Goldtent TA Paradise

UVXY…

1. Odd Job says:

   August 23, 2017 - 5:14 am at 5:14 am

   Thanks ES yes I can see this bouncing again soon.

2. pedro_deleon says:

   August 23, 2017 - 10:24 am at 10:24 am

   Same.
   Pretzel Logic’s EW count has ABC completed for the spx bull count at last low.
   OR … we’re nesting down with a 1,2 1,2 for a large decline. (UVXY to fly.)
   I’m leaning strongly toward the latter, with a trigger Friday or Monday.
   Unfinished upside for spx first.

   • EagleSeagle says:

     August 23, 2017 - 10:45 am at 10:45 am

     Thanks, your input is always appreciated…best

     • pedro_deleon says:

       August 23, 2017 - 10:57 am at 10:57 am

       Just ran a scan on the indicator setups consistent with this bearish spx call.
       Interestingly, it pulls in the major PM etfs as well.
       We could see our breakout over 1300 at the same time.

       • EagleSeagle says:

         August 23, 2017 - 11:14 am at 11:14 am

         Ok, waiting for a positive divergence setup on NUGT…

3. JenkinsLane says:

   August 23, 2017 - 1:49 pm at 1:49 pm

   As of now, I’m looking for $VIX to rise again, pattern on $VIX’s 30 min chart isn’t a descending triangle though.