Pages

Monday, December 22, 2014

$SPX - Another Plunge Coming

The Cycle for SPX showed a bounce coming into the Orange arrow Cycle high.  That has now occurred.  Last week saw the strongest 1-week bounce in the last 2 years!!  That is an impressive confirmation of the Cycle!

SPX has met the target for the Orange arrow high.  A small dip is probable soon even though little more than some bouncing around prior to year-end is likely.

The Cycle shows a plunge into the Blue arrow Cycle low.  The December low for SPX is very likely to be retested in January.

60min Chart

















Before:

60min Chart

















SPX Cycle:





















45 comments:

  1. SC, do you thin uvxy will double bottom around 17 or go lower than that

    ReplyDelete
    Replies
    1. UVXY should be near a low again. I expect the Dec low to hold. January can see $30 tested again.

      Delete
  2. SC, if you sold XIV this morning, what is your new UVXY target? Reentered in 21 or wait for 18?

    ReplyDelete
    Replies
    1. I think UVXY likely to pop about $3 soon (prior to year-end), but then settle, and not likely to see much happen other than that pop until January.

      January I'm targeting around $30.

      Delete
  3. Oil, Russia, Gold, Silver all still look weak, and it's probable that they deteriorate again soon. I expect another scare in January, with SPX likely to retest the Dec low.

    ReplyDelete
  4. SC, thanks for all the valuable information. I believe we will see the plunge in S&P500 a bit later in January. It might indeed start early around Jan 5 or 12, according to the cycle model of www.tripstrading.com

    ReplyDelete
  5. SPX rose into Monday. SPX likely to dip soon.

    SC December 18, 2014 at 7:29 AM

    "SPX up a few more days into probably Monday, dip a little, then up and peak around Christmas at the Orange arrow."

    ReplyDelete
  6. VIX at target 14's and strong support.

    SC December 18, 2014 at 8:38 AM

    "Quite a solid bounce for VIX off 16 today. I think we'll see 14 to 15 tested though."

    ReplyDelete
  7. SC, what price level are you planning to buy uvxy. today it looks like uvxy is relatively holding good

    ReplyDelete
  8. Yes, it looks good. I think it can pop $3 or $4 here, and then settle again. Can play this pop and/or can just wait and position for the larger move in January.

    ReplyDelete
  9. GOLD

    http://traderjoed.blogspot.com/

    ReplyDelete
  10. SC, vix not falling below 14 and uvxy holding 20 for now

    ReplyDelete
  11. VIX

    http://traderjoed.blogspot.com/

    ReplyDelete
  12. sC, UVXY close to your 24 target, do you think it will make a double bottom at 20, some gaps left there

    ReplyDelete
    Replies
    1. Stay tuned, I have some trades planned later this month. Excellent market to trade...

      Delete
  13. I'm very excited for this year!! The Cycle is working absolutely perfectly. Big moves ahead!!!

    Happy New Years!!

    ReplyDelete
    Replies
    1. Do you think gold will rally above 1240$/Oz in the coming days/weeks?

      Delete
  14. SC, so you are expecting high in s$p end of month.
    also, what do you think about gold and gdx here.

    ReplyDelete
  15. Hi SC:

    Any thoughts on Gold here? Seems to be strong with money flowing into Gold as the market corrects.

    ReplyDelete
  16. I like your last calls to 2080+ and now under 2000 for January "plunge". Now the pundits are all scared about correction. You say 1972 is next bottom, for the record? And following? Curious about your projection. Intrigued.

    ReplyDelete
  17. EMINI

    http://traderjoed.blogspot.com/

    ReplyDelete
  18. Hey SC, do you have a target in mind for this drop? Thanks for all the great work, and happy New Years to you, too!!

    ReplyDelete
  19. VIX

    http://traderjoed.blogspot.com/

    ReplyDelete
  20. HI SC: It appears that gold is now in a confirmed uptrend having made a low in early November 2014. If you get the time, would like to hear your take on where gold's headed. Truly appreciate all your efforts.

    ReplyDelete
    Replies
    1. Thank you. I'll take a look at Gold.

      Delete
  21. I'm just waiting for SPX to decline to the blue arrow low. It's choppy, but getting there... Some more to decline I think this month.

    ReplyDelete
  22. sc, can u update what u r expecting, missed this move in uvxy completely, r u expecting another rally till march-aprik

    ReplyDelete
  23. SC blue arrow price is here are buying today? Thanks

    ReplyDelete
  24. A friend who follows Hadik said that he predicted this surge in Gold and there's more to come.

    ReplyDelete
  25. It's very choppy but SPX can see a little lower. We're getting close...

    ReplyDelete
  26. SC ... just to add to my last comment to those who are looking to trade re. the Hadik comment - I don't subscribe to Hadik and have no clue regarding his track record on Gold - please do your own DD.

    ReplyDelete
  27. VIX

    http://traderjoed.blogspot.com/

    ReplyDelete
  28. Alright, I believe the blue arrow low is in place for SPX. It's due in time and price, and the market is holding.

    Looking for the entry XIV this week.

    Update coming!

    ReplyDelete
  29. Should see a dip for SPX to provide a good entry.

    ReplyDelete
  30. sc can u post your thoughts gold/silver

    ReplyDelete
  31. Yes, I will post the updated Silver Cycle. I continue to be extremely impressed with the Cycle to say the least!

    ReplyDelete
    Replies
    1. Did your cycle predict this rally in gold/silver complex?

      Delete
    2. Absolutely! Update is coming.

      Delete