The move today should be about it. There might be a small move to the 110.5 area, but there is strong resistance there. I am loading up short right now. The green area is my target for minute [ii]. I expect minute [ii] will end and we will break that trend line I have drawn on the stochs. A small move to the red line on the VIX is possible then I am expecting the next major VIX move to push us to the 31 area or higher.
Thats probably about it...
The move today should be about it. There might be a small move to the 110.5 area, but there is strong resistance there. I am loading up short right now. The green area is my target for minute [ii]. I expect minute [ii] will end and we will break that trend line I have drawn on the stochs. A small move to the red line on the VIX is possible then I am expecting the next major VIX move to push us to the 31 area or higher.
This is probably the only time we are going to see a market like this in our lifetime. So lets make the best of the opportunity. I am going to concentrate on mainly trading the S&P 500 index using Elliott Waves and other TA. I will mainly be using puts and calls on SPY, but at times will trade SDS and SSO also. Do your own due diligence of course. Do not take any of my commentary and technical analysis as recommendations to purchase stocks or options. I do not currently trade the E-minis.