VST signal is currently at Neutral, but I see the next turn is likely to be bearish...........
VST Signal Update
#1
Posted 23 January 2018 - 11:53 AM
#2
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
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
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
#5
Posted 24 January 2018 - 10:08 AM
#6
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
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
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
#9
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
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.