All inverses broke support, ViX double bottom so far, is the shortest time options against and understandable due to the large gap, so had a large spike.
VXZ AND VXX broke support
Probably could have waited till 25 to QID, but I think the best policy in most cases it to buy on the dips, when reversals are noted and bull have momentum.
Play it both ways and never over extend or over leverage unless for a dime or two on large volume momentum. Well maybe not even then.
Stay objective and nimble. Greed gets you most of the time. Fear does the same.
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Why FRE and FNM? (Most of the Mortgages depend on this companies making it, just wish the people running them cut the massive salaries and focused on the companies profit.)
2min Time frame above 50dma, above 21dma, above 8 and 5day VWAP
5min: Above all ma's and compression
10min: 50dma cross over 100dma, above 50dma, 5 through 21 flat
15min: Rising 50DMA coming to meet 100dma, and above 50dma, all others
flat
30min: Ditto, but 50 flat
60min: Odds are in favor of Bulls
psychological resistance 102
Happy holidays!
I hope you all find a job and do something more productive than the stock market!
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