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

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6 comments:

  1. Bryan FrancoFebruary 23, 2017 at 6:02 AM

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

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  2. AnonymousFebruary 23, 2017 at 6:34 AM

    BPSPX in nosebleed territory. Only one way to go.

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  3. christiangustafsonFebruary 23, 2017 at 8:04 AM

    Remember this day, boys.

    Remember this day.

    ReplyDelete
  4. AnonymousFebruary 23, 2017 at 12:49 PM

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

    ReplyDelete
  5. christiangustafsonFebruary 23, 2017 at 12:55 PM

    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.

    ReplyDelete
  6. AnonymousFebruary 23, 2017 at 2:31 PM

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

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


    ReplyDelete

Always enjoy good conversation and exchange of ideas.