Friday 4/13

[theMist]

S&P Hourly Chart

Today's gap up is a breakout of iH&S pattern that measures SP2800ish

Volatility should continue to drop with vix futures improving and reverting back to contango

[walnut]

Contango almost back!

[theMist]

I'm hoping things return to normal as well

As for S&P, it gapped up and pulled back underneath that neckline and needs to get back above it so technically not confirmed pattern in play

Syria strike by Trump also presents a wild card

we'll see...

[theMist]

VXX Daily chart

VXX put in a lower high to 53.82 with that last surge down in S&P 
S&P also put in a higher low with that second retest of Sp 2530 area

I don't think VXX will get back above 53.82 unless there is total catastrophe in the markets
and believe there is a good chance that scams either drop hard from here here or stay in this range for little longer
before dropping -- I don't think VXX 53.82 gets breached

still no trades

time will tell...

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[theMist]

VIX Scams dropped nicely these past 2 days

Don't like that S&P gapped up with a breakout and then dropped back under neckline

Really needs to make a move and if not can curl back down

we'll see what Monday brings

Before I go -- S&P 2 day chart
Hoping iH&S pattern plays out and if not double bottom could also be in play
Double bottom measures new all time highs

Both need confirmation still (For SP double bottom - close above Sp2801.90)

Have a good weekend all

[novie08]

Thanks for keeping things alive here. Jack tells me he is quite ill with a virus that won't go away...
And FWIW, Ackerman thinks we may be rangebound for 6-9 months. I'm more inclined to agree with Mist, but you know my long history of being wrong. GL to whoever's left here! Haven't bought a thing lately.