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NYAD bumping into the upper

Posted by timebandit on 7th of May 2021 at 11:10 am

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 the QQQs.

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

Posted by timebandit on 7th of May 2021 at 10:15 am

The trendline held QQQs up for a bit, but desire to fill the gap was stronger.

TLT nosing up out of

Posted by timebandit on 7th of May 2021 at 10:13 am

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 that.

This is Matt's 60-minute tick

Posted by timebandit on 6th of May 2021 at 01:47 pm

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 line.

I took a small long

Posted by timebandit on 5th of May 2021 at 04:12 pm

I took a small long position via SPY calls just before the close based on the $VIX buy signal.

Long the market.

VIX back inside the bands

Posted by timebandit on 5th of May 2021 at 02:06 pm

Long the market.

Does this work in reverse: push through the lower BB with volume, buy a bounce into resistance. Thinking about QQQ, in particular.

FB follow-up. Gap down was filled, so cannot form an island top.

110.74?Not sure this is the final print yet, but closed above 110 for now. Also have $VIX closing above the Bollinger band. $VIX: 19.23   Upper Band: 19.09

If $SPX continues strong into

Posted by timebandit on 4th of May 2021 at 03:56 pm

If $SPX continues strong into the close $VVIX may end below 110.

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

Posted by timebandit on 4th of May 2021 at 10:04 am

$RVX - Russel 2K Volatility broke out.

That would be an awesome

Proposal:

Posted by timebandit on 4th of May 2021 at 09:28 am

That would be an awesome learning opportunity, especially for anyone considering leasing the system on TradeStation.

FB looks like it is

Posted by timebandit on 4th of May 2021 at 09:03 am

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

Knock-knock. Who's there? CCJ

Posted by timebandit on 3rd of May 2021 at 12:43 pm

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

Posted by timebandit on 3rd of May 2021 at 10:55 am

ARKK Daily Chart- leaking water

Re-upping this view of $RVX

Posted by timebandit on 3rd of May 2021 at 09:41 am

Re-upping this view of $RVX - Russel 2K Volatility.

$RVX Daily

FB has four hours to

Posted by timebandit on 30th of Apr 2021 at 12:25 pm

FB has four hours to draw a more auspicious candle.

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