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Post by theMist on Nov 7, 2018 21:33:57 GMT -5
Jim's video
The markets liked the election results since there really were no surprises. It could also be that the markets see the mixed control of Congress as a sign that trade relations might not be quite as aggressive now going forward and some of the fears of a trade war have been laid to rest. This video looks at a potential bullish pattern that could create a target up around... drum roll please... 3050, provided the chart continues to develop this possible inverted head and shoulders pattern. It is sort of looking that way at this point, but we clearly need completion and confirmation, so hang tight until those things happen.
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Post by theMist on Nov 7, 2018 23:39:16 GMT -5
VXX Daily ChartI believe this drop in VXX will be similar to large circled area place to cover is right at lower BB on daily chart (small circle) then wait for bounce back up to 20dsma (blue line) to reshort we'll see...
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Post by theMist on Nov 8, 2018 8:41:15 GMT -5
I like that the VIX SCAMs are back to their normal programming
Trading very weak this morning with S&P futures down 10
Tells me they have lot further to drop in short term
VXX 32.49 in premarket
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Post by lasvegas77 on Nov 8, 2018 15:37:53 GMT -5
contango is too puny for me to get interested in shorting this anytime this week.
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Post by walnut on Nov 8, 2018 16:10:55 GMT -5
SP daily moving averages
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Post by theMist on Nov 8, 2018 16:14:59 GMT -5
S&P Daily Chart
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Post by theMist on Nov 8, 2018 16:19:28 GMT -5
VXX Daily ChartVXX bounced off 100dsma - just missing circle target area (actually hitting top of it lol) BTW - a VXX green close near hod would have been real bad 31.56 may be it for now, possible VXX squeezes little lower still but the easy money is definitely over At some point, VXX will reach back up to tag the 20dsma (blue line) and backtest it -- that's the best place to reload - just have to be patient
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