30 replies to this topic

[redfoliage2]

VIX tanking 18% today,  what a reversal.  Vix is likely to go down again tomorrow ................................ 

VIX tanking again as I said yesterday...........................

[redfoliage2]

I'm not surprised to see some are taking profit here late in the day and I also locked up some profit just in case .............................

Edited by redfoliage2, 14 May 2021 - 02:41 PM.

[redfoliage2]

The market is currently in consolidation mode, let's see how much it will go...........................

[redfoliage2]

The consolidation may still have some way to go.  Got to be nimble in the current market ..........................

[redfoliage2]

I see this VST consolidation should be over either late this afternoon or tomorrow morning unless bad news hits the market ................................

[redfoliage2]

I see a bounce from here in the cards.............................

[redfoliage2]

BTW, I am closely watching a bullish configuration forming on my radar screen, indicating the market is more likely to go higher from here ......................

Edited by redfoliage2, 19 May 2021 - 11:47 AM.

[redfoliage2]

As I posted yesterday the consolidation should be done by this morning.  Sure we got a gap down at the open today and then an intra-day reversal, now I expect a follow-thru tomorrow .............................

Edited by redfoliage2, 19 May 2021 - 03:03 PM.

[redfoliage2]

As the SPX 50 dma held again yesterday a double-bottom now in the forming as showing in SPX hourly chart or daily chart ...................................

Edited by redfoliage2, 20 May 2021 - 09:21 AM.

[redfoliage2]

Day traders took profit late in the day, that actually set up for a gap up tomorrow morning ..........................