Same for me, long and strong and see what happens when we break up towards 3600.
No writeup today, get running a bit late to get these to you guys by market open.
Market not doing a whole lot as VIX continue to take a beating. This is good for the longs, and indicates more mean reversion, likely in the direction of this overall trend (up on my timeframe).
Expecting a pretty tight range today. I will be a buyer!
We finally got to 3600, but it was right when the market opened overnight, so it did so without me. Caution, lots of news concerning vaccines coming out.
Same old theory. Long and strong in the direction of the trend. Waiting on 3600
Volatility contraction is what we are seeing here. I would expect this market to continue to bleed higher towards 3600.
I'm looking to buy dips for a ride to 3600. VIX is getting crushed, options data is pointing to a mean reversion type trade. It's always better to trade these mean reversion type trades in the direction of the trend, which is long here.
Long here expecting some sort of bounce back towards 3590 or so where we broke down from.
VIX taking a beating again this morning, and I think this is once again, a long. It's friday and anything can happen still, but i'm seeing 99.5 percent sure that Biden has won the election.
Still a toss up and a market moving 250-300 points in either direction! Caution!
I won't take a directional stance here, it would just be a guess. What's important to understand here is that technical levels are pretty useless when the volatility comes in following the election. Good luck and enjoy the volatility!
Caution taking a directional stance before the election. I think Im going to get some popcorn and watch this unfold. I would expect a non directional wide range day with the big players unlikely to commit to one side or the other here.
Lengthy morning ideas today. I think it's very important to watch this and understand how to trade when volatility arises.
Flushout yesterday, I think its still wait and see. I'm thinking short until the market takes back 3425. Obviously, headlines and news could easily change things here.
Hard to short from the breakout area here, but the market clearly isn't loving the higher. We just can't push through 3450. As I said in the video, don't rush to jump in the market here, there will be PLENTY of opportunities coming soon. Election is next week and all hell is going to break loose after that. I would imagine we'd see lots of volatility...
Still long, sat through that flushout. Needs to get through here to push back into 3450. Now it's clearly accepting lower prices and that is not a good sign for the buyers.
Markets pushed out some weak buyers yesterday on the stimulus news. I expect the market to try and rebound today, and I will keep that stance until we start to accept lower prices.