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Post by theMist on Oct 29, 2018 21:03:45 GMT -5
Jim's video
Today we ran right up to the top resistance line in the red descending broadening pattern and from there... it was straight downhill,
though we stopped short of hitting the lower support line and we did manage to close inside the possible descending wedge. One word of caution on that
wedge... it really only shows up on a 15 minute chart. If you use a 1 hour chart or longer time frame candle, the descending wedge look more and more
like a drop off a cliff. Just wanted to point that out since it does perhaps lessen the dependability of the pattern
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Post by clinton on Oct 30, 2018 8:50:07 GMT -5
Bear market pops get sold
this pop will get sold
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Post by theMist on Oct 30, 2018 10:50:56 GMT -5
VXX 15 min chartVXX takes out 39.59 lod with solid move -- then should get down to upper 38 (39ish) the H&S is possible rs of larger slanted H&S that measures 37s - it's possible but safe bet would be to cover around lower BBs (39ish) VXX 39.60 currently 
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Post by theMist on Oct 30, 2018 12:04:00 GMT -5
Today's Bull move feels like just a pause in this pullback
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Post by walnut on Oct 30, 2018 13:32:47 GMT -5
Tough day to be day trading VXX back and forth all day.
VIX is almost 25 you have to be crazy to be trading VXX anyway LOL
Just kidding hang in there Mist I guess you are up right now
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Post by clinton on Oct 30, 2018 14:46:21 GMT -5
never fails when I have puts up 100% if i dont sell they go back to zero, if I do sell they go to 500%
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Post by theMist on Oct 30, 2018 14:49:31 GMT -5
never fails when I have puts up 100% if i dont sell they go back to zero, if I do sell they go to 500% I know the feeling Clinton I covered my VIX SCAM short when VXX dipped back under 40 only to reshort when VXX was at 39.40ish lol I just needed to hold out a little longer into final hour lmao |
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Post by theMist on Oct 30, 2018 14:50:48 GMT -5
VXX 15min Chart Could get a nice drop in VXX going into tomorrow -- holding some overnight BTW -- VXX 37.98 would be pivot for double top in VXX fingers crossed  |
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Post by theMist on Oct 30, 2018 14:52:15 GMT -5
BTW - everyone over at CNBC is mega bearish
They even had Charter Worth pulling out the SP 2300 doom charts lol
That should have been the queue to go all in with bullish options today lmao
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Post by theMist on Oct 30, 2018 14:56:14 GMT -5
S&P Hourly Chart S&P is right at descending broadening pattern resistance Needs to get over it and break out of this larger descending wedge  greenshot |
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