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Post by novie08 on Jan 19, 2017 14:20:00 GMT -5
As always, could be WRONG, but I can see the scenario of a big drop today/tomorrow to send the sheeple a message: Here's what you get for voting against us, lol!
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Post by theMist on Jan 19, 2017 14:20:47 GMT -5
Thx for that video Novie - it really made me take a close look at FINS. Please send more when you receive vids.
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Post by theMist on Jan 19, 2017 14:29:38 GMT -5
Have to watch for bounce and backtest of support line. S&P green bottoming candle outside of lower BBs. But still early. Needs confirmation. Watching...waiting. Remember SCAMs drop when S&P hits support and bounces. They're a wild ride unlike shorting SPY, FAS. Also, my blue line is skewed because of switching timeframes.
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Post by theMist on Jan 19, 2017 14:32:48 GMT -5
S&P updated. Still waiting on next candle to complete. I expect S&P to continue to sell...but need confirmation.
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Post by theMist on Jan 19, 2017 14:52:55 GMT -5
Where is everybody? I know Novie is here. Is Walnut shorting FAS? lol
contango dropping - under 9%
Walnut - what does your ticker say for daily rate?
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Post by walnut on Jan 19, 2017 15:05:11 GMT -5
I'm not next to my computer right now but I know that contango has dropped to 8 something
I am trying to hold off, not sure how far this move is going
Wondering if this move down will continue through inauguration. Wondering what opportunities after that
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Post by theMist on Jan 19, 2017 15:05:26 GMT -5
YEP - S&P is rolling back over. That's what I wanted to see BUT STILL HAVE TO BE CAREFUL. Need more selling going into the close and overnight and nice GAP DOWN tomorrow would be nice...we'll see. Hoping this doesn't turn out to be another headfake with markets holding steady or gapping up tomorrow.
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Post by walnut on Jan 19, 2017 15:09:21 GMT -5
Hope it turns into a bigger gap-filling move for VXX
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Post by theMist on Jan 19, 2017 15:11:10 GMT -5
Reminder - Tomorrow is OPEX also
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Post by theMist on Jan 19, 2017 15:20:14 GMT -5
S&P backtesting the Break...have to see how this plays out still
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Post by jacksrbtr on Jan 19, 2017 15:26:33 GMT -5
Where is everybody? I know Novie is here. Is Walnut shorting FAS? lol contango dropping - under 9% Walnut - what does your ticker say for daily rate? I'm drawing a picture for my 8yr old grandson. He's going to be a professional footballer (soccer). He's got a big head.
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Post by theMist on Jan 19, 2017 15:26:38 GMT -5
I'm not next to my computer right now but I know that contango has dropped to 8 something I am trying to hold off, not sure how far this move is going Wondering if this move down will continue through inauguration. Wondering what opportunities after that I don't blame you - especially after the last headfake
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Post by theMist on Jan 19, 2017 15:34:05 GMT -5
That's one big smiling kid there Jack!
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Post by theMist on Jan 19, 2017 15:36:04 GMT -5
Large sell Imbalance going into close. Didn't get the exact numbers. Heard on CNBC. That info comes out around 2pm EST. We really need to get access to that info. CNBC usually announces it around 3:30-3:45pmEST which is really late. lol
Watching Trump on TV laying wreath at Arlington. Playing Taps.
talk to you guys later -
And S&P closing right at support. lol to be continued tomorrow
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Post by birthmark on Jan 19, 2017 16:06:01 GMT -5
Added to UVXY today at 29.85 250 shares.
Waiting...
GL
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Post by walnut on Jan 19, 2017 16:29:19 GMT -5
More down to come hopefully
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Post by jacksrbtr on Jan 19, 2017 16:31:19 GMT -5
That's one big smiling kid there Jack! Here's Day 2 of the work in progress. The drawing will contain my grandson's fav footballer, Harry Kane, in action who plays forward for the Premier League Club Tottenham Hotspur. And my grandson in full uniform. Its gonna be great.
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Post by walnut on Jan 19, 2017 16:49:43 GMT -5
What a great awesome grand dad you are! your not a great granddad yet
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Post by theMist on Jan 19, 2017 19:44:16 GMT -5
S&P - Ended the day exactly at backtest of that rising support. Look at S&P Daily also. Look at circle area of inddicators. ADX (yellow line) is dropping hard indicating big move coming soon. BBs also squeezing together on price action indicating big moving coming. Need to see those DI lines cross over bearish (red on top of green). MACD and MACD Histogram already Bearish. S&P Hourly close up S&P Hourly
S&P Daily
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Post by theMist on Jan 19, 2017 20:03:49 GMT -5
Need to see S&P futures rollover after throwing back over that rising support line. Need to see nice gap down tomorrow with some hard selling. S&P Futures currently up 2.75 as I type. We'll see...its still early
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