PontusTrader

PontusTrader Updated 

Bearish for a couple of reasons, will cover them here and link to ideas that support. bearish ascending wedge coupled with long term upper resistance line attached links showing convergence of fib lines from 1972 to 2000s top and 2007 to 2009 low at current S&P500 price point debt ceiling fiasco in US this summer, could spell trouble like in July 2011...

PontusTrader

VIX index at historic lows, risk not being priced in / market haphazardly bullish

PontusTrader

Fib lines from 1974 drawn to 2000s tech bubble peak converges with fib lines drawn from 2007 peak to 2009 March low, at 1.618 and 2.0 respectively at current S&P500 price point

PontusTrader

bearish pattern ascending wedge fake break out

PontusTrader

Looks like a failed breakout attempt of the channel - downside more likely, successful retest possible.

PontusTrader

Significant price levels and points, perfect line up. Selling will continue far below the lower BBand, expect a rip to the upside after a heavy flush on DXY

PontusTrader

High odds reversal up here

PontusTrader

Will be surprised if it doesn't bounce off support channel at least once if it does intend to break below the channel.

PontusTrader

I would be surprised if it doesn't make a bounce attempt off the channel if it is destined to go lower.

PontusTrader

Chart, outside bollinger bands.

PontusTrader

Just some observations. Would imply dollar goes up and gold dies - right in time for a ECB and Japan or China rate cuts / other currency devaluations.

PontusTrader

Studying gold price behaviour, the weekly graph attached is what I see. Price is contained in a channel. On weekly price looks to have headed right into resistance. It could pop over it and continue but I think here it would be a good odds trade for some puts. In any case, there will be a nice gold shorting opportunity once price reaches the upper resistance...

PontusTrader

560 target before FEB 16 expiry (in 2 days as of today). FEB1 16 560 C at about 0.66 (avg bid/ask). Will be worth 1K on expiry if price closes at 570. YOLO, this is a good trade.

PontusTrader

Greedy bulls who are late to the long FB trade and stubborn bears who powered up this short cover momentum is the perfect opportunity for the smart money masters to harvest both sides. This thing is going down from here - this idea is here just as a record for myself. I am buying puts.

PontusTrader

Pivotal point today - dangerously close to rupturing that support and flushing us lower. Dotted blue line is key. I somehow don't think they'll let it break down like this during lunch time on July 1st, 2015...

PontusTrader

1. Upper resistance from channel 2. Price outside of daily bollinger band.

PontusTrader

UVXY bounces hard when candle price body is far outside lower daily bollinger bands. I am expecting a further drop to buy into for the reversal. Looking for candle to breach by 80% or more of body size outside lower bband.

PontusTrader

Two very strong resistance cues: (1) you have the former support turned resistance line (2) you do not have a lot of room for price to advance if it does poke through the resistance line Here is what I am looking for: (a) price to breach resistance line to the upside (b) price to pop aggressively above the upper daily bollinger band (c) harvesting of the late...