Remember, the June targets for SPX are 1372 high next, and 1245 low to follow. Markets are set to rally strongly until the high anticipated +/- June 19th, then fall precipitously into an end of June SPX low.
30min Chart
30min Chart
Saturday, June 9, 2012
UVXY - VIX Wild Ride Ahead!
The volatility in June is going to be "outrageous" with violent swings in both directions.
Remember, the June targets for SPX are 1372 high next, and 1245 low to follow. Markets are set to rally strongly until the high anticipated +/- June 19th, then fall precipitously into an end of June SPX low.
30min Chart
30min Chart
Remember, the June targets for SPX are 1372 high next, and 1245 low to follow. Markets are set to rally strongly until the high anticipated +/- June 19th, then fall precipitously into an end of June SPX low.
30min Chart
30min Chart
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Hi SC. Do u still see uvxy moving up Monday. Thx.
ReplyDeleteYes, I do see it rising moderately. I plan to take profit on a moderate pop into the $16's. Then time for XIV.
DeleteSC,
ReplyDeleteOil looks ready for a pop here to me, what are your thoughts?
Yes, oil should pop into the week of June 18th to 22nd.
DeleteI put a nice trade on oil Friday morning, looking very good so far! So is gold. Going to be a great week coming up!
DeleteSC, looks like markets are going to pop up tomorrow, whats your plan with uvxy? will you hold if markets rally tomorrow?
ReplyDeleteThx.
I will hold because I'm expecting a larger dip for the markets later in the week anyways.
Deletegold and oil will push hard this week to the upside, but be careful getting a big position for the long term. Gold should put in a short term top sometime this week and will pull back a bit. It is possible that the pullback does not bring it back down below where we are now, but it would still be safer to get in after the multiday pullback. I am long both Friday morning, but my systems will probably close out the trades around $1650 and $90 if we get there quickly this week, and then wil be looking for a dip to get back in on. I think this market is about to get really fun.
ReplyDeleteI am bullish for the metals, and do expect higher levels in June. However, not necessarily much higher this week. Next week more likely.
ReplyDeleteUVXY may just skip that tiny blip, and come down to bottom in the $14's, then pop to $17 following.
ReplyDeleteIf the market holds at current levels, you're looking at -15% at the open, 13.75/50.
Deleteanother 10pts on Tuesday..sp'1350/55, that'd be 13.25/00.
Urghh.
--
I agree, probably looks like late tuesday the peak..then a few days down (wave'b?), but even then, it'll be one hell of a battle to get back to where you started.
regardless...good wishes for the week ahead. It won't be boring, that much I think all agree on
I am expecting a larger dip for SPX from the 1340's. So I still expect to turn a profit on this trade.
DeleteHi SC are you still looking a drop in SPX to 1300 or so before the rally up to 1380-1400. I just noticed the futures up to 1340's seems a little over done here. Maybe just reaction to Spanish bailout.
DeleteThanks SC
Yes, at least 1310, then up to 1372 target area next week.
DeleteZigZag,
ReplyDeleteaccording to OEX, it's June 15th vs your magic June 13th.
http://s16.postimage.org/y5tp8w36b/temp2.png
-Gerb
Gold_gerb.. so your saying 13th is marking the top for this wave on your time cycle?
ReplyDeleteyes, I'm looking for a panic high on the 13th.
Deletehere's what I got.
http://s15.postimage.org/lvdbnul6h/temp2.png
I also have a T for the 21st, but that could be a low resting on the fan line after hitting a 13th high.
-Gerb
Hi SC. When do you expect uvxy to bounce to $17. Thx.
ReplyDeleteLater this week. I still think this chart plays out well.
DeleteHi SC. Where do you see uvxy dropping down to as a low today or tomorrow? Thx
ReplyDeleteThe downside looks very minimal for UVXY, with a nice pop coming this week.
DeleteXIV may reach near that first target at $10.45, then drop quite hard. At least to $9.50.
SC, I'm holding HVU at $4.51, and I don't think that even from here the downside is minimal. If we are looking at a cycle high on the 14th or so of 1350 - 1375.....that is going to be another huge drop for UVXY and HVU (I figure around $3.30).
DeleteSell today and buy back Wednesday is probably the best idea.
My final cycle high comes in next week not this week. I was targeting 1340ish for this week followed by a larger dip, and then the stronger rally for SPX next week.
DeleteThis is why I will hold my position for later in the week. There is downside for UVXY next week, but very little this week with a nice pop coming soon imo.
XIV hit $10.33 and came really close to my target of $10.45.
ReplyDeleteIt doesn't bode well to see all of last night's gains given up so quickly, but it is a choppy choppy market these days.
