XHB monthly looks like a H&S and forming rounding top.

Right ?!?

Looks like we may have gotten that higher low I was expecting....up to 2970 is the upside target for my next short !  Also watching to see if GLD holds 140.79.  I'm long Dec calls and Short Sept puts.

Given all the negativity on CNBC the only sure thing is we'll rally further on pain trade ... pick up the GLD and SLV pieces if and as they drop.

Ha!  Probably get a higher low in the am, then rally higher maybe all the way to the 61.8 around 2970,  if not tomorrow then on Monday ... followed by a sharp ass drop.  Let's C.

Sold my spy system long options at 2925 and 2930.  Looking like a double top  unless it bounces now.  Gold spiking at same time.  Let's C.

In that case i'll take that 1st position now. Thanks!

Giddiyup to 2930 SnP - Gonna short it there.

Looks like we're going straight to 2925 ?

Looking forward to the live charts on the website Matt !  Should be members only.

Nice chart...I'd like to see the same for GLD.... especially on any lower gaps where we all should back up the truck.

Any thoughts on positioning ahead of tomorrow's roller coaster ? 

Thanks, I like the look..gonna take a nibble.  Pun intended.

lolz

3 o clock rally 

Thanks...was just making sure.

Assuming this will be a long SPY trade if it triggers ?

hope it makes it back to 63ish for better short.

Matt - That gaps post was $$$... I did not even see that gap close but took profits none the less as that was my target.  I agree that a bounce is in order.  If we drop further in am, I'll double down on longs but ONLY for a trade as you know China will retaliate soon... i'm hoping this trading roller coaster keeps paying big bucks, no wammies !  Steve no one has to ride the SWINGS if they don't wanna since news can TRUMP any trump ;) Sometimes when the geo/political plays align with the technicals, massive moves happens.  Gold and metals are over bought so I'm short short term and long long term (GLD, DIS and SHOP are where I'll be backing up the truck as we come down).  Good news letter, you make me feel like Nostradamus...probably means it's time to move the 401k to cash and on any bounce tomorrow or Monday, that's exactly what I'm going to do.  You guys ROCK !

SOX getting killed