Friday thoughts

1259
GDX NUGT starting to reverse higher now, 2520 GDX trgt last 2439

1242
2390 gdx i'm waiting b4 adding any gdx or nugt, last 24.25,

1238
look at ultra low vol today in GDX...

1222
quick calc short term uvxy: (50-48) + 50 = 52 trgt which is near gap fill

1220
51.12 MM sell level on uvxy intraday, last 5038

1219
UVXY moving up,now at resist test and looks breakable higher

1204
ES SPY are at 15min support...but imo breakable lower....watching here for weak or no bounce,,,, last 1668 ES

1202
i will add more at lower gdx nugt if it goes lower, else scalp this....note this is DIFF than multiweek gdx nugt positions, its just a scalp

1159
: long gdx here, or nugt....paid premium price
MM just raised the ask, trading it
574 nugt
2451 gdx

1149
lim order to scalp nugt 5.66 if filled, good for next hour only
 CANCELLED 566 nugt order, am going to use GDX instead, will post if scalping

1144
15min nugt chart still allows for a slip lower but if 550/560 holds would be bullish. last 578.
60 min chart suggests a higher high over 6 toward Inv Bank sell levels posted yesterday


1141
watching 1665 ES intraday. if it breaks lower, may see a nice pop on uvxy up

1044
If you look at rsi(14) on SPY since Feb, its warning that a major correction lower in spx is coming...it takes time to manifest but warning is def there...

note that rsi has hit over 66-70ish several times, and stayed over 33 (actually over 40!) until June 24 when it first visited under 40....IF the RSI starts to turn lower here around cure 65 level and does not make 70, it will prob go under 40 to 30. Under 30 would be esp bearish, and suggest that any bounces are going to be sold shorted, just like when it was over the 65 each dip was bought. Mid term multi weeks months hold strategy, not quick swing strategy

1015
and 60.40 area is a gpa fill uvxy


1014
big green candles on uvxy move about $10 if you look back on daily chart,

1011
i have a lim order to sell UVXY 59.00, good for today only, to catch a surge to 60

uvxy up 2% this morn, 59 would give 20%ish

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