I totally agree. I would love for it to bounce so I can buy some more shorts.

Night, night.  Sweet dreams..

No problem, Matt. Thanks for continuing to improve the service!

Alternative view, could be retesting the break of the channel line. 

Thanks, Matt

MATT, FDX is double topping. Are you out or waiting for another bounce (MACD pattern). Thanks.

Helpful reminder. Thanks. I’m not sure what to do with the seasonal pattern that suggests upward bias for 2 weeks then lower by end of October.  Swing both sides?

Yes!  STEVE, are you implying a 3-5 flat suspected?

They don’t do stop losses. They have first, second, and third entires ( occasionally) and they buy twice as much at second entry, 3x on third entry. Their system is very effective if you take all of the trades, not so much if you just take the ones you want. Hope that helps. 

If I remember correctly, the short version is If $VVIX CLOSES above 110, it usually leads to a decline in the market. Someone correct me if I am wrong. 

Third assault on the neckline. Does that favor the ice cracking this time?

Fundamentalvalues, thanks for your generous sharing of your views and approach as we go along. 

I need some wisdom from some of you who have more experience than I do. How do you manage your investments and hedges when you think you know your overall direction ( down) but the immediate direction appears to be reversing (up). Do you hold all of your bear trades and add hedges, ignore the portfolio balance, and try to make money on both trades, or do you trim your bear portfolio when we get a reversal?  Just a procedural issue that I have been struggling with and need some help. Thanks. 

3666, , 3657, or 3637?  We are certainly down in the neighborhood of last low, but does closing or intraday low count?

Thanks for sharing your expertise, DigiNomad! We really have an eclectic group here, many with years of experience in the field and/or areas of special interest and specialization. I am just a medical doctor still making amateur mistakes in trading, but learning from all of you!

Been there. Done that. My thoughts are with you. 

That’s what I was seeing Thanks!

mla127, so what I see is a lower high coming before a lower low. Am I reading like you are?  Thanks 

MATT, might a reasonable target be 3888 (about the bounce of the mouth of the original triangle AND closes the gap). Thanks for your critique!

Thank you, DigiNomad, for the benefit of your experience.