6 replies to this topic

[dTraderB]

Yesterday's daily candle that took out the previous two day's tepid advances was bearish; short-term 5-day momentum is bearish, but SPX is still above all major averages (50/100/200) and above the major support zone 2760/65. 

My VIX and VXX indicators are on BUY (SPX sell). 

SPX is at a critical juncture: it can continue to trade in the 2760/2802 range for a another day or two and then breakout above 2802 or decline below 2760. 

 

ST bearish to flat, IT and LT bullish. 

 

I added another 4 Sep 2018 QQQ puts on the early rallly.

 

Still 100% short with long & short ES daytrades. 

[12SPX]

Interesting pop this morning, didn't expect it to be this strong this morning, be interesting if it holds!

[dTraderB]

I think it should test SPX 2802 today or tomorrow. 

Equity markets relishing the ECB's announcement & press conference; DAX up by 1.6%. 

 

Look at that USD ! Up 0.82 at 94. 38 after Draghi's somewhat surprise announcement of "no interest rate rise in the near future"

[robo]

Day 29 and the pattern is almost complete... My focus has been on the gold miners...

 

[robo]

Watching to see if the BBB's can save the day and extended the cycle. Still, we have NO BEEF!

[robo]

Long GDXJ....  

 

Good trading.

 

[12SPX]

Although higher, something doesn't feel right about this tape, be interesting to see if we hold up.  This isn't technical in the slightest just experience so could be wrong.