ProfitHarvest
Short

[SPX] Support Cross Imminent! Good Luck Tomorrow Papa Powell

SPCFD:SPX   S&P 500 Index
Boy am I glad my portfolio doesn't depend on Papa Powell delivering an optimistic report tomorrow.

No doubt the spin will dominate but pop should fade quick. Hard to find sustaining good news and optimistic data these days.

Gonna sleep peacefully tonight unlike the perma Bulls out there haha.

That high ADX cross with fast dropping ROC and dipping DPO is strong sell.

RSI on track to drop below long term uptrend channel and follow RVI, strong sell.

DMI holding steady, ready for a downswing.

MACD holding steady for the cross with lots of room for a downswing.

I reupped my shorts ~15% today right before close.

TVIX and VIX both increased 20% while SPX traded sideways lol.

Wait till this thing goes down even a little!

TRADER ASSIST NEEDED:
Still can't pin down this damn TRIN, it's bouncing around everywhere even now 1.5 hours after close. Currently at 2 but I've seen it from .33 up to 3.5 lol.

If it holds at 2 then that's very bearish .

Also the indicator doesn't match the actual data which is confusing as hell:
https://www.barchart.com/stocks/quotes/$...

It's been at medium Buy all day long, ~.42 and now flip to 2 after close? But data shows 1.7 all day. So weird.

Any insight helpful!
Comment: So far so good!

Let see if we get the disappearing act tomorrow or if we have to wait another week.
Comment: Nailed it haha, lets see if we can get a complete disappear within the circle :).
Comment: Halfway there!
Comment: Stopped right at predicted resistance!

Comments

great work
+1 Reply
@ProfitHarvest if the TRIN closes at or above 2.0, we usually have an up day rally the following day. Sometimes can be an indicator ahead of gapping up open even. Not the case here, but idk, I still think that bouncing around at the end is yet another sign the surges of Big Money selling going on at specific times
+1 Reply
ProfitHarvest farmerisland
@farmerisland, Got it, lets see how it plays out tomorrow.
Reply
Yes I closed shorts into AM gap, rolled back in the PM retrace, 25% position atm.
+1 Reply
ProfitHarvest DaddySawbucks
@DaddySawbucks, Nice, we're on par here!
Reply
spx put volume up, vix and vvix up while spx goes sideways.

something's a-comin'.

good luck.
+1 Reply
ProfitHarvest tuparkshakur
@tuparkshakur, Yea man, things are crazy. Lots of shit in the pipeline to trudge through.

"VIX back up and closed above long term support. Now same value as people who bought early May and late May when SPX was 2950 and 3015 respectively (now 3200 but VIX worth same? Some bull run we have here)"



VIX at SPX 2950 = VIX at SPX 3200... something not adding up here!
+1 Reply
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