57chevy wrote:FWIW, if the opening gap is filled it's retracing AH sessions, not just one.
I think that may make the action a little more bearish. We shall see.
Thanks and welcome aboard!
I assume today's bar is a sign of top as well?
if no miracle in the last 15 minutes. nowadays we should always prepare for some miracle.
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not a strong rebound so far, assume no miracle in the last 13 minutes, then another reversal bar on the SPY daily chart we have.
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well, guess that's it for today. you all know my view for the market, don't you. so far goes exactly as planned. thank you guys, I'll see you tomorrow.
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fuddleduddle wrote:Cobra, better to end off green today or red? I think the edge is better for the bears if we end green given MLK week stats.
doesn't matter. clearly we can see 3 push up now. each is weaker than the previous one.
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Still hanging onto TVIX? I think it's finally safe to start a position at these levels.[/quote]
TVIX does look interesting here, VIX went above then closed below mid-boll band last Friday, today it is sitting right above, have noticed when the VIX goes above mid-BB, has a tendency to soon touch upper BB... somewhere around $25 on VIX...
Cobra wrote:not a strong rebound so far, assume no miracle in the last 13 minutes, then another reversal bar on the SPY daily chart we have.
Plan for gap down tomorrow?
don't know.
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