Wonderful art... will it be transformed to real world market movements?
SP500 Week
Posted 20 June 2019 - 07:03 AM
Wonderful art... will it be transformed to real world market movements?
SP500 Week
Posted 20 June 2019 - 07:29 AM
NYA looking to blast through 13K level today....
could be big time breakout on that one if it holds....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 20 June 2019 - 09:20 AM
I would like the market to retrace all of the overnight rally so I can now get an opportunity to trade from yesterday's close
Sure, it's coming....
AAII Bulls were still holding back this week (now 29.5). My guess is we see the big jump next week since yesterday was the first day of sentiment shift.
3:42 AM - 20 Jun
They are trying real hard to get SPX as near as possible to yesterday's close, then ramp up.
Of course, the downward momentum can take it all the way below SPX 2900
Posted 20 June 2019 - 09:56 AM
Maybe that SPX new record high will have to wait a while as IRAN situation worsens
https://www.politico...n-drone-1372605
Early exuberance has given away to cautious trading
Posted 20 June 2019 - 10:05 AM
so, a ST HIGH is in place now?
irrational bullishness is now replaced by caution and selling
Posted 20 June 2019 - 10:06 AM
VIX up
SPX UP 20 points
I am fixated on that SPX vs VIX 15m chart
VIX hourly BUY (SPX sell) will be triggered by end of this hour if VIX remains near current levels
Posted 20 June 2019 - 11:17 AM
VOLATILITY explodes!
Unless there is a stunning reversal intraday, this looks more and more like a ST high
Anyone who deliberately planned a reversal could not have done as brilliant a job as the IRAN AFFAIR did to this market!
Posted 20 June 2019 - 11:19 AM
VIX up 9.7%
SPX up 7
On the sideline for a few minutes to analyze this before trading
Posted 20 June 2019 - 11:20 AM
wow, haven't see this type of VIX move for a long long time
Posted 20 June 2019 - 11:29 AM
ok, President softens threats, says a mistake or accident may have been made to shoot down US drone
LOL
Ratcheting down tensions, markets reassured, let's rally now