back to range low. I'm neutral until range is broken on either side.
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So far the noon time-signal has not brought much. Denali92 - are you shorting today? I've got a teeny weeny short position, but it's kind of negligible...
First, I replied to you late yesterday - did you see it? That explains my approach.
Second, I rarely ever reveal my positioning - partly as I do not want my attempt at objective historical analysis to be polluted with my positional views. Also, I have a deep historical database that helps me manage any positions that I might put on - so I do NOT want anyone trying to follow me as it may end up badly for them - particularly as I trade the futures 24 x 5.5 so my positioning does fluctuate quite a bit.
Third, we got a confirmed hourly sell signal at 11:30am. The signal is still active as we are MFI OB - though the RSI has slipped from 78 to 70 on the last closed hourly bar.
Wanted to get your thoughts about turns. looks like SPX wants to hit 1970 /72 are before it turns. Have you deployed your
1st installment of shorts. I have and waiting for higher price for next set.
For countertrend only, I see negative divergence on daily and if we close right about here we will get black bar spinning top candle. well, just for fun....I am hit the river the real quiet one not the one Dr. Al go to. Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x wrote:For countertrend only, I see negative divergence on daily and if we close right about here we will get black bar spinning top candle. well, just for fun....I am hit the river the real quiet one not the one Dr. Al go to. Peace!
Oh cripes, now my cat is stuck. What should I do now boss?
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
May be good for scalping few Pennies
Shorting this market is not fun at all. FYI,I don't trade setup like this;these produce too much hormonal dis-balance.
1% gain in UVXY, 0% in SPXL since posting. Improving MACD suggests lack of power in down pressure.
Last edited by FlowerGirl on Fri Jun 20, 2014 3:03 pm, edited 1 time in total.
this market has Zen,
it is like waiting at the petrol station behind an old zen lady
i think janet is playig now ...
4mln @ $195.60 built already, i'm short so i'd like to see it carries through down to mrmiyagi pin bar @194.76 (3mln block trades as well) or we will bounce and rally fiils up the gap?