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#1 NAV

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Posted 30 November 2016 - 09:59 AM

SPX gapped above my STOP level today. That has generated new levels for me. A 5-min close above 2214, i will exit my short and reverse to long. Until then, i will hang on to my shorts.

 

Gold made a new low. That invalidates the buy setup. No trades there. Waiting patiently !


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#2 SemiBizz

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Posted 30 November 2016 - 10:05 AM

Been saying for more than a month now...

 

Gold Gann turn 12/2

 

That's Friday.


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#3 alexnewbee

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Posted 30 November 2016 - 10:18 AM

NDX moves opposite to GS&JPM

Obvious unwind of some hedges..


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#4 lawdog

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Posted 30 November 2016 - 10:26 AM

exited my remaining longs this a.m. If weakness continues today, looking to put on minor short position around 2210 on spx. the risk reward on the long side is poor right now; the long side is too crowded for my taste, but i suspect there is a fair amount of support to come in after a short period of consolidation/correction. would love to go long again around 2180 on spx.



#5 redfoliage2

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Posted 30 November 2016 - 10:38 AM

Big down volumes in ES from the gap up.  Traders are taking this opportunity to sell.  I see more selling tomorrow and Friday............


Edited by redfoliage2, 30 November 2016 - 10:39 AM.


#6 pisces

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Posted 30 November 2016 - 10:39 AM

SPX gapped above my STOP level today. That has generated new levels for me. A 5-min close above 2214, i will exit my short and reverse to long. Until then, i will hang on to my shorts.

 

Gold made a new low. That invalidates the buy setup. No trades there. Waiting patiently !

 

the gold triangle i mentioned last nite doesnt seem to be working out ,,just watching now..zorro.gif



#7 lawdog

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Posted 30 November 2016 - 10:58 AM

entered a modest short at spx cash 2208, but vigilance is necessary. the best short is when the bulls don't see it coming, and this could be it. FF poll is heavily bearish; maybe they (we) will be rewarded. but December should still offer some good long side opportunities, most likely better than the short side after this hoped-for consolidation.



#8 NAV

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Posted 30 November 2016 - 12:19 PM

I exited my shorts at breakeven. Choppy consolidation zone. Will re-enter again on a better setup.


"It's not the knowing that is difficult, but the doing"

 

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#9 SemiBizz

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Posted 30 November 2016 - 12:37 PM

There are better plays out there than SPX.

 

Nasdaq is down 38 here.


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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#10 redfoliage2

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Posted 30 November 2016 - 12:49 PM

SPX will "catch up" on the downside with NAZ tomorrow...........


Edited by redfoliage2, 30 November 2016 - 12:49 PM.