|
Post by theMist on Oct 23, 2018 6:25:11 GMT -5
Jim's video
Nothing really changes today but we do see that the descending line of resistance is still there and that bulls still need to rally their forces to get up and over this line. We are still not more than 1% under the extended neck line of our large consolidation pattern, so I think that pattern could still be working. However, it is possible that we could be setting up some kind of reversal that has 2820'ish as resistance. This level should be watched as well as the trend line.
|
|
|
Post by theMist on Oct 23, 2018 6:34:08 GMT -5
S&P Hourly ChartWas thinking yesterday 36.03 would be the high of 2nd hump but apparently not the case. The somewhat good news is that this gap up should produce a false break to the upside for this VXX triangle and eventually the real break will happen to the downside. Just a question of when. I will be shorting some tvix with this gap up But Best not to play cowboy until after the elections
|
|
|
Post by theMist on Oct 23, 2018 7:07:10 GMT -5
Shorting some TVIX in premarket
Thinking VXX should at least revisit 35 level today at least
GL ALL if you are trading today
VXX 37 in premarket
|
|
|
Post by theMist on Oct 23, 2018 11:39:10 GMT -5
VXX Daily Chart At some point should backtest that 200 ema (currently 35.43) fingers crossed for this afternoon
|
|
|
Post by theMist on Oct 23, 2018 11:40:34 GMT -5
S&P Daily Chart Markets oversold in short term and that is one serious gap down and flush out Have to see how day closes
|
|
|
Post by theMist on Oct 23, 2018 11:41:41 GMT -5
no shares of tvix, uvxy to short at fidelity
Usually means a nice drop is coming and volatility shorts salivating over this move
|
|
|
Post by theMist on Oct 23, 2018 13:28:00 GMT -5
S&P Daily ChartS&P green close would be a huge green hammer candle Could happen with this gap down flush out today
|
|
|
Post by theMist on Oct 23, 2018 13:59:45 GMT -5
What a market comeback !!
|
|
|
Post by dino on Oct 23, 2018 14:26:48 GMT -5
What a market comeback !! You ain't kidding. Great call on the pm tvix short. VXX 200 day sma = 35.42 SPX trying to close back inside that big weekly channel (2750 ish). SPX 200 day sma = 2768. Bulls could get some legs if VXX stays below it's 200 day sma and SPX stays in the channel and above it's 200 day sma. If not, we'll have more pain coming imo.
|
|