|
Post by walnut on Feb 9, 2017 10:07:18 GMT -5
Yes seems to be playing out
|
|
|
Post by theMist on Feb 9, 2017 10:12:41 GMT -5
|
|
|
Post by theMist on Feb 9, 2017 10:16:04 GMT -5
VXX Hourly MACD and MACD Histogram just went bearish
S&P at new ALL time highs and should still breakout further
Definitely don't think SCAMs fill morning GAP at this point but still a lot of trading left in the day -- and if you look at VXX 5 min chart -- do you see how that quick spike to 18.83 (today's HOD) filled the small common gap (18.82-18.83)?
SCAMs going to new ALL time LOWs IMO
|
|
|
Post by walnut on Feb 9, 2017 10:17:37 GMT -5
Yeah I saw that
|
|
|
Post by walnut on Feb 9, 2017 10:18:25 GMT -5
S&P just took off
|
|
|
Post by walnut on Feb 9, 2017 10:20:40 GMT -5
VXX 18.50's should be close
|
|
|
Post by theMist on Feb 9, 2017 10:23:19 GMT -5
Nice! Nice! My babies!
|
|
|
Post by theMist on Feb 9, 2017 10:23:49 GMT -5
As soon as Trump Breaking News came on -- TVIX went from 5.00 to 5.03. lol
But SCAMs still headed lower IMO
Small inverse H&S target has now been met. S&P hit 2303ish
But, for short term, we still have diamond breakout that measures SP 2313ish
45 short TVIX
VXX 18.69, TVIX 5.01
|
|
|
Post by theMist on Feb 9, 2017 10:27:29 GMT -5
Gotta get Trump off TV!! Everyday! Everyday! Everyday! lol Come on my Babies!!! New All time lows!
|
|
|
Post by huh on Feb 9, 2017 10:28:43 GMT -5
I put a stop on the UVXY I have and plan on taking the ugly loss. Another lower low will likely get another lower low, and another...
|
|
|
Post by theMist on Feb 9, 2017 10:30:30 GMT -5
I put a stop on the UVXY I have and plan on taking the ugly loss. Another lower low will likely get another lower low, and another... Sorry to hear Huh -- Where did you put in your stop loss?
|
|
|
Post by walnut on Feb 9, 2017 10:31:15 GMT -5
what did you sell your tvix for today
|
|
|
Post by theMist on Feb 9, 2017 10:39:33 GMT -5
S&P might backtest that rising grey line break just under it before continuing higher Take a look at all those bullish targets plus we still have that large double bottom and inverse H&S that measures around SP2450 Next short term target /resistance is that grey rising resistance marked with green arrow. upload a picture
|
|
|
Post by theMist on Feb 9, 2017 10:40:49 GMT -5
|
|
|
Post by walnut on Feb 9, 2017 10:42:37 GMT -5
Seem like moving higher again though
|
|
|
Post by theMist on Feb 9, 2017 10:55:13 GMT -5
Seem like moving higher again though We have much higher S&P bullish targets -- look at S&P chart I posted earlier -- obviously, it will take more time. As I type S&P is at 2305 and small inverse H&S pattern target has been hit. It's in a good spot from the break of that larger inverse H&S and Ascending triangle break to turn back and bactest. Just in case you see a little selling in S&P hit (BIG IF) -- you'll know why now -- backtesting the previous S&P High as well as that triangle break Scams are back in death spiral -- they will bounce a little here and there but overall they're going much lower IMO VXX 18.64, TVIX 4.99
|
|
|
Post by walnut on Feb 9, 2017 10:58:51 GMT -5
sounds good to me
|
|
|
Post by theMist on Feb 9, 2017 11:01:16 GMT -5
Next short term S&P target is that green arrow but could put in a backtest before then. Have to be open to that. VXX 18.62, TVIX 4.97 SELL SCAMs and hold is a good move at this point while all these bullish patterns playing out. I'm also ALL for scalping shorting them. Just not easy to do when they're in a death spiral. lol And SCAMs already backtested the previous all time LOW (TVIX 5.00) and is now back slightly below it. That's not to say TVIX cannot go back and forth a little bit over/under 5.00 They will bounce here and there BUT overall, SCAMs are headed lower IMO Would like to see SCAMs stay below their previous all time lows VXX 18.62, TVIX 4.98
|
|
|
Post by theMist on Feb 9, 2017 11:11:20 GMT -5
|
|
|
Post by Herceg on Feb 9, 2017 11:15:47 GMT -5
The Mkt. appears to be on steroids..............LOL..........don't know how, when or if it wears off...............
|
|