THIS IS AN AWFUL NEWS FOR MY BEAR FRIENDS HERE. I warned against staying short it in my previous two posts during the trading hours before close and gave logic reasons for it. I had to get out of my short position during the day before close. Things did not smell right! I went LONG at the end of the day as my previous post shows. Those who jumped off the speeding train full of bears as I suggested can breath a relief, but I doubt anyone gives a damn what I do LOL cos everyone thinks i'm stupid HAHA:)..I don't care:)
Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions as you may lose all your money...and.. although my name says so, I am not from the future and don't know the future. I may or may not hold positions in symbols I talk about. I may change my mind and not tell you because posting stuff is not my priority. I just post things for fun based on what I've learned and that may be incorrect. Seek help from a REAL certified financial adviser (NOT who I am - I'm nobody) for your investment or trading decisions involving real money .
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I AM STILL A BEAR. I JUST HID FOR NOW. I WILL ATTACK THE BULLS WHEN THEY THE LEAST EXPECT IT:)
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I DRESSED UP AS A BULL AND WENT LONG SO THEY CAN'T SEE ME WHEN I'M READY TO ATTACK AGAIN:)
Likely the final bull trap. No RSI strength. Volume too low for a breakout.
I_AM_FROM_THE_FUTURE
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@supere, probably yeah..it tried to break out many times before to see what's up out there...now after it takes a good look it will realize nothing there and will pull back.
@supere, yeah..chinwildman is good..I have my resistance there too..the 5th wave hits the top of parallel to support resistance. But be careful this may also be just a point where it only pulls back a little...watch ur account my friend, sometimes hope can lead to ruin. I do either spxs or spxl just try to guess direction..if I see I'm wrong, I get out reverse trade and try to not have regretts. Dont want to feel emotionally attached to anything even the money.
I_AM_FROM_THE_FUTURE
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@supere, it is pulling back fast..it may open not much higher in the morning. 2953 now..was 2971.
supere
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@I_AM_FROM_THE_FUTURE, Yes, now we need to see if the drop continues by morning or if it rallies again. My calculations show that the next big drop will be 400+ pts, taking us to the 200WMA (at 2550) or below. If you've read my vix posts, I see the potential for it to hit 60+ in the weeks to come.
I_AM_FROM_THE_FUTURE
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@supere, yes..I agree with your targets. I should load up on vix..do u buy the TVIX or options?
I_AM_FROM_THE_FUTURE
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The breakout is a big suspect
CodedFlow
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@I_AM_FROM_THE_FUTURE, you got it. there is ZERO shadow of this move in other markets ! zero !