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VST Signal Update


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#1 redfoliage2

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Posted 23 January 2018 - 11:53 AM

VST signal is currently at Neutral, but I see the next turn is likely to be bearish...........



#2 redfoliage2

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Posted 23 January 2018 - 04:35 PM

The signal closed the day at Neutral, but I'd not be surprised if the market turns down tomorrow...............



#3 redfoliage2

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Posted 23 January 2018 - 11:00 PM

SPX formed a spinning top candlestick today. A spinning top formation after a prolonged uptrend suggests that a reversal may be in the cards.


Edited by redfoliage2, 23 January 2018 - 11:08 PM.


#4 salam

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Posted 24 January 2018 - 04:51 AM

SPX formed a spinning top candlestick today. A spinning top formation after a prolonged uptrend suggests that a reversal may be in the cards.

 

Only thing Spinning is Heads of unhedged Shorters!

 

...and on that note. I've added a position short on the high of the year just now; 5 point stop. Dow looks tired


I'm not sure what my future holds... But I know who holds it.

#5 salam

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Posted 24 January 2018 - 10:08 AM

Stopped out for 5 points ....the gap and go continues
I'm not sure what my future holds... But I know who holds it.

#6 redfoliage2

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Posted 24 January 2018 - 11:02 AM

The market is in an maniac condition ignoring valuations and gravity.  However, this may turn out to be just an exhaustion gap..............


Edited by redfoliage2, 24 January 2018 - 11:04 AM.


#7 redfoliage2

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Posted 24 January 2018 - 11:52 AM

The signal is currently Neutral.

So far I see this dip as filling the morning's gap and then running up again..............



#8 salam

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Posted 24 January 2018 - 12:26 PM

Well, I flipped back short on the initial pullback Got a Dow short in @ 26310 and SP 2842....trailing stops in play as this could be a key reversal...but I doubt it as there is strong support in SP 2821-27 area


I'm not sure what my future holds... But I know who holds it.

#9 redfoliage2

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Posted 24 January 2018 - 12:52 PM

Well, I flipped back short on the initial pullback Got a Dow short in @ 26310 and SP 2842....trailing stops in play as this could be a key reversal...but I doubt it as there is strong support in SP 2821-27 area

I see this is a temp dip as this is not a time for a key reversal.  We will see today's high again, maybe tomorrow or Friday.   The recent run up may continue to 2880-2890 area ..............


Edited by redfoliage2, 24 January 2018 - 12:57 PM.


#10 salam

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Posted 24 January 2018 - 12:52 PM

took 1/3 profit @ 30 and covered with a 3 point stop on the long

 

Oh and also cashed 120 Dow points...planning to reshort the pop


Edited by salam, 24 January 2018 - 12:54 PM.

I'm not sure what my future holds... But I know who holds it.