SHORTING zone ahead... beware

VXX still riding the top of that 1 min 900 hard...

Back above 50 now, and likely it starts to ramp up again...

may have just seen shakeout before launch

Edited by K Wave, 25 March 2020 - 02:32 PM.

VXX still riding the top of that 1 min 900 hard...

 

Back above 50 now, and likely it starts to ramp up again...

 

may have just seen shakeout before launch

Bingo!

That last hour candle looks rather bearish - for both SPX and NQ
Daily does not look too bad but that sell-off from highs during last hour tells us there are 

powerful participants who will get their way when they want to and today they wanted to sell a big 2-day rally

Who knows, they may it back overnight !

 

VXX still riding the top of that 1 min 900 hard...

 

Back above 50 now, and likely it starts to ramp up again...

 

may have just seen shakeout before launch

Bingo!

 

can't remember the last time VIX has been consistently at these high levels and holding it even with 10% rallies

That last hour candle looks rather bearish - for both SPX and NQ
Daily does not look too bad but that sell-off from highs during last hour tells us there are 

powerful participants who will get their way when they want to and today they wanted to sell a big 2-day rally

 

Who knows, they may it back overnight !

Ended up nearly identical to Oct 30/31 1929, with 2nd stick finishing in the middle of the range.

Now we see if we get a retest of lows over next 6-7 trading days....

If we instead consolidate sideways over next few days, then perhaps no retest of the low.

Edited by K Wave, 25 March 2020 - 03:15 PM.

 

 

 

 

As long as VIX still stays at highs the market is not out of the woods and re-rest of lows is almost a sure thing...................

note VXX has collapsed

 

VXX trying to gain a foothold back above 1 min 900 right now...

 

IF it turns back up here shortly, could see sizable move back up for a bit.

 

 

VXX is up almost 6% today .............

 

and, my friend, you do know what that means in an up market imply? 

Lots of people jumping in to the market and they may get a 5 to 10% up from here but as it gets nearer to SPX 2600/2700 it gets riskier

 

Many are taking profits on the calls they bought before the market surge yesterday, that could cause VIX going up.  Also, loading on puts in large volumes for speculation or for hedging stocks also could do the same thing.  Some did not wait for the congress announcement and took the profits in the last 30 min before close today.  That should have released some pressure for selling, that is healthy for the market................ 

Edited by redfoliage2, 25 March 2020 - 03:19 PM.

Unemployment report out tomorrow.

Unemployment report out tomorrow.

Could be 50% unemployed due to the closing of businesses, if it's lower than 50% the market will rally. .......................

Edited by redfoliage2, 25 March 2020 - 05:20 PM.

 

Unemployment report out tomorrow.

Could be 50% unemployed due to the closing of businesses, but currently the employment numbers are meaningless........................

 

Not if they shock the market. 

Bear markets do not end in optimism; they end in despair.