james0577

james0577

Feeling that geopolitical risks are going to make the VXX pop a few more times before the election, looking at 258. I've been

james0577 Updated 

Seems to be a solid push to the bear side, a strong 38.2% retracement, could be ready to re-test the fake breakout a few days ago. Hoping we can get out of a consolidation pattern and pick a direction. I think this re-test will break out and hit the next level at 265

james0577 Updated 

this is a 38.2% retracement with a bull trap moving into 50% ready to snap

james0577

Bearish in short term, bullish long term.

james0577

the KC dropped below the BB line, and the squeeze is now in the red, looking for a sharp drop here. I placed 57DTE bear call spread risking 2 to make 1. I noticed this same pattern developing on the financial earlier this week (XLF), but hesitated and really wish I hadn't. So now its consumer staples turn. The yellow box indicates profit zone for the options

james0577

Some observations of weakness (i) overbought (ii) peaked squeeze indicator (iii) just recently tested a major resistance level and broke through

james0577

4 hour chart showing the the large pin formation sent me over the edge on this one. It almost looks to good to be true.

james0577

each gartley pattern was followed by a 78.6% retracement, we are at 50%, looking at 1.32000 for entry in the near future

james0577 Updated 

(i) 1,2,and 3 gartley's X:D consistently 1.25 and squeeze is consisent with the C:Ds 6 bar config (ii) Ichimoiku is in the cloud and testing the resistance side of a lower bound I think its going to squeeze at the Ichimoku level of the kumo