9/23/15 turn date was a few days late…stable through October and collapse November is how I’m reading it. Not sure they could hold it together for a month, but will see. As stated in prior posts. Long Gold, Oil and playing Fear(VIX) positions. By the way, I think the Janet’s speech last night was a significant sign we are in a “Clear and Present Danger” stage of the financial game. Unfortunately, I believe she has suffered from a nervous breakdown from the stress..BE VERY CAREFUL.
I should have said “The 200 MA” that 60 minute chart of the SPX, which is around 1980 today, but falling. So tomorrow it could be 1970-1975 SPX. That’s the actual level I’m looking to be hit. But after it’s hit (or close to being hit) I do expect the market to roll back down and continue down into Friday. So yes, I’m still bearish for this weeks’ close.
For me it’s more about the time of day, the TA setup, falling and rising trendlines, etc… and less about that actual price level. Level’s rise and fall as time passes, so calling an exact level is tough. I’ll just say that “if” we gap up tomorrow and hit one of my many trendlines (and the other TA agrees… like overbought MACD’s, Sto’s, etc…) I’d look to short it regardless of what level it’s at.
For example, I see another falling trendline the SPY right now that’s coming in around 195.50 but could be around 195 even by the open tomorrow. That’s only about 1950-1955 SPX, and if we gap up to that level and the other TA stuff shows overbought I’d short from that area.
Meaning… I’m not waiting on some hit of the 200 MA tomorrow. The TA’s will tell me to short when they line up, and I’ll short no matter what the level is at.
Right now they are desperate to save yesterdays low at 1929. So far the low has been 1932. If they can’t hold us over 1930, we will indeed be visiting 1913.
9/23/15 turn date was a few days late…stable through October and collapse November is how I’m reading it. Not sure they could hold it together for a month, but will see. As stated in prior posts. Long Gold, Oil and playing Fear(VIX) positions. By the way, I think the Janet’s speech last night was a significant sign we are in a “Clear and Present Danger” stage of the financial game. Unfortunately, I believe she has suffered from a nervous breakdown from the stress..BE VERY CAREFUL.
sure. I sold since Gold can’t exceed 1165. Will reenter again.
Those gold stocks are certainly going to explode once we see the stock market crash big time next year.
sold for quick lunch money.
ES Futures Morning Update: September 24th, 2015: http://screencast.com/t/2c1cvkWCL
Every day
I should have said “The 200 MA” that 60 minute chart of the SPX, which is around 1980 today, but falling. So tomorrow it could be 1970-1975 SPX. That’s the actual level I’m looking to be hit. But after it’s hit (or close to being hit) I do expect the market to roll back down and continue down into Friday. So yes, I’m still bearish for this weeks’ close.
For me it’s more about the time of day, the TA setup, falling and rising trendlines, etc… and less about that actual price level. Level’s rise and fall as time passes, so calling an exact level is tough. I’ll just say that “if” we gap up tomorrow and hit one of my many trendlines (and the other TA agrees… like overbought MACD’s, Sto’s, etc…) I’d look to short it regardless of what level it’s at.
For example, I see another falling trendline the SPY right now that’s coming in around 195.50 but could be around 195 even by the open tomorrow. That’s only about 1950-1955 SPX, and if we gap up to that level and the other TA stuff shows overbought I’d short from that area.
Meaning… I’m not waiting on some hit of the 200 MA tomorrow. The TA’s will tell me to short when they line up, and I’ll short no matter what the level is at.
Right now they are desperate to save yesterdays low at 1929. So far the low has been 1932. If they can’t hold us over 1930, we will indeed be visiting 1913.
copy.
I took NUGT for a quick trade. I have the feeling before end of Oct she will be trading at ~15-20.
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