ReplyDeleteI plan to take profit if UVXY hits $16.40ish on this run. Will switch to XIV in that case.
ReplyDeleteHi SC
DeleteYou dont see us heading to 17ish like your forecasted anymore with UVXY?
Thanks!
There is resistance at $16.40 so I suspect it may reach that then retest the $14 low, then up to $17 or so.
DeleteMy negative cycle for today is working great.
ReplyDeleteThis is just the beginning of volatility in June. The cycles are clear that the action is going to become much wilder with much greater intensity...
ReplyDeleteTomorrow looks like a low for SPX, and then shoot up into around June 14th 1340's.
ReplyDeleteThanks SC. Interesting that ZIGZAG has a SPX high for the 13/14th, and next low around June 29th...may be kind of risky to hold UVXY in the hopes of the low happening tomorrow.
ReplyDeleteI've made the switch anyways to HVI now and will ride that out for the next few days.
$9 + would be a great place to sell.
Hi SS76
Deletewe still have 1 whole day tomorrow for the market to do whatever. I am with SC on this one that we see further downside tomorrow for a low before bouncing (If we bounce that is). ZIGZAG target can be off by a couple days. We may have reached his target in future last night in ES.
You have a stop in place for you HVI?
Thanks!
I still like UVXY for a while longer. Will switch into XIV around $9.55 for a move back to $10.45.
ReplyDeleteHi SC
DeleteThat match your chart target pretty closely...loving it...thanks you for the hard work.
Thanks!
I think this chart is going to work out well for June.
DeleteThat would be great if it did, it would imply I'll make money on HVI come the 14th, and be profitable switching to HVU at that point.
ReplyDeleteUVXY $16.50. Still holding SC?
ReplyDeleteHi SC
ReplyDeleteDid you sell your UVXY just now and went for XIV? seems to have hit your targets mention this morning.
Thanks!
Took profits on UVXY at $16.45, bought XIV at $9.55.
ReplyDeleteHi SC
DeleteGood job, congrats on profit.
Thanks!
There should be good support for XIV at the $9.50, not likely much lower at all imo.
ReplyDeleteHi SC,
Deleteyou dont see 9$ for XIV a possibility? your original target.
No, because I realized that it tested that level $9.05 last week on Wed.
DeleteNext, looking for XIV $10.45 in a few days. I suspect a slow grind up for XIV.
ReplyDeleteI was pleased to eke out a profit on that trade. My negative cycle was correct for Monday as expected last week. However, I didn't get a good fill with the big gap on the overnight futures.
ReplyDeleteSS76, you still holding your HVI?
ReplyDeleteYup. I'm going to hold it now at least until Wed afternoon or Thursday at some point. Then switch to HVU.
ReplyDeleteBy the way SC, amazing calls here so far in June. A move to 1340 SPX over the next 2 - 3 days would be amazing.
ReplyDeleteThanks. Yes, 1340's by Fri is my call here. The swings in the second half of June are the largest.
DeleteThis pinball rollercoaster is just getting warmed up lol!
could be looking at 1307 double bottom today. Yeah I like your 1340's price by 90degrees from 1266 low. 90 degrees from day 156(june4)is 168
Deletewhich is this(june16) sat.various other indicators pointing to 1338 to 1347 area as targets.GREAT TRADING!!! LIFE IS EXCITING!!
XIV looking dirt cheap. At $9.27 the support should be massive.
ReplyDeleteNext stop for UVXY should be $13.75 or so later this week.
ReplyDeleteLord have mercy I hope you are soooooo sooooo so right.
ReplyDeleteThis comment has been removed by the author.
DeleteI may just hold XIV for a move over $11.
ReplyDeleteUltimately my target for SPX is still 1372. Within a week!
ReplyDeleteHi SC
ReplyDeleteDo you think we will bounce strongly from 1250 once we get there with it being an election year?
Yes, I'm targeting 1245 SPX June 29th. That set's up a summer rally. Surprisingly the summer looks calm and fairly quiet in my cycles. The fall - not so much.....
DeleteFrom Stockyard 262:
ReplyDeleteBTW just for traders...270 degrees from 1266=1375...63pts. up from 1307=1373.
SC,
ReplyDeleteI have to ask your opinion of oil here. To me it is either signaling that the dollar is ready to rip to new highs or it is forming a yearly low. What is your thoughts?
All I can say is that I expect SPX to rally to 1372 short term, then fall to 1245 around the end of June.
DeleteOil should pop and then decline along with SPX. July/Aug/Sept Oil should rally quite well I would think.
Wow that is one hell of June for the SPX. If you nail that call you should start charging for your service.
Delete