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#31 NAV

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Posted 17 November 2017 - 10:30 AM

When it's bearish I will be selling; but when it's Neutral, I don't sell and don't buy as I always either hedged or has a tight stop.  Right now I'm holding my ES long with weekly puts to cover.  

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#32 redfoliage2

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Posted 17 November 2017 - 10:44 AM

I believe that the ST bottom was in on Wednesday and I expect SPX to at least test 2600 or even new highs next week:

 


Edited by redfoliage2, 17 November 2017 - 10:46 AM.


#33 redfoliage2

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Posted 17 November 2017 - 12:07 PM

The broad market internals also indicating ST bottom was in.  I see NYMO soon will be back into the positive territory that will indices further higher.  This should happen either today or next Monday...........


Edited by redfoliage2, 17 November 2017 - 12:14 PM.


#34 redfoliage2

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Posted 17 November 2017 - 12:42 PM

VST still Neutral.

We got a consolidation at high today, and it should end before the day session ends...........


Edited by redfoliage2, 17 November 2017 - 12:52 PM.


#35 redfoliage2

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Posted 17 November 2017 - 01:47 PM

Seeing this little consolidation at high now I see a good up day set up for next Monday.   VST still at Neutral and we are watching the paint drying.  I will post the signal at the close today.


Edited by redfoliage2, 17 November 2017 - 01:48 PM.


#36 redfoliage2

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Posted 17 November 2017 - 03:34 PM

VST signal just turned Bearish.

Edited by redfoliage2, 17 November 2017 - 03:34 PM.


#37 redfoliage2

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Posted 17 November 2017 - 03:57 PM

However, this still looks just a consolidation and Id not get too Bearish for next week as the internals improved a lot in the recent two days, and holding up very well.

Edited by redfoliage2, 17 November 2017 - 03:58 PM.


#38 csw2002

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Posted 17 November 2017 - 06:27 PM

However, this still looks just a consolidation and Id not get too Bearish for next week as the internals improved a lot in the recent two days, and holding up very well.


What about your intermediate term sell signal? Is that finished now?
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#39 redfoliage2

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Posted 18 November 2017 - 11:00 AM

The IT signal still Bearish. However, it could be in the late stage as the broad market internals is bottoming or have bottomed. If we see further improvement in the broad market internals next week, Id cover short positions.

Edited by redfoliage2, 18 November 2017 - 11:09 AM.