The Euro is pretty likely going to hit 1.1320 tomorrow at London open. This level might be not enough to stop it, and in that case 1.1240-50 should be next.
JI
jimkane
Rep: 3,058
Posts: 33,089
I totally 100% didn't get this read at all. The technicals said this was to be expected, and my 'gut' said no way. Like I tell students, do your reading aspects, and if, overall, it helps, keep doing it. If it detracts overall, stop doing it. No one is going to read it correctly every time. In total, I think it helps me quite a bit. In this case, I cut myself out of a spectacular potential opportunity.
JI
jimkane
Rep: 3,058
Posts: 33,089
This kind of stuff never ceases to amaze me.
http://www.zerohedge.com/news/2015-10-22/10y-yield-tumbles-200-stocks-stumble
http://www.zerohedge.com/news/2015-10-22/10y-yield-tumbles-200-stocks-stumble
JI
jimkane
Rep: 3,058
Posts: 33,089
Here's the link again that I posted before, to compare with what I just posted.
http://www.zerohedge.com/news/2015-10-22/fun-durr-mental-driver-todays-buying-panic-stocks
http://www.zerohedge.com/news/2015-10-22/fun-durr-mental-driver-todays-buying-panic-stocks
JI
jimkane
Rep: 3,058
Posts: 33,089
I expect it is most likely to just resume the uptrend now. If not, here's three levels I am watching.
42.24-43.75
46.50-47.00
50.25-.75
42.24-43.75
46.50-47.00
50.25-.75
JI
jimkane
Rep: 3,058
Posts: 33,089
This second area is a tough one, as is the third one. Two ticks here at 46.00 from 'center of area', so, it's there, and seeing it. This is fun stuff. Best case scenario is it pulls back a bit more then launches for the third area.
RA
rat89
Rep: 0
Posts: 7,015
the game is incredible...look where they stopped spy just now....tease? Or something bigger?
212.08 - 181.46 = .786 at 205.53
205.51 - 204.10 = .786 at 205.21
212.08 - 181.46 = .786 at 205.53
205.51 - 204.10 = .786 at 205.21
JI
jimkane
Rep: 3,058
Posts: 33,089
Best case scenario is set up, an ABCD to send it up. I am not convinced it's high odds, but let's see.
JI
jimkane
Rep: 3,058
Posts: 33,089
I'd love to hear move about that. That thing is trading say 27 now, but at its peak was 489,600. I'd say it's down a little. What is it leveraged to, like 100 to 1, when you convert from VIX futures to SPX?
Originally posted by rat89
I'm experimenting with using the spx/ spy triggers to trade uvxy, based on work that roofer did a while back. The damn thing will knock your socks off if you're wrong. It's an animal.
