I cleaned things up by dropping the pivot lines, then I extended each days POC. If this doesn't look like a broad rounded top then I guess you could hope for a consolidation before breaking higher on year end retail trade, assuming they have any sideline money left. After all, we either need a new catalyst or we have to face the very real possibility of exhaustion. Small caps are a great example of longer term exhaustion.
UGAZ Reverse Split
PR Newswire — 6:10 PM ET 12/13/2017
-- Credit Suisse announced that it will implement a 1-for-10 reverse split of its 3x Long Natural Gas ETN ("UGAZ"), effective as of December 20, 2017.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:UGAZ Reverse Split
PR Newswire — 6:10 PM ET 12/13/2017
-- Credit Suisse announced that it will implement a 1-for-10 reverse split of its 3x Long Natural Gas ETN ("UGAZ"), effective as of December 20, 2017.
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So beyond my understanding is all the derivative holders positioning for the big expiration tomorrow, but I do know it makes today not normal. Also the volume overnight was really low. The reaction to the Fed release was non-existent.
I don't want to be the kids in the horror movie who ignore the car and instead hide in the shed filled with chain saws, but we have been in this creepy place where the markets look like they could turn down so very many times the last couple of years. And expecting a down turn has been a widow maker trade while being a lemming and buying the dip has been pure genius, and it will continue to be, until it isn't. So far today is an isn't. But Pasta Boss's reference to the Hirsch seasonal charts clearly show that we should feel hesitant and concerned right now because it is the dark before the December rally.
Trades with cats wrote:..........I don't want to be the kids in the horror movie who ignore the car and instead hide in the shed filled with chain saws
But Pasta Boss's reference to the Hirsch seasonal charts clearly show that we should feel hesitant and concerned right now because it is the dark before the December rally.
100% mm, so maybe the pullback will have small legs.
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be careful on RUT nears 20d/50d confluence.. it goes.. will get ugly fast… VIXes still red.. bonds nHOD take out yHOD.. careful
candles weaken… RUT <20d.. 50d next.. if "AAPL" cracks 4day support NDX/COMPQ/TRANS outside reversals -ish at these levels VIXes weak.. red still no fear