Wed thoughts

353
will be interesting to see what ES does 400-415pm

351
notice volume in last hour today vs previous days, ES  SPY

334
MM are selling into this, ES SPX, here, at es 1688
may or may not see reaction today from it

118
Inv Bank buy levels are now at or near the July 26 lows on spy spx
spy 167.50ish, spxu 21.40ish

111
took ES 1687.50,,,,close enough...added short
might want 1688 1690 but close enough

1254
weakening es...

1248
if i didnt already have some shorts from higher b4, i'd enter here 1686.50, but waiting for higher to add (or lower) since already have some

1244
order in, because if 1685 breaks, could move fast lower

1243
below mkt 1684.75 or above mkt 1688 ES...will add shorts, whichever comes first,,,last 1686

1242
VXX hit the "add more" trgt 14.75 posted b4...

1236
1688 es i'll add shortss if it hits there, good till 12:50
last 1685.25

1227
72% short signal on es is still valid...its near its entry point now

1222
1684--1690 add area...

1222
may add to short position..havent yet...es 1684 last...

1214
1475 vxx might present a buying opp to add more, if it decides to move lower in flag instead of higher...

1208
7 more mminutes before "time analysis" expires at 12:15pm...will see where ES is at, and whether it needs an extension or if curr velocity maintained

1204
the 11:25 am candle was the "break" on vxx

1203
VXX UVXY 5 min chart: shows a break out of the bullish flag...watching for followthru...the flag DOES allow for a lower low on VXX below 1481 before over 15....but atm it broke higher

1201
but usually...this pattern...the MM want to break the existing daily high...

1200
smaller MM are in trade mode now on gdx...buying and selling in a 5 cent range LOL...will see what happens with that...Inv Banks waiting up at 2500 to sell

can't get a read on MM real intentions when they go in 5 cent mode lol

1158
uh oh...is ES getting rejected again at 1683.50???right now?
1686ish would still be bearish bnc.... but 1683.50 rejection moreso

1154
interesting...if u measure the bear flag target on ES 5 min chart, it gives a 1676 trgt, which "just so happens" to land at the "more impt" level previously posted

1144
it may be at a "cover scalp shorts" or "add shorts" at 1215pm
bias still lower intraday tho

1142
watching to see where ES is at in 30 min from per time analysis, or at 12:15 pm
6 more candles on the 5min chart

1132
not much room to daily low tho of 1680.50 ES...weak bounce so far if this is it...but would also need to break daily low to get much meat

1130
short 72% rang at 1683.50 es...may or may not go higher b4 lower...but first bounce expected to be sold

1119
i'll add shorts at 1686 ES...order good only for next 15min

1116
72% short may ring in 5 -15 minutes or so....observation only, has not rung...is opp to add to intraday shorts or new position if missed short at the open

1047
SPY is near its 20 day moving avg now

1040
for swings, ES 1665 needs to hold ....July 15--17 lows...if that breaks then would prob see increased selling

1037
big red intraday 15 and 60m candles...first bounce usually is sold,

1031
even the 5min chart on spy is not oversold...yet

1030
spy stalled as expected at 168.50, simple prior low,,,but looks breakable toward 168.20 more impt level is 167.90--168.20...if THAT breaks then watch out below, but of course a stall should be expected and support is support until broken

1016
at least right now, in VXX its interesting that Inv Banks are setting their sell levels at "obvious" areas on the chart, this is unusual since they are usually jockeying above or below the "obvious" levels...

1014
1542 adj trgt mini raised from prior 15.12 trgt, vxx and uvxy

1009
168.20 spy would be nice, below the 168.50ish prior low (using 60m chart)

1008
but there are lots of mini support  areas in SPY between 167.50 and 168.50, so will monitor the short quick trade and poss actively trade it...just using simple horiz supp of prior lows in spy, nothing fancy

1006
right now, have lim order to sell vxx uvxy from this morn at 16.47 in case of surge, will lower it later, set 15% above cost on vxx, 30% for uvxy,,,SWING targets are much higher, this is just quick trade trgt

1001
we posted yesterday, that tho the vxx green candle was small, it may have been the start of higher vxx uvxy spxu and lower es sox....are seeing some followthru selling now on es spx...watching to see what it does...


1001
but ES may want 1670, in which case spxu vxx and uvxy will move much higher than here

1000
15.12 trgt 1 on vxx uvxy...may sell a piece there, last 1488

948
shorted es here 1689.50..vxx uvxy spxu
quick trade, 1-18 hours

942
Larger Inv Banks are on sidelines now in GDX with buy/sell at 20.00 buy and 28.00 sell... they will prob adjust these numbers within the hour to narrow the spread

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