99 replies to this topic

[K Wave]

Got my 9840.....if bears are still in biz that should be about it...

[da_cheif]

10 day clx vulnerable till post opex monday

[pdx5]

My VST Buy signals are still working out. That suggest that this is just corrective (overdue, at that).

 

M

 

This correction was healthy for the market. Sharp corrections are a hallmark of bull markets, and blistering rallies are a bear market feature.

[da_cheif]

10 day clx vulnerable till post opex monday

doesnt mean we cant go up from here but after mon post opex   the clx stuff will provide wind

Edited by da_cheif, 12 June 2020 - 09:22 PM.

[K Wave]

 

10 day clx vulnerable till post opex monday

doesnt mean we cant go up from here but after mon post opex   the clx stuff will provide wind

 

Yep if bulls can't gain any traction over next couple of days, then perhaps the old Shake and Bake

 

Quick drop to Dow 23,700, and then engage the slingshot....

 

could look something like this on 15, 30 min charts

 

15 min shakeout below 900

 

 

while 30 min provides support

[Darris]

How about the VIX drop of nearly 20% in the last two hours Friday?  44+ to below 36 !!!   Here is a close up of the CBOE put/call ratio/VIX combo FEAR Ranked %.  This indicator implies those metrics are back to fully Bearish again.  Note the summary table of last 3 bottoms around 3% or less last two months. Fast moves. 

[Russ]

How about the VIX drop of nearly 20% in the last two hours Friday?  44+ to below 36 !!!   Here is a close up of the CBOE put/call ratio/VIX combo FEAR Ranked %.  This indicator implies those metrics are back to fully Bearish again.  Note the summary table of last 3 bottoms around 3% or less last two months. Fast moves. 

What is your approx. target price for spx over the coming few weeks?

[Darris]

I'm an indicator guy in terms of buying OS and selling OB.  The only ES target I would have for the upcoming Quad Witch Expiration is something north of ES June 3200 early Friday morning before the cash opens.  ES June last trade is at 9:29:59 am Friday morning.  Thursday before expiration is the Roll over start, so it was a rough one this Quad, but there are plenty of examples of rough roll overs having sharp rips back up into the actual expiration.  The FEAR meter posted above suggests we rapidly dropped back into a buy on Thursday close in only 3 days.  In the summary table shown above, each one of those lows were produced in 2-4 days of trading from the prior peak, so June 11th fits the pattern perfectly, so far.

[Russ]

I'm an indicator guy in terms of buying OS and selling OB.  The only ES target I would have for the upcoming Quad Witch Expiration is something north of ES June 3200 early Friday morning before the cash opens.  ES June last trade is at 9:29:59 am Friday morning.  Thursday before expiration is the Roll over start, so it was a rough one this Quad, but there are plenty of examples of rough roll overs having sharp rips back up into the actual expiration.  The FEAR meter posted above suggests we rapidly dropped back into a buy on Thursday close in only 3 days.  In the summary table shown above, each one of those lows were produced in 2-4 days of trading from the prior peak, so June 11th fits the pattern perfectly, so far.

I see the final low coming in late june.  This video agrees with you that a bounce up is coming but it will collapse and bottom into the July time period, he is using lots of cycles... https://www.youtube....h?v=SVL4GtBH2Hw

[Darris]

I'm an indicator guy in terms of buying OS and selling OB.  The only ES target I would have for the upcoming Quad Witch Expiration is something north of ES June 3200 early Friday morning before the cash opens.  ES June last trade is at 9:29:59 am Friday morning.  Thursday before expiration is the Roll over start, so it was a rough one this Quad, but there are plenty of examples of rough roll overs having sharp rips back up into the actual expiration.  The FEAR meter posted above suggests we rapidly dropped back into a buy on Thursday close in only 3 days.  In the summary table shown above, each one of those lows were produced in 2-4 days of trading from the prior peak, so June 11th fits the pattern perfectly, so far.

June ES 2020 goes out on top tick for the session at 3196 and 50 pts above where Sept was trading at the open.  Chart here. https://twitter.com/...982635535208455