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Post by theMist on Dec 27, 2018 17:54:02 GMT -5
Jim's video
Today's video takes a look at a potential BULLISH pattern that could be the thing that propels us up to a solid back test broken support
around 2560 and possibly even a little higher. There are a lot of small details in the chart to consider today, so be sure to study the chart
as we get into this. Suffice it to say that I think those who did NOT panic earlier in the week and chose a more PATIENT path look to be
rewarded for their cool-headed approach going forward. Let's continue to have cool heads...
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Post by huh on Dec 28, 2018 8:23:57 GMT -5
Well, it only took 2 years but JCP downside target of .95 hit yesterday (from $10.84). Been waiting for this set-up for a while: Short JCP anything ~10.84, long term downside target ~.95 (remember though, everything bounces hard ~2 on the way down)  |
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Post by clinton on Dec 28, 2018 9:56:44 GMT -5
added to GE puts
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Post by clinton on Dec 28, 2018 9:57:49 GMT -5
spy is going to flush today
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Post by clinton on Dec 28, 2018 10:18:43 GMT -5
MSFT AAPL FB red today hmmmmmmmmmm
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Post by theMist on Dec 28, 2018 10:48:10 GMT -5
Just watch out for 2:15pm EST
That's when markets rocketed yesterday
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Post by walnut on Dec 28, 2018 11:31:52 GMT -5
All those bad indicators launched, I don't think this trouble ends quickly. This is just a stochastic bounce/pause, could last a few days.
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Post by walnut on Dec 28, 2018 11:36:35 GMT -5
VXX over $50 should be kinda tempting, but look at this contango curve. It is perfectly healthy for VXX bulls, really ridiculous. Even if the market is steady, VXX will go higher due to the reverse decay/ roll yield.  |
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Post by walnut on Dec 28, 2018 12:19:10 GMT -5
This year, with the volatility in February, then this drop, still does resemble 2015-2016. So far, just sayin  |
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Post by theMist on Dec 28, 2018 13:28:50 GMT -5
Maybe the Pension Funds shot their load already lol
In ALL seriousness, that's consolidation just under S&P resistance
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Post by theMist on Dec 28, 2018 14:13:56 GMT -5
That's an iH&S breakout Measures S&P mid 2600 range S&P 15min  |
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Post by walnut on Dec 28, 2018 16:07:35 GMT -5
I was kinda rooting for the market today, kind of a shame that it couldn't sustain a rally. I think Fridays have been tough.
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Post by theMist on Dec 28, 2018 16:24:23 GMT -5
Vicious backtest in final hour
Have a good weekend everyone!
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Post by Nancy Pelosi on Dec 28, 2018 17:15:31 GMT -5
I was kinda rooting for the market today, kind of a shame that it couldn't sustain a rally. I think Fridays have been tough. Fridays opex and the bots want guessing for the Mon. opening.  |
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Post by jacksrbtr on Dec 28, 2018 17:55:08 GMT -5
What’s the current policy on sockpuppets here? Does it matter?
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