hourly ES looks like a basing pattern that will explode higher
The Great 2020 Virus Bubble - near the end
#111
Posted 16 July 2020 - 01:18 PM
#112
Posted 16 July 2020 - 01:20 PM
Boy oh boy flat market, looks like my prediction of a flat to down week may come true, tempted to go long and go short lol! May already be done for the day lol!
Never short a dull market
looks like bullish triangle waiting to break out just in time to give bears max pain into expiration.
I’d rather be playing golf!
yeah. looks more bullish than bearish. bears had their change but blew it
3190 on ES has held, key level if not broken will be good for the bullish case
#113
Posted 16 July 2020 - 01:22 PM
While leaning bullish, and astonishingly bored and waiting on the market - a rare occurrence recently - I warn about sudden drops in this market
#114
Posted 16 July 2020 - 01:30 PM
Boy oh boy flat market, looks like my prediction of a flat to down week may come true, tempted to go long and go short lol! May already be done for the day lol!
Never short a dull market
looks like bullish triangle waiting to break out just in time to give bears max pain into expiration.
I’d rather be playing golf!
Market is down Vix is down. Expiration fun
Expecting a thrust to the upside
#115
Posted 16 July 2020 - 01:40 PM
NQ hourly double bottom with 2 green tails
#116
Posted 16 July 2020 - 02:45 PM
There we go, short 3210, profit stop 3209!
#117
Posted 16 July 2020 - 02:51 PM
Profit stop 3205
#118
Posted 16 July 2020 - 02:55 PM
And out for a 5 point profit! Build for overnight starting soon!
#119
Posted 16 July 2020 - 02:59 PM
The VIX SPX 10 day correlation is around minus 0.35 right now and VXST/SPX around zero, so yes, those elevator drops have been know to occur around that set up. SKEW starting spiking real high last month as well, and is normally several weeks early.
#120
Posted 16 July 2020 - 03:00 PM
Love it when you can make a 5 point profit in minutes lol and I wasn't even really paying attention! Lets double top this move here and then down to 2500 overnight! Whoops sorry I was just day dreaming lol!!