at lows and TVIX was only up roughtly a dollar at highs As I type S&P futures down 10ish and TVIX only up 30 cents - not bad - should close morning gap up at some point I'd be shorting it in premarket right now as I type -- TVIX 8.73
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