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VST Watcher Update


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#1 redfoliage2

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Posted 05 February 2016 - 09:45 AM

The signal turned into Bearish mode.

#2 redfoliage2

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Posted 05 February 2016 - 09:50 AM

Another leg down just started. Watch the H&S pattern forming on SPX hourly........

Edited by redfoliage2, 05 February 2016 - 09:59 AM.


#3 redfoliage2

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Posted 05 February 2016 - 10:05 AM

VIX is on another leg up:
http://stockcharts.c...id=p48865623244

#4 redfoliage2

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Posted 05 February 2016 - 10:31 AM

SPX support at 1900 broken with a H&S forming on the hourly. This is going to be a pretty big down day in a while.......

Edited by redfoliage2, 05 February 2016 - 10:31 AM.


#5 risk_management

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Posted 05 February 2016 - 10:33 AM

Breadth and price are out of sync.  Next bottoming pattern will produce very nice leg up.  But one has to wait for it.  We are nowhere near it. 



#6 redfoliage2

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Posted 05 February 2016 - 11:11 AM

VST downside target at SPX 1850 +- 5 for this leg down..........

#7 redfoliage2

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Posted 05 February 2016 - 11:21 AM

But with the H&S pattern formed on the hourly and the ST signal also turned bearish from Neutral the downside target may well be much lower than SPX 1850.....

Edited by redfoliage2, 05 February 2016 - 11:22 AM.


#8 redfoliage2

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Posted 05 February 2016 - 11:39 AM

VST just turned Neutral now. I'd take some good profit from here........

#9 redfoliage2

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Posted 05 February 2016 - 02:15 PM

Back into bearish mode.