Here are a few short

    Posted by McFly1985 on 17th of Dec 2018 at 08:57 pm

    Here are a few short ideas. WARNING:  I'm with Matt in thinking that a bottom may be near. However, if you are a day trader and would like a few ideas that could move if we sell off again, then perhaps you'll find a few of these useful. I'm also in the habit of buying failed breakdowns above support when they don't follow through, since that has been happening a lot lately.  As such, trade at your own risk! My links aren't working for some reason, so here are just the charts:

    Very nice charts.  I'll be

    Posted by deep on 18th of Dec 2018 at 12:46 am

    Very nice charts.  I'll be shorting a couple of these on strength tomorrow but can't chase these down.  With the media now starting to get negative and the VIX now starting to get some juice (starting is key word) and the overall picture looking so ripe for a sustained bounce (it's certainly coming but could be 2 weeks out) it seems to me that most are expecting too much from the Fed.  In my opinion, the only thing that starts a sustainable uptrend now is NO HIKE - If we get that then there's your trigger.  Hike plus a million doves however may be very short lived.  Remember the initial move (30 mins to 2 hrs) after Fed is likely the opposite for the next day (or 2) anyway.  Seems like max pain would be to catch long chasers and pummel into year end and get the VIx up to where it belongs.

    Thanks, Matt! I might just

    Posted by McFly1985 on 18th of Dec 2018 at 09:54 am

    Thanks, Matt! I might just sit out tomorrow entirely, since I tend not to do well on Fed days. I might sit there with my finger on the buy trigger in case of no rate hike though. That sounds like a bit of fun.

    NICE charts!  thx for sharing as

    Posted by matt on 17th of Dec 2018 at 10:40 pm

    NICE charts!  thx for sharing

    as far as a low in the market, I would love a doji candle tomorrow, get another probe lower in the morning then reverse. 

    for a bottom I would have preferred to see the Feb low undercut by more than 1 point on the SPX. Plus that 1:1 ABC target isnt't very far away now, could honestly be achieved in a day 

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