06/27/2013 Live Update

[MrMiyagi]

aka "one for the road".

[joeynickels]

Just took another look on the 15 min chart and the closing red candle volume again was big. This has been the case for the previous 3 sessions since the uptrend started, and each time a gap up on the next day open...

[ALdaytrade]

So what level do you see this at in the SPX Mr. Miyagi?

It's just telling me that it has had its fill of climbing for now and that more likely than not a reversal is going to happen.
As for the reversals, the size and duration is never defined; it could be a big drop in the morning and flat after, another day of climbing, flat day altogether...
NYADV at 2600, that is 3 days in a row over 2300.
It is telling me to close longs and wait for another day.

Difficult to take a position when Canada is celebrating a birthday on Monday and is closed for business! So who can tell where we will be at the opening on July 2nd.

[TWT]

$SPX: Choppy price action usually means more business to the upside

[StudentBill]

Any XIV / VXX traders have thoughts on this?

http://vixandmore.blogspot.com/2013/06/ ... report.com

I wanted to take a VXX position tonight based some of my indicators but now I'm nervous. Not sure what this could do, if anything. VIX liquidation tomorrow or is this a non-factor?

[MrMiyagi]