Wednesday, February 22, 2017

A large gap down is not out of the question

We have a good setup for an island top here, gapping down overnight on the S&P as low as 2340, bouncing, and continuing south.



UVXY knows something is up.

SPX 2Y

6 comments:

Bryan Franco said...

Agree about UVXY. But seem to think we need another new high after next 1-3% decline. Based on momentum.

Hugh Jazole said...

BPSPX in nosebleed territory. Only one way to go.

Christian Gustafson said...

Remember this day, boys.

Remember this day.

Hugh Jazole said...

Are the big boys going to pull the ole Friday flush routine?

Christian Gustafson said...

Good question.

I'm looking ahead to McHugh's next phi mate turn date. I have some interesting fib math that might work out from there.

Hugh Jazole said...

Highly recommended book, from Charles Darwin's grandson. Audio version here.

https://archive.org/details/TheNextMillionYears/The+Next+Million+Years+Chapter+00+PREFACE.mp3