Long Idea, Target 3402 and 3435 Acumulation zone betwen 3300 and 33280. Pivot 3336. Expecting a wild day tomorrow.
Long idea, looking for 30% upside. LIS*** 14.10
Targets: 3367 /± 5pts. 3406 /± 5pts. 3444 /± 5pts. Reference: LIS ***3320*** POC *3398*
RSI Divergence, overbought territory. Seems like a bull trap on process. I took Positions on short side now. Possible retestest 3000 zone. Regards!
One more push up for VIX. WE need to be ready for this.
Update: $SOXS, $SOXX, $SMH. Short again. Head & Shoulder Pattern. Neckline support seems weak.
GAP reached (Yellow Zone). Now adding sets of shorts (Red Boxes) and moving the targets (Green Zone)
GAP Fullfilled. Not clear now the trend. Waiting for pullback to 133.3-132.3 (Red Zone) Possible Head & Shoulders pattern.
Taking first set of profitsand moving again Stop loss. Also expecting a bounce and perhaps fill the GAP (Yellow Zone). Then I consider add new positions keeping downtrend.
Bounce to 2830 (first Zone) & 2860 (Second Zone). Adding positions on that levels.
Resistance and first target Green Zone (132.00-130.59). Also we have a GAP can be filled on 129. Now we fallowing the short term trend.
Seems we are back to downtrend / or having deep Pullback On S&P, Nasdaq and DJIA. RSI below 50 on 12 HR time frame, rejection on 200d EMA and VIX waking up. IMO we are back to downtrend.
Holding Short positions. Weakness on XLF & Financial sector.
Moving SL and adding new positions $FAZ. Short $ XLF. I expect a deep pullback on the S&P, DJI and Nasdaq index.
I think we have have an opportunity here! $XLF $FAZ. Pullback on price action.
VIX is waking up!. Expecting a deep pullback on S&P, DJI and Nasdaq.