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VST Signal Update


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#1 redfoliage2

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Posted 04 December 2018 - 02:16 PM

Turned from Bearish into Neutral.



#2 redfoliage2

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Posted 04 December 2018 - 02:18 PM

More likely we will see a bounce later today or the next trading day............



#3 redfoliage2

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Posted 04 December 2018 - 02:51 PM

The bounce has started and VST target SPX 2750 - 2760.............


Edited by redfoliage2, 04 December 2018 - 02:51 PM.


#4 tradesurfer

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Posted 04 December 2018 - 03:19 PM

is the crash window still open redfoliage ?

 

I am seeing a BUSTED pattern setup in the VIX

 

meaning false break to the downside and then reversal back up


Edited by tradesurfer, 04 December 2018 - 03:20 PM.


#5 tradesurfer

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Posted 04 December 2018 - 03:24 PM

The VIX has a huge amount of sideways energy folks....   all hands on deck to save the sp500 !!  HUGE move coming.... HUGE



#6 redfoliage2

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Posted 04 December 2018 - 03:36 PM

Both VIX and options data are not confirming this selling.  At this point it's hard to believe that crash window is open................



#7 12SPX

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Posted 04 December 2018 - 03:41 PM

Both VIX and options data are not confirming this selling.  At this point it's hard to believe that crash window is open................

Vix is very strange for sure, with this kind of selling it should be in the 30's at the least!  Tradesurfer you mean huge move in the SP?



#8 tradesurfer

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Posted 04 December 2018 - 04:04 PM

Yes I mean a huge move down in SPX, 3 sigma type of move, flash crash, or multi bar extended selloff into December 10th to 12th

 

This recent move up to make a triple top is extremely bearish and then combined with the busted pattern setups in VIX and TVIX, and the huge mega volume breakdown in XLF financials index.  Expect huge gap down end of this week and plunge and almost relentless move down towards lower lows.

 

Obviously I am extremely bearish at this point but I have been known to tilt too far to one side... but this time I think it sticks

 

We need to carefully consider that the last multi day rally up to yesterday is now the FUEL for a huge fast surge down


Edited by tradesurfer, 04 December 2018 - 04:07 PM.