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#1 OEXCHAOS

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Posted 02 October 2019 - 08:31 AM

Shorting volatility.

 

That's Bullish.

 

Of course, the OEX P/C which has historically been "Smart-ish" money is shorting equities.

 

Up then down?

 

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#2 redfoliage2

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Posted 02 October 2019 - 08:50 AM

VST let's see if SPX 2905 can act as a tentative support, or it wants to test the bottom of the expanded range in a hurry:

https://www.traders-...xchanges/page-2


Edited by redfoliage2, 02 October 2019 - 08:51 AM.


#3 redfoliage2

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Posted 02 October 2019 - 09:33 AM

VST it's now in very oversold conditions.  I'd be prepared for a bounce from here, could be a big bounce ............



#4 blustar

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Posted 02 October 2019 - 10:08 AM

I see now a possible 2848 today, from my previous target of 2875. And yes a huge rally coming out of this


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#5 12SPX

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Posted 02 October 2019 - 10:10 AM

Its always interesting how gaps are always filled eventually, I'd be surprised if they want to give up 2900 by the end of the day at the least.



#6 qqqqtrdr

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Posted 02 October 2019 - 10:59 AM

OEX P/C is not yet low enough for me to call it a buy signal..   I average it out with high numbers of Equity and CBOE..   Both Equity and CBOE have satisfied the condition of the BUY, but 10-day OEX still needs to confirm...   I've been on a border line buy for the last 2-days but it hasn't hit yet...    Reliability of the signal is about 73%....   Signal is based upon Equity and CBOE ( 10-day P/C ) going higher while OEX P/C ( 10-day ) goes lower....   My short term ( leading indicators ) which give me a short term bounce ( i.e for the next 2 - 3 days ) are working toward a buy signals as well, but have not hit...    I look at the signals during the evening so they are not intraday indicators....

 

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#7 redfoliage2

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Posted 02 October 2019 - 11:15 AM

LOD was in and I just went long SPX calls for a quick bounce tomorrow.............



#8 blustar

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Posted 02 October 2019 - 11:43 AM

My original call for today was SPX 2875/76


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#9 redfoliage2

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Posted 02 October 2019 - 12:37 PM

Let's see if someone will twitter something tonight as he usually does and the market may mount a big bounce from here .............

VST this is very likely a bottom.  I'd not be surprised if today's down gap gets filled before anything else............


Edited by redfoliage2, 02 October 2019 - 12:42 PM.


#10 blustar

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Posted 02 October 2019 - 12:49 PM

Looks like my 2875 target was correct!


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