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First tick of a sell signal

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#1 opinionated

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Posted 02 February 2017 - 09:14 PM

Daily Dot on the caution side (SAR)

 

Personally looking for a lower high about 2294-2300 SPX then we start the down slope until the end of Feb.  Rut targets 1310 in that decline.

 

I would not consider long any equity after tomorrow.

 

Dollar starting it's bounce to 101.45

 

Gold to 1190 ish....

 

Best

 

 

http://stockcharts.c...id=p71642276705


Edited by opinionated, 02 February 2017 - 09:15 PM.


#2 tommyt

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Posted 02 February 2017 - 11:13 PM

Thanks for sharing K...internals do look vulnerable here.



#3 gameover

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Posted 03 February 2017 - 08:50 AM

being long on max margin beyond today will be a grand slam



#4 12SPX

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Posted 03 February 2017 - 10:22 AM

Seriously GO after your great predictions you come back for more abuse lol!!  good for you we'll see how well your impeccable reverse timing is this go round!!!



#5 gameover

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Posted 03 February 2017 - 10:40 AM

snowball's chance of a reversal

 

gs +8.5, do i hear 9, 10...



#6 opinionated

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Posted 03 February 2017 - 11:57 AM

Did not say reversal today,  said no longs (After) today expecting the turn down(Mon/Tues)



#7 draggen33

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Posted 03 February 2017 - 12:13 PM

I agree with opinionated!! As the late Sy harding use to always say they give this move on NFP back over the next week


Edited by draggen33, 03 February 2017 - 12:14 PM.


#8 12SPX

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Posted 03 February 2017 - 12:21 PM

Don't listen to GO just keep reminding him about his +150 call for last friday turning into a down day and no 21700 this week, he knows nothing!



#9 Charvo

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Posted 03 February 2017 - 06:53 PM

A lot of beginning of the month money has entered the market.  

 

I think the VIX has bottomed.  It's under 11 again.  SPX and Dow have probably topped out.  NDX might make higher highs since it is so relatively strong.  Problem I see with shorting is that EEM is strong.  EEM is always an indicator of liquidity in the system.  

 

I think folks will come back to buying puts on the market pretty darn soon.  It could be Monday.  However, EEM would have to really croak for me to go seriously bearish.



#10 opinionated

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Posted 04 February 2017 - 09:28 AM

I trade ST... more than 5 days no interest here, I am looking short Monday afternoon, Tues morning... probably 2203-09 spx then down into the end of the week. looking like 2280... Then another attempt higher that fails for a bigger decline.







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