couldn't help myself. I just shorted more. I think that VIX print was just directional. 1090 should provide resistance. SHould – if it doesn't I close my position.
Looks like the market successfully gaped out of that channel on the 60 minute chart this morning. It will need 2 closes above the line to confirm it. That means this first candle that ends at 10:30am, and a second candle at 11:30am.
It's already confirmed a close outside the 15 minute chart from yesterday. My guess it that it will walk down the top trendline on this falling channel, and close just above it at the EOD.
Then use it as a springboard to bounce up from into Friday, and possibly take out the 1090 resistance on light volume, as all the traders leave for the holiday weekend.
June S&P E-mini Futures: Today's range estimate is 1075-1100. I think the low at 1036.75 ended the drop from 1216. I expect to see a series of 20-30 point swings up and down within the 1060-1100 range over the next few days. Once the market stabilizes a move to 1300 will begin.
1055.50 – 1192 range last night (36.50 points) 1075-1100 estimate for today (25 points) average actual range last 10 days has been 26.8 points
1088 currently, so estimate is -13 to +12 from here (neutral)
don't think so anna. The vix could get to 24 but don't think we are getting much higher on the spy.
Anna, how can you tell with no volume on it? Just because it's outside the normal perimeters?
I'm the markets' favorite whipping post…
Monica ut oh…. I totally believe we see that 24.1 on VIX soon just be careful you wild woman!
It will and go up to my target of 1140 or so inverse H&S on 15 min
Poor thang you must be hurting 🙁
couldn't help myself. I just shorted more. I think that VIX print was just directional. 1090 should provide resistance. SHould – if it doesn't I close my position.
Looks like the market successfully gaped out of that channel on the 60 minute chart this morning. It will need 2 closes above the line to confirm it. That means this first candle that ends at 10:30am, and a second candle at 11:30am.
http://stockcharts.com/def/servlet/Favorites.CS…
It's already confirmed a close outside the 15 minute chart from yesterday. My guess it that it will walk down the top trendline on this falling channel, and close just above it at the EOD.
Then use it as a springboard to bounce up from into Friday, and possibly take out the 1090 resistance on light volume, as all the traders leave for the holiday weekend.
Carl’s morning call:
June S&P E-mini Futures: Today's range estimate is 1075-1100. I think the low at 1036.75 ended the drop from 1216. I expect to see a series of 20-30 point swings up and down within the 1060-1100 range over the next few days. Once the market stabilizes a move to 1300 will begin.
1055.50 – 1192 range last night (36.50 points)
1075-1100 estimate for today (25 points)
average actual range last 10 days has been 26.8 points
1088 currently, so estimate is -13 to +12 from here (neutral)
Rip, remember I saw the print on it yesterday at 24.10. I will add to my shorts if it gets there and the spx is around 1090.
red, I THINK the volume on that falsie makes it a real falsie 🙂