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The Bounce, then the crash?


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#1 dTraderB

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Posted 08 October 2018 - 08:52 AM

Closed a few QQQ puts. 

 

Now here comes the mandatory bounce, and then .....

 

it could get quite ugly if the SPX 50ma daily can't hold

 

Trading NQ futures & QQQ options today. 

 

Sort of hedging but not exactly and not the intention. 

 

Long NQ trades are less stressful and risky with QQQ puts in the bag. 

 

SPX hourly close above 2896 is very important and could lead to fresh SPX record highs. 


Edited by dTraderB, 08 October 2018 - 08:55 AM.


#2 redfoliage2

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Posted 08 October 2018 - 08:55 AM

I hope earnings will help to avoid a crash this time.  A silver lining today is that internals firmed up................


Edited by redfoliage2, 08 October 2018 - 09:05 AM.


#3 dTraderB

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Posted 08 October 2018 - 09:05 AM

Daily SPX extract

2877 SPX must hold or else

 

2905 and 2907 important resistance

 

hourly 2896 is also important resistance

 

blue line is the VIX daily

 

43333379_1145275958944154_50299866530499



#4 dTraderB

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Posted 08 October 2018 - 09:21 AM

crash? what crash? we're almost flat on the day!

 

Yeah, it's early



#5 dTraderB

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Posted 08 October 2018 - 10:25 AM

battle for SPX 2877 wages on..... fierce



#6 tsharp

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Posted 08 October 2018 - 02:06 PM

In light of the NDX chart, I think I prefer this fractal interpretation for the SP00s...

 

Three tests of the ~2865 range, suggests wave-a is complete.

 

I think wave-c:iv may only go to the ~2850 range... twt.

 

SP00_240_10.8.18.jpg



#7 SemiBizz

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Posted 08 October 2018 - 02:42 PM

Sentiment sucks for a crash, this would be the most well-advertised crash in market history...

 

10000 analysts would be able to claim they predicted the bottom...yes.gif

 

When this hits, it is going to be a STRUCTURAL HIT, no one will be able to predict it.


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#8 SemiBizz

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Posted 08 October 2018 - 02:45 PM

Most of the guys calling for a crash are just looking for a pullback to buy back in...

 

The time to buy though is when the same guys are puking their guts out in the bathroom every day...

 

sweatingbullets.gif


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#9 PrintFaster

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Posted 08 October 2018 - 03:17 PM

And then there is this.....

 

Already way oversold, but still crashing.

 



#10 redfoliage2

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Posted 08 October 2018 - 03:42 PM

On the VIX daily chart it looks a gravestone, indicating a possible top was formed there......................