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Post by theMist on Nov 12, 2018 21:07:46 GMT -5
Jim's video
The weakness today really comes as no big surprise since we knew we were breaking down from a small rising wedge and we had identified a likely line of resistance
that today was more fully confirmed. Now we look for support and a likely trip back to the purple neck line around the 2820 level. While there is NO guarantee that this
WILL be an inverted head and shoulders pattern, we have seen enough of the these to be on the lookout for one. So, let's see where we find support and IF we head back
for the neck line to try to get over that level...
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Post by theMist on Nov 13, 2018 8:03:42 GMT -5
VXX only down 60 cents in premarket with S&P futures up 16 -- not good
and 3% backwardation
Tells me VIX SCAMs should be going green
would wait for them to go green if taking stab at it
VXX could even hit 38 today
GL if you decide to trade today lol
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Post by walnut on Nov 13, 2018 8:17:45 GMT -5
The market needs to calm down today or both SP daily and VXX daily stochastics will launch. its in a bad place
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Post by huh on Nov 13, 2018 9:05:03 GMT -5
VXX only down 60 cents in premarket with S&P futures up 16 -- not good and 3% backwardation Tells me VIX SCAMs should be going green would wait for them to go green if taking stab at it VXX could even hit 38 today GL if you decide to trade today lol You mean this 38 in VXX? (I think it was Walnut that mentioned this potential H&S in VXX yesterday)  |
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Post by walnut on Nov 13, 2018 9:24:28 GMT -5
All the overnight gains given up, again
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Post by theMist on Nov 13, 2018 11:03:08 GMT -5
SP Hourly looking better
2719 could be it for this pullback
shorted TVIX, UVXY while VXX was in 36.30 range
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Post by theMist on Nov 13, 2018 11:06:33 GMT -5
S&P Hourly ChartHit 2719 and starting to turn around 
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Post by walnut on Nov 13, 2018 12:13:52 GMT -5
VXX hourly indicators. I have to say that hourly TSV seems to be saying that the correction is not over. Daily stoch and 4 hr stoch look unfinished also. Other indicators look a little better. I'm not ready to sell more yet.  |
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Post by walnut on Nov 13, 2018 12:31:30 GMT -5
That VXX H&S / SP inverted H&S is all we have working for us.
I'm not sure that in big volatility events my indicators are foolproof.
So hoping the H&S pattern fulfills itself.
(Just to be on the record)
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Post by walnut on Nov 13, 2018 12:38:23 GMT -5
wow really still don't like how vxx is trading
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Post by theMist on Nov 13, 2018 12:43:45 GMT -5
SP might be bear flagging
have to be cautious still
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Post by theMist on Nov 13, 2018 12:58:36 GMT -5
wow really still don't like how vxx is trading <iframe width="41.51999999999998" height="2.9200000000000017" style="position: absolute; width: 41.52px; height: 2.92px; z-index: -9999; border-style: none; left: 14px; top: -5px;" id="MoatPxIOPT1_8407333" scrolling="no"></iframe> <iframe width="41.51999999999998" height="2.9200000000000017" style="position: absolute; width: 41.52px; height: 2.92px; z-index: -9999; border-style: none; left: 1998px; top: -5px;" id="MoatPxIOPT1_54188650" scrolling="no"></iframe> <iframe width="41.51999999999998" height="2.9200000000000017" style="position: absolute; width: 41.52px; height: 2.92px; z-index: -9999; border-style: none; left: 14px; top: 87px;" id="MoatPxIOPT1_9519677" scrolling="no"></iframe> <iframe width="41.51999999999998" height="2.9200000000000017" style="position: absolute; width: 41.52px; height: 2.92px; z-index: -9999; border-style: none; left: 1998px; top: 87px;" id="MoatPxIOPT1_88422748" scrolling="no"></iframe> action still blows |
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Post by lasvegas77 on Nov 13, 2018 15:24:51 GMT -5
government shutdown on december 7th is very likely. Expecting more major spikes on the volatility ahead especially with backwardization being as strong and trending like it has.
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Post by dino on Nov 13, 2018 15:56:25 GMT -5
feels like this market has no idea what it wants to do. lol
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Post by huh on Nov 13, 2018 16:07:22 GMT -5
IWM closed right on the potential shoulder line, to the penny. I'll be watching this one tomorrow for possible direction of the indices as they have yet to hit their shoulder lines, though they are close.  Also, S&P futures:  |
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