27 5 3
see chart for notes. Last October was the little sister to ( potential) this ABCD structure. The timing of the 200/50 MA cross over is almost exact to last October's. Everything lines up, just bigger this time. But, EVERYTHING depends on the FOMC rate decision, as to whether this completes as shown OR NOT.
watching TLT and GLD also, to see how they are trading, with the vxx for now.
I will add, if the market is so sure 75% the fed is NOT going to raise, why are we not up this week big time? Mmmmmmmmmmm. equals volatility to me.
Trance-Man claydoctor
SPY near 200, will it not make it through, jees, not sure what to do here, should I avg down on VXX calls?
Where do you think VXX goes today? Nice points, thanks!
claydoctor PRO Trance-Man
If I knew for sure, I would not have to trade anymore, but... when I see the vix up and markets actually up a bit, I see that as a worried market, getting more anxious before the fed decision. I think the big money is trying to take positions, to be right, when they are also trying their best to get inside info on which way this will go. so I bought some more vxx today at the low of this morning's trades.
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