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VST Signal


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#1 redfoliage2

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Posted 15 May 2020 - 11:41 AM

Turned Bullish.



#2 redfoliage2

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Posted 15 May 2020 - 12:14 PM

I wonder why the signal suddenly turned bullish around noon time.  Could be news driven, or this week's swing down has reached the end with the OpEx ............


Edited by redfoliage2, 15 May 2020 - 12:17 PM.


#3 redfoliage2

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Posted 15 May 2020 - 12:49 PM

This looks going to be a repeat of yesterday.  Too much liquidity out there and so too many dip-buyers ....................



#4 redfoliage2

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Posted 15 May 2020 - 12:58 PM

$NYHL suddenly jumped 107 points and up 120% today.  I guess the market must know something positive coming next week .................


Edited by redfoliage2, 15 May 2020 - 01:02 PM.


#5 redfoliage2

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Posted 15 May 2020 - 01:54 PM

Don't fight the Fed that wants to keep the market running higher until the economy turns around.  With this Fed mentality valuations not applicable ..............



#6 redfoliage2

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Posted 15 May 2020 - 02:10 PM

Don't fight the Fed that wants to keep the market running higher until the economy turns around.  With this Fed mentality valuations not applicable ..............

To how high I?  don't think there is a limit there as this time the Fed cannot afford to lose and it must win.That's why I think we will see new highs before new lows..............


Edited by redfoliage2, 15 May 2020 - 02:19 PM.


#7 redfoliage2

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Posted 15 May 2020 - 02:30 PM

On the 60 min NQ running up from an inverted H&S base ........



#8 redfoliage2

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Posted 15 May 2020 - 02:33 PM

On the 60 min NQ running up from an inverted H&S base ........

ES as well.  It looks a gap-up for Sunday at the futures open


Edited by redfoliage2, 15 May 2020 - 02:37 PM.


#9 redfoliage2

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Posted 15 May 2020 - 02:59 PM

This VST signal terminated at 4 PM EST as usual.


Edited by redfoliage2, 15 May 2020 - 02:59 PM.


#10 flyers&divers

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Posted 15 May 2020 - 03:40 PM

On the four major ETF's and their reverse ETF's the indicator i use to monitor the rate/momentum of flow of funds were outright negative for the last two days.

In the morning I covered shorts because I saw tech leaders acting well but bought RWM near the close.

Unless something extraordinary happens over the weekend on Monday the indices will be in a swing top to reverse.

 

I like to use visualizations to grasp different aspects of price movement and at this point I see the bunch of ETF's as a shredded rope that hangs by a few threads and the bulk is hanging by it's weight.

If Monday gaps and runs big I'll be the one hanging:)

 

Cheers,

F&D


Edited by flyers&divers, 15 May 2020 - 03:40 PM.

"Successful trading is more about Sun Tzu then Elliott." F&D