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Post by theMist on Dec 11, 2018 19:05:00 GMT -5
Jim's video
More LITTLE signs that we could be forming a short term bottom, but nothing really conclusive at this point. So, I think we just need to wait it out a bit to see what happens in relation to a new line that is put on the chart today. This line could be an area of resistance that, if we can break over it, would give us a target in the 2750's. Until then, personally, I do not see anything else of much value in the chart in the way of patterns or channels... but I do not see everything, so you please put your own eyes on this as well.
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Post by theMist on Dec 11, 2018 19:27:51 GMT -5
Betting on a rally back up tomorrow (Wednesday) -- gap up and no crap lol
Thinking VXX gaps down tomorrow as well and starts move back down to VXX 37-38 area
We'll see...
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Post by clinton on Dec 12, 2018 0:17:29 GMT -5
Betting on a rally back up tomorrow (Wednesday) -- gap up and no crap lol Thinking VXX gaps down tomorrow as well and starts move back down to VXX 37-38 area We'll see... if we gap Ill be shorting something
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Post by theMist on Dec 12, 2018 8:50:37 GMT -5
Welcome to the Santa Rally 2 weeks before Christmas! lol
Bulls Wall of Worry China Trade War Government Shutdown Brexit Fed (maybe)
Feel free if I forgot any
Any good news on any of those and markets will spike. Once those concerns are removed markets rollover for good IMO
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Post by clinton on Dec 12, 2018 9:38:50 GMT -5
LONG SLV PUTS
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Post by clinton on Dec 12, 2018 9:53:07 GMT -5
dammit missed the XLF gap up
maybe I get a 2nd chance later
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Post by walnut on Dec 12, 2018 10:17:01 GMT -5
FWIW AMZN indicators really do look like a short term bottom that is buyable.
They looked like it days ago, I guess this is old news by now...
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Post by clinton on Dec 12, 2018 10:22:33 GMT -5
robinhood stopped working.
I feel some losses coming haha
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Post by theMist on Dec 12, 2018 11:01:52 GMT -5
I had a feeling this gap up was going to stick today
Also, it is a technical breakout -- hasn't backtested btw
1pm EST I believe is the Theresa May vote -- might be interesting
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Post by clinton on Dec 12, 2018 11:17:14 GMT -5
wow robinhood just deactivated everyones accounts
your going to see some liquidity in the market disappear.
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Post by walnut on Dec 12, 2018 11:20:47 GMT -5
wow robinhood just deactivated everyones accounts your going to see some liquidity in the market disappear. wow!
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Post by clinton on Dec 12, 2018 12:07:56 GMT -5
my CHK calls hit their target and are now dropping. frustrating.
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Post by clinton on Dec 12, 2018 15:30:47 GMT -5
my CHK calls hit their target and are now dropping. frustrating. account working CHK now -25% instead of +25%
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Post by clinton on Dec 12, 2018 15:31:00 GMT -5
LONG XLF PUTS
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Post by clinton on Dec 12, 2018 15:37:58 GMT -5
LONG GDX PUTS
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Post by theMist on Dec 12, 2018 15:51:15 GMT -5
I ended up taking some bearish positions earlier as well Clinton
GL
BTW - backtest of this breakout is in SP 2640 range and that's if it doesn't fail
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Post by clinton on Dec 12, 2018 16:14:57 GMT -5
so weird, this sold 1 min after market closed. +26%
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Post by theMist on Dec 12, 2018 18:09:33 GMT -5
Clinton, we have to watch that this doesn't still turn into a short term bottoming pattern (iH&S) Would like to see ES take out that low at 2602ish or at least get down below 2620 area Bears had some nice eod momentum and should carry over into tomorrow...we'll see...
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