Good ol Russell 2000 completed a classic turn today testing support and resistance on the 5 min and 60 minute chart as it worked higher. No surprise the boys closed it today at the 60 min 200 ma which is flat and just happens to also be yesterdays breakdown level. Expect lots of antics tomorrow with payrolls right around 1365....as Semi says look for them to jump the creek overnight. Expect big swings in both directions tomorrow, Trade Safe
3 replies to this topic
#2
K Wave
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Posted 06 April 2017 - 08:27 PM
Kaboom...Trump fires 50 missles at Syria....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#3
Charvo
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Posted 06 April 2017 - 11:08 PM
I'm looking forward to seeing a decent VIX spike that cleans out tons of shorts on the VIX futures. Getting short VXX is the best trade in the world, but I'm patiently waiting.
#4
tommyt
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Posted 07 April 2017 - 12:01 AM
"I'm looking forward to seeing a decent VIX spike that cleans out tons of shorts on the VIX futures. Getting short VXX is the best trade in the world, but I'm patiently waiting."
50 cent has boatloads of OTM VIX long calls, but probably also has a huge portfolio thats been making a lot of dough.
