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Post by theMist on Oct 23, 2018 18:55:41 GMT -5
Jim's video
A bit of a surprise drop today, but we were near resistance and while I think we WILL break out over the last descending trend,
the timing is a bit unknown. I will say this... this breakout needs to happen soon or we risk putting our 3055 target at risk of failure.
So, we still need to just keep watching and keeping the overall picture in mind. That means looking at the long range chart as much
as we look at the intermediate and short term charts...
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Post by theMist on Oct 23, 2018 19:11:45 GMT -5
S&P Monthly chart I don't like that its possible that next month indicators go bearish It's almost like the S&P is predicting a democratic win in the mid terms early to call we'll see...  |
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Post by theMist on Oct 23, 2018 19:16:54 GMT -5
S&P Daily Chart this is speculation at this point but have to watch for possible topping pattern that could be in the process something like shown below but is way to early to call S&P is also below its 200dsma which is considered bearish and needs to get back above it  picture url |
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Post by theMist on Oct 23, 2018 19:19:44 GMT -5
S&P Weekly Chart Indicators are bearish and can take a few more weeks to resolve and we'll see what the Nov midterm elections will bring S&P is still in that large green rising channel off the 2009 lows any breach of that channel will not be good  |
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Post by theMist on Oct 23, 2018 19:21:50 GMT -5
VXX Daily Chart Solid filled green candle usually indicates a top VXX might finally drop and rollover similar to circled area  |
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Post by theMist on Oct 24, 2018 8:32:25 GMT -5
shorting tvix at the open
VXX 35.76 currently
expecting VXX 34.48ish at some point today
we'll see...
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Post by walnut on Oct 24, 2018 9:51:14 GMT -5
Maybe VXX is running out of gas
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Post by theMist on Oct 24, 2018 10:38:21 GMT -5
These bear mornings have been relentless
Was thinking VXX 36.50ish for hod before a rollover
tack on another dollar to that hod...unreal
We'll see if the Bull shows up again in the afternoon...
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Post by clinton on Oct 24, 2018 14:52:29 GMT -5
MMFI  |
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Post by clinton on Oct 24, 2018 15:08:01 GMT -5
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Post by clinton on Oct 24, 2018 15:10:22 GMT -5
Brought my wife home from the hospital today. I'll be playing nurse for the next month again.
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Post by walnut on Oct 24, 2018 15:48:05 GMT -5
Brought my wife home from the hospital today. I'll be playing nurse for the next month again. How is she doing? |
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Post by birthmark on Oct 24, 2018 15:56:11 GMT -5
A speedy recovery to her Clint.
All the best.
Hope all are well.
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Post by clinton on Oct 24, 2018 16:21:11 GMT -5
Brought my wife home from the hospital today. I'll be playing nurse for the next month again. How is she doing? surgery went well, but she looks like she went face first through a windshield, its got to be tough on her mentally. |
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Post by theMist on Oct 24, 2018 16:39:56 GMT -5
Wish her a speedy recovery Clinton
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Post by theMist on Oct 24, 2018 16:42:11 GMT -5
S&P Monthly Chart Walnut and I were going back and forth and knew weekly indicators were already bearish but now it appears that monthly is now bearish unless we get a miracle by end of this month If Dems win the midterms and Fed stays its course along with Trump, this could be beginning of a Bear market Housing is already starting to get deflated and honestly it needs to BTW- S&P dropped like 60 something points in final hour -- a real nasty move  |
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