Tuesday 12/18

[theMist]

Jim's video

We leave the S&P 500 chart in a really precarious situation that is either a blessing OR a curse depending upon what happens in the next day
or so.  Essentially, we closed right ON the long term blue line of support that has been working for over 9 years.  Now, it is sort of impossible
to get this line PERFECT for where we are today because we do not have a recent touch that helps us with the precision.  For that reason, I am
going to use 2500 as the critical level that we need to stay above.  Also, it looks like we may be in another descending broadening pattern that
internally has some signs of a very short term

[theMist]

VXX Daily Chart

I believe VXX will top out tomorrow around that gap fill at 44.17 (give or take few cents lol)
and just in time for the new contract tomorrow after today's expiry

we'll see...and scams have been dangerous so do have to be careful
but I believe S&P is forming a short term bottom possibly -- one more drop to SP2350 range and might get bounce
regardless...have to be careful in this market and selling the tips is the way to go

[theMist]

BTW - ES Bear flag measures low 2500