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Post by walnut on Jan 30, 2017 12:36:01 GMT -5
VIX index needs to turn down for real. It looks like it is trying to build into something to me.
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Post by novie08 on Jan 30, 2017 12:36:05 GMT -5
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Post by theMist on Jan 30, 2017 12:39:56 GMT -5
It looks like it is trying to build into something to me. Picture the leaning tower of Pisa! Just give it a little push and then.... lol
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Post by theMist on Jan 30, 2017 12:48:29 GMT -5
Seriously, VXX currently trading at 19.90 and has been flat MACD and MACD Histogram just rolled over bearish on 15 min chart. If price action doesn't follow in next half hour, I'm lightening up on the trade. Price action should follow!!! If not then could still go either way going into close. VXX chart
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Post by walnut on Jan 30, 2017 12:57:42 GMT -5
I'm even and I will stay with it a while longer
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Post by theMist on Jan 30, 2017 13:02:27 GMT -5
I'm even and I will stay with it a while longer Same here. As long as S&P stays calm, SCAMs will slowly drift lower. Looking for them to test lod. That would be nice. Still have to be careful regardless. I don't like that they're trading flat and haven't rolled over hard yet. Can still go either way. VXX currently at 19.88 That buy/sell imbalance data would be really helpful. Any luck Walnut?
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Post by theMist on Jan 30, 2017 13:07:44 GMT -5
So far so good though. Just need S&P to remain calm. That's all.
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Post by theMist on Jan 30, 2017 13:11:57 GMT -5
S&P hitting some support in this area and should rise up and backtest that light blue line
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Post by theMist on Jan 30, 2017 13:13:11 GMT -5
Unreal -- CNBC just said white house press briefing coming up in few mins.
Trump rallied these markets and if not careful can crash them as well.
And just on that little news markets pulled back slightly. Seriously.
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Post by walnut on Jan 30, 2017 13:17:53 GMT -5
This press conference could be very tough to get through.
Might be the catalyst to turn things around if we can tough it out.
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Post by theMist on Jan 30, 2017 13:23:43 GMT -5
This press conference could be very tough to get through. Might be the catalyst to turn things around if we can tough it out. It's just not going to stop with Trump. It's going to be everyday. And I'm not one of those chartists that believe you need to completely block out the noise (news) and trust only charts. Really?!?! I've had this argument with other Technicians. For example, Twitters chart looks bearish. If news comes out that they're getting bought then guess what happens to your bearish pattern?!
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Post by theMist on Jan 30, 2017 13:27:00 GMT -5
S&P is bear flagging and SCAMs are bull flagging. Have to be careful. If S&P stays calm and in flag, we're ok. If S&P breaksdown from flag that not good for shorting SCAMs.
I'm really considering lightening up on the trade and can thank Trump press conference for that. I literally have my finger on the button.
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Post by walnut on Jan 30, 2017 13:27:02 GMT -5
VIX has more or less calmed down. If this press conference is not overly unsettling, I think VXX drifts down.
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Post by walnut on Jan 30, 2017 13:28:23 GMT -5
CNN raising hell about travel bans.
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Post by theMist on Jan 30, 2017 13:29:40 GMT -5
VIX has more or less calmed down. If this press conference is not overly unsettling, I think VXX drifts down. I'm still hanging in there. For me, I see VXX 20 as my pivot point for today.
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Post by walnut on Jan 30, 2017 13:30:49 GMT -5
So muslims can't come to Disney land this year. Big deal. They can take their bombs to Paris instead.
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Post by Herceg on Jan 30, 2017 13:30:55 GMT -5
Scams resilient thus far....................not going away easy..........
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Post by novie08 on Jan 30, 2017 13:32:30 GMT -5
IMO, they are going to use the markets to try to reign him in. I have big theories after reading for years about this, why they want to bring down Western culture but that's for another board. Briefly, it's called global governance and all one has to do is read George Soros' book and look at the evidence. Again, tho, that's just me. I also live in a place where I can see what's happening on a daily basis. NY, not so much.
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Post by walnut on Jan 30, 2017 13:34:43 GMT -5
I just learned I cannot travel to Iran OR Iraq this year. Damn.
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Post by theMist on Jan 30, 2017 13:35:54 GMT -5
Scams resilient thus far....................not going away easy.......... Really need them to start dropping again. Watching 15 min TVIX chart. Price action is staying flat even with negative divergence
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