3309 Drysdale Ct
Edwardsville, IL 62025
NYAD bumping into the upper band. Doesn't mean there has to be a
pullback. I see it more of a heads up. Yesterday, NAAD was bumping
into the lower band, so I started watching for a good long setup on
There is always a "reason" why the markets do what they do,. In
fact, there are a bucketful of "reasons", and they'll be
trotted out after the fact by pundits. The market has its own laws
of physics and doesn't share them. It's like quantum physics -- too
weird to understand. The market will do what it's going to do.
Stick to technicals and high probability setups. Set stops to
preserve capital and leave the quantum stuff alone or it will drive
you crazy (and empty your trading account).
The trendline held QQQs up for a bit, but desire to fill the gap
TLT nosing up out of the coil on Matt's chart
Sold this position end of day today. Missed the last few minutes
of the ramp because I had a lot going on and couldn't focus. Still
holding QQQ calls bought at the double bottom earlier today. Hoping
the employment reports tomorrow morning don't make me regret
This is Matt's 60-minute tick chart from below, which has been
very helpful. $SPX bounced up to the area it couldn't break through
yesterday and has been moving sideways. I drew a triangle pattern.
The upper line is right overhead. We'll see if it can try again to
bust through or if it reverses down to test the bottom triangle
I took a small long position via SPY calls just before the close
based on the $VIX buy signal.
Long the market.
Does this work in reverse: push through the lower BB with
volume, buy a bounce into resistance. Thinking about QQQ, in
FB follow-up. Gap down was filled, so cannot form an island
110.74?Not sure this is the final print yet, but
closed above 110 for now. Also have $VIX closing above the
Upper Band: 19.09
If $SPX continues strong into the close $VVIX may end below
IWM Hourly Chart- dropped back into the triangle. Could have a
date with the lower bar. We'll have to see, and the route it might
take if it does get there.
$RVX - Russel 2K Volatility broke out.
That would be an awesome learning opportunity, especially for
anyone considering leasing the system on TradeStation.
FB looks like it is going to gap down $3. If that plays out and
the gap holds (which we won't know until the market closes), it
will create an island top.
Follow up on CCJ, which broke out of the triangle today.
Taking another run at the 200 ma on the monthly.
ARKK Daily Chart- leaking water
Re-upping this view of $RVX - Russel 2K Volatility.
FB has four hours to draw a more auspicious candle.
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