That’s why I think it’s good to keep track of all FPs and when they were hit so we can start to find the patterns. This one is looking clearer — it was the OPEX pin. I’ll see next OPEX if we get a similar FP. I think they usually do this.
The SPY 132.50 false print could have been the OPEX pin target and was valid. I’ll make a note of it on my blog to spot the pattern if it turns out to be true. Maybe we always get a FP to give the pin.
it is a sell the market set up.! vix is now outside the lower bollinger on the daily. a close below the band sets up for III in the market next week. we are finishing off a countertrend II wave today……
The alternative explanation was that uptick FP was a “buy all dips” signal. Let’s see how next week plays out. Sometimes uptick FPs are buy signals.
The good news is that often an upticked FP is actually a sell level. So not only is this an OPEX pin, it’s also a level to sell.
That’s why I think it’s good to keep track of all FPs and when they were hit so we can start to find the patterns. This one is looking clearer — it was the OPEX pin. I’ll see next OPEX if we get a similar FP. I think they usually do this.
Yeah, it looks like it headed there now for sure! What total B.S.! All time lows on the VIX! This is really manipulated!
The SPY 132.50 false print could have been the OPEX pin target and was valid. I’ll make a note of it on my blog to spot the pattern if it turns out to be true. Maybe we always get a FP to give the pin.
red,
it is a sell the market set up.! vix is now outside the lower bollinger on the daily. a close below the band sets up for III in the market next week. we are finishing off a countertrend II wave today……
This is one insane market! The vix is just getting wacked!
Goog Descending Triangle breakdown: http://niftychartsandpatterns.blogspot.com/2011/04/google-breakdown-from-descending.html
I got it…. I sent you one back.
Hey Red, sent you an email.