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Post by walnut on Aug 10, 2017 9:33:13 GMT -5
The S&P 2444-2445 area is critical and should act as some support. That's the bottom of this year's rising channel Yeah I see that too
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Post by ipath on Aug 10, 2017 10:21:23 GMT -5
so far it looks like this isn't one of those typical v-shaped sell-off's where it bounces right back.. So, hope that 2450 support will really get breached today and go down at least another 1%
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Post by theMist on Aug 10, 2017 11:44:01 GMT -5
Welcome to backwardation -- and if continues -- SCAMS will fly a lot more
The old days where you see VXX or TVIX close and then jumps up and spikes in after hours.
Backwardation is rocket fuel for the SCAMs
Bears patience finally paying off 20 days after the gap up and run up to SP2490
This move should have legs going into tomorrow
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Post by ipath on Aug 10, 2017 12:23:28 GMT -5
the resistance at 2445 -- rock solid. Hope our buddy LV got out yesterday, but then again he was not leveraged I think so he can ride it out, this will go down eventually
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Post by walnut on Aug 10, 2017 12:42:27 GMT -5
If this little sell off cannot trigger a correction, then maybe a correction is not imminent after all
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Post by theMist on Aug 10, 2017 13:28:01 GMT -5
S&P Daily chart There is support in this area
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Post by theMist on Aug 10, 2017 13:29:18 GMT -5
S&P Hourly Backtesting the break of that ascending support
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Post by ipath on Aug 10, 2017 13:35:29 GMT -5
It is tempting to start covering.. then again,that's what others think too and they keep this support so solid
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Post by theMist on Aug 10, 2017 13:40:56 GMT -5
It is tempting to start covering.. then again,that's what others think too and they keep this support so solid Can't go wrong taking profits However, final hour dumps and this should continue to at least into tomorrow there are a lot of bulls on margin I think this will have little more legs CNBC doing good job in spreading the fear lol
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Post by theMist on Aug 10, 2017 13:48:33 GMT -5
VXX 15 min chart putting in bounce candle - needs confirm with this next candle selling continues in final hour and VXX could go for hod again
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Post by theMist on Aug 10, 2017 14:12:49 GMT -5
2nd stage of VIX SCAM rocket kicking in now
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Post by theMist on Aug 10, 2017 14:25:58 GMT -5
By far my best trade ever -- and waited for this over 2-3 weeks
Between trading account and IRA - up about 50k today
Thank you Lord Jesus
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Post by ipath on Aug 10, 2017 14:26:23 GMT -5
the fight at 2444 is brutal but fun to watch, forget super bowl compared to this
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Post by ipath on Aug 10, 2017 14:28:21 GMT -5
congrats! I got in too early with tvix.. so not even 10k up
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Post by huh on Aug 10, 2017 14:34:36 GMT -5
Hello backwardation. VIX term structure line looking very unusual now
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Post by theMist on Aug 10, 2017 14:44:13 GMT -5
Backwardation
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Post by lasvegas77 on Aug 10, 2017 15:05:08 GMT -5
I covered my position today at a substantial loss. Luckily, i didn't trade as big as i was.
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Post by huh on Aug 10, 2017 15:05:08 GMT -5
S&P traded perfectly technically. Bounced where it should have, lost that support, then backtested it. It's been about a year since I've seen the S&P trade reliably on technicals.
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Post by theMist on Aug 10, 2017 16:02:10 GMT -5
My best day and trade ever vix futures in backwardation and VXX at 13.80ish in AH up about 70-80K today
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Post by ipath on Aug 10, 2017 16:13:03 GMT -5
that's amazing! congrats... did you start covering?
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