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OK, This has more than a bit worried about longs prospects short term


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#51 K Wave

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Posted 22 May 2020 - 09:30 AM

VIX may be nearing the end of its coiling....

 

If it does not break upwards, and instead goes through yesterday afternoon's swing low, then bears had better be careful

 

If it instead explodes over 30, then may be time hang on to some shorts for a bit....


Edited by K Wave, 22 May 2020 - 09:31 AM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#52 K Wave

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Posted 22 May 2020 - 09:36 AM

AMZN back below 2450

 

If it does not hold right here....may be about to give up and roll over after its amazing run to the upside....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#53 12SPX

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Posted 22 May 2020 - 09:43 AM

Yup I know that feeling about being quick lol!  Go away to make a shake and bam I was taken out at 2940 for a .75 profit but back in at 2941 and building if need be lol!!  Shoulda put the stop lower lol!!! 



#54 12SPX

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Posted 22 May 2020 - 09:45 AM

I do think the market is absolutley crazy if we end the day higher with it being a long weekend and whats cooking over in China though, could be really ugly over there this weekend!  If we do end higher I'll for sure go into it short.



#55 12SPX

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Posted 22 May 2020 - 09:50 AM

Not gonna miss it this time seems like a sideways trending market so far, profit stop 2938!



#56 12SPX

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Posted 22 May 2020 - 09:59 AM

There we go, lowered stop to 2935! 



#57 12SPX

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Posted 22 May 2020 - 10:24 AM

Okay +6 points there, see if we get back to 2940, getting a little dizzy here lol!! 



#58 12SPX

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Posted 22 May 2020 - 11:02 AM

Can't resist starting a short build here at 2938!!



#59 CLK

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Posted 22 May 2020 - 11:32 AM

I don't think supply and demand exists in the cash session, I think market makers just put price where they want and absorb the volume before they decide to adjust prices again.



#60 CLK

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Posted 22 May 2020 - 12:25 PM

Polls are a 90% fade, maybe higher.