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The Great 2020 Virus Bubble - near the end


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#111 dTraderB

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Posted 16 July 2020 - 01:18 PM

hourly ES looks like a basing pattern that will explode higher



#112 dTraderB

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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 dTraderB

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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 salam

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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 


I'm not sure what my future holds... But I know who holds it.

#115 dTraderB

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Posted 16 July 2020 - 01:40 PM

NQ  hourly double bottom with 2 green tails



#116 12SPX

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Posted 16 July 2020 - 02:45 PM

There we go, short 3210, profit stop 3209!  



#117 12SPX

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Posted 16 July 2020 - 02:51 PM

Profit stop 3205



#118 12SPX

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Posted 16 July 2020 - 02:55 PM

And out for a 5 point profit!  Build for overnight starting soon!  



#119 Darris

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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 12SPX

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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!!