BAS, I know there will be some retracements back up. There is a minor resistance at 113, 114 and 115 level. There is a morning gap from yesterday. How high of a retracement the market will go back up? I really don't know yet.
If SPY bounces back up and closes around 113 today, then the 112 level is a very good support level. It will consider a daily reversal sign. From there the market "could" continue go back up.
ok. i bailed upro at lunch after the pullback to 112.00 from 112.13.. figured they bears weren't interested in covering anymore to power through the afternoon (how often can we repeat the 1:30 reversal his week?)..
i was crazy earlier..i doubled up upro at 150.82, so avg was 151.06..
out of upro at 152.35. so $1.19.. nice solid gain.
well today was nice anyways to see some major movement..
4th days in a row that the market exceeded 100 points daily range.
ReplyDeleteLike I said before, SPY will retest 112.00 level. It did hit 112.05. I am still expecting QQQQ to hit 45 level.
ReplyDeletenailed support 3 111.6266
ReplyDeleteasedine
in upro 151.82 for pop
ReplyDeleteout maybe 153.80 or sooner
ockmolo
I am out of VXX at 29.00 and SPXU at 35.80.
ReplyDeleteshould have took my $1.50 in upro
ReplyDeleteback to even pretty quick haha.
was too slow getting in at support 3.. oh well.
she's moving fast today
degicsi
out 152.94
ReplyDeletewas really trying to hold for 154 on the last push.
anything better than nothing.
cracoeiz
There will be some retracements back up. Then get ready to short again.
ReplyDeleteNow two days in a row the daily range exceeded 200 points.
ReplyDeletehow much are you estimating on the up swing?
ReplyDeletei went long upro again at spy 111.70 (ended up fill at 151.30) with mental stop of spy s3 111.62.
am trying to get another $1-$1.50 on upro.
in/out quick
mandaud
that dip below 111.62 didn't break my will
ReplyDeletenext one might!
desisdwe
I just got out of CLF at 45.50. I am taking a loss there. I want to see how the market reacts to 112.00 level for SPY.
ReplyDeleteBAS, I know there will be some retracements back up. There is a minor resistance at 113, 114 and 115 level. There is a morning gap from yesterday.
ReplyDeleteHow high of a retracement the market will go back up? I really don't know yet.
If SPY bounces back up and closes around 113 today, then the 112 level is a very good support level. It will consider a daily reversal sign. From there the market "could" continue go back up.
ok. i bailed upro at lunch after the pullback to 112.00 from 112.13.. figured they bears weren't interested in covering anymore to power through the afternoon (how often can we repeat the 1:30 reversal his week?)..
ReplyDeletei was crazy earlier..i doubled up upro at 150.82, so avg was 151.06..
out of upro at 152.35. so $1.19.. nice solid gain.
well today was nice anyways to see some major movement..
surress
lures
If QQQQ didn't opened higher today, it will have probably touch 45 level when SPY was below 112.00.
ReplyDeleteso there was more in SPY.. LOL
ReplyDeleteoh well.. maybe next time!
suprisingly more new after hours lows.. 111.50
ReplyDeleteyastsica