39 replies to this topic

[zoropb]

Good day everyone!

 

We broke through 2716.50 and 11.75, not a good thing in most cases. 

 

Not going to touch the upside yet but if we continue south, the most likely case as of now... today could turn a bit ugly or a tremendous battle takes place as we slide down.  Today be ready for any surprise. 

 

Under normal conditions I would say 2676+-7 but with the week out there still it would be rare to not at least get our 3rd target 2641.25 +-15

 

Will adjust as we go as usual. 

 

Good luck today all. If we do go down to the above mentioned and close near down there...this weekend may not be the best to stay long. 

[12SPX]

Morning love your morning outlooks as your a "trader", neither bull or bear.  Not sure about today, I'm feeling a shift higher still.  I was busy yesterday so couldn't comment much but was shorting the downside pretty good at the lows looking for the turnaround to green.  You may be right if we stay down here but think in the  end think it could be more flat at the close!  Btw would love to learn about the Kraken stuff you talk about?     

[K Wave]

TVIX again acting awful after the opening action....

[K Wave]

Dow Ind still in the hunt for new ATH after the stick save at 200 day MA yesterday.

 

If 25K gets taken out again...then likely BIG trouble for bulls.

 

But for now, bears may have run outta time...

 

There is interesting fractal within fractal  inverse H&S on Dow Ind cash chart (60 min from October and 5 min over last few days)...it is pretty clear how important yesterday pivot is now....would not want to be long if yesterday's right shoulder around 24,930 were to be taken out.

[zoropb]

Yeah 12 who cares which way the goal is make money. 

 

What a good morning. I wish we can have this volatility  all year every year.

 

Now that we passed the high. The opposite is in effect High for week moves to 2762 +- 15 / day agrees.

[K Wave]

Yesterday it was NQ begging come buy me...today it was YM....

 

Another reason why I don't get married to one index day after day...

 

TVIX continues be ugly for bears...total breakdown on 15 min chart now....

[SemiBizz]

Well they opened at the low, nothing to do now but run them up...

 

So looking ahead to the holidays, starting next week and that last 2 weeks of December light volume rape.

 

They always pick some sector and run it up, hysterically.  Happens every year, despite what else is going on in broader market...

 

I'm thinking this year... pot stocks.  Anyone have a favorite? 

[K Wave]

BA just gettin' hammered since it lost the key 365 pivot...

 

UNH last big man standing...if yesterday's low goes, that one likely to get ugly as well...

[Waver]

Semi - yes definitely pot stocks.  Agreed.

[K Wave]

NQ 6840 looks important here...

 

Should it fail to hold that level, bears might just take the ball back....