25 replies to this topic

[robo]

The optx target is around 2700ish. We shall see how close they can get to that target. I will have no long positions going into next week. Above average odds we move below the 9 ma next week. We are late in the current daily cycle and the SOS continues.

 

Good luck on your trades.

 

 

 

The VST consolidation was done and the market is back into rally mode.  So it's a bullish outlook for the next week.

I will be looking for weakness early in the week and a move up for the VIX. 

 

There will be dips and sure it's prudent to buy at dips.

 

Edited by robo, 08 June 2018 - 02:54 PM.

[redfoliage2]

Yes, the upcoming OpEx could be a wild card for next week ...........

[robo]

"The optx target is around 2700ish. We shall see how close they can get to that target. I will have no long positions going into next week. Above average odds we move below the 10 ma next week. We are late in the current daily cycle and the SOS continues."

 

 

I updated my data chart. It now shows the 10 dma. 

 

Edited by robo, 09 June 2018 - 12:42 PM.

[redfoliage2]

Update

The signal turned into Neutral.

[redfoliage2]

I see a pull back is in the cards.............

[redfoliage2]

_Update

_{The signal is back in Bullish mode.}

_{Due to the pending news from Trump-Kim summit the VST pullback may not be realized...........}

Edited by redfoliage2, 11 June 2018 - 11:02 AM.

[redfoliage2]

Now it looks that SPX 2800 will be reached tomorrow.  If Trump and Kim can reach some kind of an agreement at the summit we shall see SPX 2850 this week.

[robo]

Now it looks that SPX 2800 will be reached tomorrow.  If Trump and Kim can reach some kind of an agreement at the summit we shall see SPX 2850 this week.

Are you trading the move from the long side?

 

Thanks...

 

Edited by robo, 11 June 2018 - 01:56 PM.

[redfoliage2]

Im long ES and expecting a gap up tomorrow. With such strong internals and low VIX Id not take the short side. Dips are likely bought.

Edited by redfoliage2, 11 June 2018 - 05:09 PM.

[redfoliage2]

Update

The VST consolidation was done and the signal is in Bullish mode.

SPX 2808 will be tested soon, but we may have to wait for next week to see 2850.

Edited by redfoliage2, 12 June 2018 - 11:06 AM.