My 1 month target for the Q's is 135.32. I would also be looking at short SPY and long the VIX. Things are setting up nicely for a pretty steep market drop. I'll be updating teh Q's, SPY, and the sexy VIXens. Here's the Q's.
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While you could be right, July since the 2009 lows has been a buying opportunity over a drop. August has been the month we see more pullbacks. If we do get a July high your setup could happen. It´s all guessing and mostly bs. https://www.tradingview.com/x/w8MU1Rvo/
Looking at old vix, VXO, the last three times it was this low 3-4 months later it rallied. May, June, July, August drop? https://www.tradingview.com/x/tSgdvhVf/
https://www.tradingview.com/x/LHRchqn1/
https://www.tradingview.com/x/EAQUeeYd/
Next week is the week before opex, which can see a thursday friday low and
it´s contract rollover where the sept contract will be the lead month contract. Price tends to rally into opex, and FOMC is the same week as opex. FOMC weeks tend to rally into FOMC. Fed does nothing, then the next FOMC is July 26th. This week is NFP, where price tends to have an upside bias into Friday. After NFP on Friday AM it´s anyone´s guess.
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That's why you will have to see my VIX buy call when I issue it. I will show you how to extend June expeeery out by 3 trading days. That way you "lock in" June options expeeery Fri as the potential "black" Fri and still gain the chance for the follow thru to the next Mon...which certainly will be a blue one. Right now I do not want to see the major indicies fall out of bed tho. Not yet anyway as it would delay things a bit.
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2400 is a big psy number, break it and we have 2378 and 2345. If there is support 2393-2400, could rally and break highs. Today was pretty much a non event.
ES https://www.tradingview.com/x/ijwjrAGx/
NQ is on crack. shorting it has been dangerous since the Nov lows. It reminds me of trading the Dax
https://www.tradingview.com/x/fspdOtw2/
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Well SPY 234.74 has already been established as a target low. And it doesn't even show up on this chart becuz it was actually set in PM trading on the Th after the low on the chart was set. That low is "assured." It's just a matter of 'when." The ultimate target is actually the low that was set overnight on election night, Nov 8, 2016, as the compooterized trading wizerds realized >>> "Oh shit! Trumpf really got in! We're fukked!" and they dumped all over themselves down to SPY 195.00 spot ded on around midnight.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=spy&x=48&y=22&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
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As long as the March low (2317.75) holds as support on a weekly close the ES can trade higher. The November lows have been a target for many. I am thinking which is dangerous we could see some sort of drop end of July or August. Iam probably wrong.
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Looking good for "turn day" today.
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Is it or is it more like a new break out bull run higher?
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@cantfightthefed and can´t outspend the PPT who has unlimited money to buy every little pullback.
The day the PPT does not step up and buy will get ugly, but until that day comes, could see a summer grind.
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It "looks liek" it's all about the big boys. You "probly" didn't notice. But even as teh tech heavy Naz was signaling to wait teh SPX still looks like shit. I haven't made any change to my assessment that it was potentiallly "the" high. I do "know" today's high in the Q's "should" go bye bye. I can even give you the eggzact numba it will trade through. Do you have plenty of room for tattoos? This numba will be one you don't want to forget. :-)
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=qqq&x=47&y=21&time=3&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
They can't "unwind" shit like this in 1 day so you may as well have fun watching something else. I'm getting close to an "add to" in my GBTC short. This crap is like video games to me. Soooo fukkin easy. :-0
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Oh, the SPX
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=spx&x=44&y=19&time=3&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
Meanwhile ShitThebed is trying to come up with excuses about why he got caught in another gapdown move. Trade Bananrino for the short term calls and ShitThebed for the trades you can look at like they are your piggy bank. Just trade opposite of ANY play ShitTheBed starts spewing about as a great buy...hold...go to the bank when you need more cash for anotehr trade. Am I making this shit easy enuff for you yet? :O
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Ooops! Got you confused with anotehr guy I am spewing with. Ignore all that last babble but the content about the general market is true. Won't get new short entries today in eitehr the Q's or SPY or long the VIXens. You can actually look at UVXY to 11.50-12.00 as an area to "rejigger" short positions. If it gets there. I'll probly spew my trades at one of these boards now that you are here.
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I just added a hundo short to my GBTC holdings. You need to spew something here if you want me to continue posting trades for teh Joe vs Schmoe competition. Then I will post the trades there. I don't want to clutter up my boreds with a shitload of spews. Posting is easy. Tell everyone here why you think Tessie is sexy. I'll tell ya whenst the next round of dieting begins.
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