334
IF ES SPX got down here on small candles, slowly, the I'd take some profits in UVXY (25% of shares). But the big red candles on ES SPX are keeping me from selling here, instead preferring to wait for larger targets. Can SPX bounce and UVXY back down again? of course. but imo, more down on SPX in coming hours days
330
MM are selling a lil uvxy right now cuz they want 614 buy level if able,intraday...but running out of time near 4pm here
328
atm...640 MM and 660 Inv Bank Level on UVXY... for "smaller" trgt
630 and 680 are obvious "horizon" resistance, the Inv Banks as usually have put their numbers somewhere else LOL
but UVXY can blow through any levels when ES acting like this....
321
look at volume on ES...last 3 candles 60min chart not really that high...plenty of room down before any volume exhaustion
310
it might take some time, but gold silver nugt gdx should all benefit from any downside in SPX, and from any fear in the market
NUGT earlier today did make a big move up, 12%ish, but has since pulled back 10% LOL...volatile stuff,,,,still see the nugt higher trgts for swings
301
today...Might be seeing the begininng of manifestation of short signal on es spx posted2 days ago
ES is down 8 points as i type this, after making a new high at 1684, now at 1657
also, a higher high, and then a close on a lower low from prior day, would also be known as "key reversal day" if that happens
1106
Same targets on NUGT too
1106
There is a HUGE shooting star on ES 60min chart of about 13 points, watching to see what the daily candle looks like at 4 PM. continue to have the same targets in UVXY, which has held up very well through the last 2 weeks of ES SPX SPY rally
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