I posted a few days ago that my IT signal is flashing a reversal pending confirmation. It was confirmed by the close yesterday. I expect to see an IT correction running for the next few weeks.
Edited by redfoliage2, 25 October 2017 - 08:26 AM.
Posted 25 October 2017 - 08:23 AM
I posted a few days ago that my IT signal is flashing a reversal pending confirmation. It was confirmed by the close yesterday. I expect to see an IT correction running for the next few weeks.
Edited by redfoliage2, 25 October 2017 - 08:26 AM.
Posted 25 October 2017 - 08:50 AM
What would be the STOP for this IT position ?
Posted 25 October 2017 - 10:14 AM
What would be the STOP for this IT position ?
I'm short ES and I chose not to use stop with this IT signal. Instead I use ES options to hedge.
Posted 25 October 2017 - 10:45 AM
What would be the STOP for this IT position ?
I'm short ES and I chose not to use stop with this IT signal. Instead I use ES options to hedge.
Fair enough
Posted 25 October 2017 - 10:59 AM
IT signal bearish does not mean that the market cannot have ST and VST bounces. IT signal is for swing trades.
Edited by redfoliage2, 25 October 2017 - 11:01 AM.
Posted 25 October 2017 - 11:02 AM
VST signal just turned to Neutral and we may have seen the LOD.
Posted 25 October 2017 - 11:06 AM
I'm thinking 2495/98 SPX by Nov 9. Friday looks to close gap at 2569.
Posted 25 October 2017 - 11:43 AM
Negative divergences showed up on the intra-day SPX charts, meaning a bounce is in the offer for the afternoon. I expect some shorts will start to cover for two big events: House voting for budget tomorrow and ECB meeting overnight.
Edited by redfoliage2, 25 October 2017 - 11:44 AM.
Posted 25 October 2017 - 11:48 AM
Expect a relief rally tomorrow if the House passes the budget tomorrow:
http://www.politico....schedule-244071