Currently in Neutral mode...........
VST Watcher
Started by
redfoliage2
, May 31 2016 08:51 AM
24 replies to this topic
#2
redfoliage2
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Posted 31 May 2016 - 09:02 AM
Last day of the month could be the last day of the recent move........
#3
AChartist
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Tim
Posted 31 May 2016 - 12:00 PM
Looks like I hit it just right, UVXY and VXX calls keeping the account positive today,
could be a minicrash like rogue wave for a day or two coming up, I am just trying to keep the account even
not a big short. Will take it off early if it works right away June 2 or 3 low.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#4
redfoliage2
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Posted 31 May 2016 - 01:05 PM
The signal turned Into bearish mode
Edited by redfoliage2, 31 May 2016 - 01:06 PM.
#5
redfoliage2
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Posted 01 June 2016 - 06:32 AM
Starting from today we shall see the whole world is running for safe havens and bounces will be sold hard..........
Edited by redfoliage2, 01 June 2016 - 06:35 AM.
#6
redfoliage2
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Posted 01 June 2016 - 10:22 AM
Update
The signal turned from Bearish into Neutral..........
Dips were bought vigorously.
Edited by redfoliage2, 01 June 2016 - 10:24 AM.
#7
K Wave
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Posted 01 June 2016 - 10:39 AM
SOX finally showing first signs of possible topping action...
Bears now need to see a sharp selloff there very soon.....sustained action in SOX above 700 level probably kills the bear for the intermediate term..
Moment of truth here.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#8
K Wave
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Posted 01 June 2016 - 10:42 AM
Today's pivot low on Trannies could be for all the marbles now.
They have back tested the huge wedgie on the 5 min chart, so if the pivot this holds, could be up up and away from here...
BUT, if it fails to hold later today/tomorrow, then could be first sign that bulls just don't have any oomph....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#9
redfoliage2
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Posted 01 June 2016 - 10:45 AM
SOX finally showing first signs of possible topping action...
Bears now need to see a sharp selloff there very soon.....sustained action in SOX above 700 level probably kills the bear for the intermediate term..
Moment of truth here.....
Same situation for bulls too.............
#10
K Wave
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Posted 01 June 2016 - 10:47 AM
keep your eye on the 14 level on VXX here....am guessing any bear attack may be foreshadowed by the VIX ETFs
TLT also trying to bust out of MASSIVE wedgie on hourly chart to the upside here....
So this looks like bears last, best chance at taking the ball back...
Edited by K Wave, 01 June 2016 - 10:47 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
