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Wednesday, October 28, 2015

$SPX - Comparison with 1987 Crash - Before/After

SPX is nearing the upside target identified in September analysis.  SPX likely has some minimal upside into a peak due first half of November. 

Analysis to follow shortly...

60min Chart
















From September Analysis:

30min Chart















72 comments:

  1. I'm looking to short soon as we are nearing the target and a dip is anticipated.

    Currently fine tuning a short entry.

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  2. SPX has made 3 two-day dips on this October run, but it's due for a 4-5 day dip.

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  3. SC, from the charts, are you seeing a drop then a higher high around SPX 2140?

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  4. sc so you think we have a five day down from here or higher or next week

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  5. Mild market year end. 2096.92 gap upside. 2052 and 2018 gaps downside. 1950 gap would be awesome and dreamy. Don't short. Asia loves overnight surprises to F___ you good.

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  6. Waiting for UVXY $25's, it's slowly getting there. VIX 19 coming soon.

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  7. SPX is getting close to my target, and expect a pullback from that level.

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  8. SC is the level still -SPX 2095 or 2105???????

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  9. SC what's the SPX target for the pullback?

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  10. SC, they poped the futures at night, do you think we can go back and retest the high around 2100 on SPX?

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  11. sc we know you are busy, just like we are, we would like to know, is it topped and if the pull back has started?????

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  12. UVXY closing to your $25 call, good to enter today?

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  13. I'm waiting for next week to short. The market is really struggling. I would like to see more price action before taking a position though.

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  14. All dips to be bought through year end. Do not short.

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  15. SC, any guess on the SPX high before the big drop?

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  16. SC, UVXY may hit $25, still the same target to enter?

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  17. SPX hasn't quite made it to my green target yet, after shuffling sideways last week.

    VIX may well have reached the low last week 12.80, but I would like to see the retested.

    It's getting close, and will be looking to short later this week.

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  18. There's $25, but VIX not quite ready. Looking great though, coming down nicely!

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  19. 35 point rally from overnight. Couldn't even get below 2070. Huge bull market. Clear message. Absolutely clear.No ifs, ands, or buts. Bull. Bull. Bull. Screaming.

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  20. i think you called the top short term

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  21. VIX is getting frisky...
    https://northmantrader.files.wordpress.com/2014/04/vix41.png

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  22. I definitely plan to enter UVXY this week, quite possibly today. Choppy this week, and forming a high.

    Next week looks bearish expecting a decline from Nov 6th to Nov 20th.

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  23. By Nov 20th can see SPX 2030 to 2050. UVXY can pop 50%.

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  24. SC, UVXY green with markets green, do you still think it has a bit more downside to go?

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    Replies
    1. Little downside for UVXY. $25 has been quite solid though still possible to undershoot that level this week.

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  25. thanks for your help should i buy 100000 uvxy

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  26. More to go on upside. No normal pullback until 10750 on NYSE index (200dma). Obvious.

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  27. SC, what's max SPX target you see before Nov 6? Thanks!!!

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    Replies
    1. Because SPX is approaching the high for the year it faces very strong resistance overhead.

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  28. Here's an interesting analysis for November that corroborates SC's bearish outlook of decline from Nov 6th to Nov 20th.
    http://www.seeitmarket.com/will-november-market-seasonality-be-bullish-for-stocks-yet-again-14935/

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  29. SC, nice call on UVXY $25, what's the next target if $25 doesn't hold?

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  30. VIX pop is imminent, and may have already started last week. It might retest 13 again before the end of the week, but a pop likely to 18 to 19.

    Time is running out, pullback is due for the market...

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  31. SC what price level do you expect to exit UVXY?

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    Replies
    1. I plan to wait until around Nov 20th. It can pop 50%.

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  32. SC, are you looking to enter UVXY tomorrow? If it is not at your ideal price $25, will you wait until Friday after the jobs report to enter?

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  33. I've been waiting until closer to Nov 6th which is the optimal timing for the SPX high according to the timing model.

    Definitely UVXY is already warming up. Plan to position within the next 3 days.

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  34. UVXY likely already bottomed, so looking to enter probably around $25.50.

    The market will likely be choppy this week as the high finishes forming, then decline next week.

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  35. Very pleased that the market is starting to soften leading into the Nov 6 turn date.

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  36. Do you think you will get UVXY at 25.50 now, it already climbing now.

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    Replies
    1. It should cool off again, might have to wait a couple days. VIX approaching some resistance.

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  37. Notice SPX is starting to wobble and become unstable as we have reached the target and turn date timing.

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    Replies
    1. Whipsaws likely during the next few days, and then the ship'll be ready to sink lol!

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  38. VIX

    http://mymarketgeometry.com/

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  39. Good idea to chase UVXY here, SC?

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  40. I'm still waiting. The market is weak but can bounce around.

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    Replies
    1. I think your patience, SC, is going to pay off.

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    2. at what price would you buy uvxy

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  41. SC, are you still looking at $25.50 for entry or $25?

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  42. VIX not moving to upside, weak as hell. Extremely weak. S&P consolidating for move to 2130 now.

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  43. the most bearish man alive...pages 3 & 4 for UVXY...😎
    http://www.exceptional-bear.com/resources/Inverse+funds+positioned++to+FLY+as+the+S$26P+plummets.pdf

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  44. nice SPX chart as of the market close on Friday...😎
    https://northmantrader.files.wordpress.com/2014/04/spx-d23.png

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  45. Anyone notice Dow Jones Utilities Average Index was sold off yesterday. Down more than 3%.

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  46. SC, if you have time, would you please do another update or a follow up soon as the targets have been reached and big turn maybe coming, I am sure not just me but many others here would really really appreciate that. Thanks!

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  47. SC, can u give your update about gold/silver low . thanks

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    Replies
    1. Silver should see a little lower closer to $14. Then I do expect another push up to $17's.

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  48. SVXY significantly diverging from price action in the indices...constitutes a bearish divergence...

    (https://twitter.com/allerotrot/status/663508670345555968?s=17)

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  49. New update has been posted!

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