Comments on: SPY Bear Flag Breakdown https://rightsideofthechart.com/spy-bear-flag-breakdown/ Stock Trading, Investing & Market Analysis Wed, 04 Dec 2019 13:41:20 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/spy-bear-flag-breakdown/#comment-7705 Tue, 24 Sep 2019 18:04:56 +0000 https://rightsideofthechart.com/?p=193187#comment-7705 In reply to herreradamian54.

Yes, I am expecting a bounce at the 294 level but I must strongly caution that based on the technical posture of the longer-term charts coupled with the recent complacency in the stock market (dismissing a lot of red flags), I would not be surprised in the least to see the SPX continue to fall into & below the Aug trading range (294 is the top of the range). Best to stay both nimble & flexible right now & not be married into a rigid trading plan, especially if what “should” happen doesn’t happen (i.e.- SPY smashing right thru 294 like it isn’t even there & keeps going).

]]> By: rsotc https://rightsideofthechart.com/spy-bear-flag-breakdown/#comment-7704 Tue, 24 Sep 2019 18:00:45 +0000 https://rightsideofthechart.com/?p=193187#comment-7704 In reply to RockStock.

Short-term, I would most likely look to close (sell) TVIX when my /ES, SPY, /NQ, etc. targets that I just posted in the most recent front-page post are hit although I will be watching the daily charts today to see if we trigger any longer-term sell signals or if it looks like those might be coming soon (as that would speak to the longer-term outlook for TVIX). I’ll share my thoughts on that before the close today.

]]> By: herreradamian54 https://rightsideofthechart.com/spy-bear-flag-breakdown/#comment-7700 Tue, 24 Sep 2019 16:44:06 +0000 https://rightsideofthechart.com/?p=193187#comment-7700 Are you expecting a bounce at the SPY 294 level randy?

]]> By: wilhud https://rightsideofthechart.com/spy-bear-flag-breakdown/#comment-7699 Tue, 24 Sep 2019 16:41:43 +0000 https://rightsideofthechart.com/?p=193187#comment-7699 Expecting a bounce here? https://www.tradingview.com/x/1EyyXS74/

]]> By: bryrune https://rightsideofthechart.com/spy-bear-flag-breakdown/#comment-7698 Tue, 24 Sep 2019 16:35:51 +0000 https://rightsideofthechart.com/?p=193187#comment-7698 I think this was a well placed bull trap (at least for overnight future traders).
https://www.zerohedge.com/markets/us-equity-futures-flash-smash-higher-erase-fridays-losses

]]> By: Flanny3 https://rightsideofthechart.com/spy-bear-flag-breakdown/#comment-7696 Tue, 24 Sep 2019 16:02:31 +0000 https://rightsideofthechart.com/?p=193187#comment-7696 looking good.

]]> By: RockStock https://rightsideofthechart.com/spy-bear-flag-breakdown/#comment-7695 Tue, 24 Sep 2019 16:00:25 +0000 https://rightsideofthechart.com/?p=193187#comment-7695 @rsotc – Is this a good time to add to short ? What are your thoughts for TVIX for short and long term?

]]> By: rsotc https://rightsideofthechart.com/spy-bear-flag-breakdown/#comment-7694 Tue, 24 Sep 2019 15:56:29 +0000 https://rightsideofthechart.com/?p=193187#comment-7694 FYI- I left out the /ES 60-minute chart when I published this post & added immediately afterwards. However, it will not appear on the subscriber email notification as those are sent upon publication & will not include any revisions or additions such as this 60-minute /ES chart.

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