Finding the edge in analyzing unique market Cycles.
The SPX Cycle dates have proven to be very accurate...SC December 7, 2015 at 12:40 PM"Dates I am watching this month for SPX Cycle:Low Dec 14th, and high Dec 30th."
SCDecember 24, 2015 at 9:09 AM"I do expect a significant plunge first week of January. January looks very interesting. Charts coming..."
DID YOU BUY ANY UVXY
we could plunge to 1700
SC, so do you still see XIV can reach $29 for exit?
I'll wait and see. XIV has a lot of upside.
SC, the significant plunge you mentioned seems to have happened, or do you expect more weakness in the coming days?
Cycles are still down into next week, but we are so close to support that I don't see significant downside.
SC, what are levels you see for SPX and XIV for the low?
Little downside for SPX since it's near support again.
Thanks, I am wondering to buy XIV here as it is near support also, but not sure.
Would you mind sharing how long you think the silver rally may last? A few weeks or multi-month? Thanks!
Multi-months, 3 to 4 months rise coming for Silver from the low that is currently forming.
XIV, TVIX, UVXY are all up.. interesting...
“No Ammo Left!” - Former Fed Governor Fisherhttp://ibankcoin.com/bluestar/2016/01/06/no-ammo-left-former-fed-governor-fisher/
$23-$24 area on XIV seems to be holding well and looks like a good entry point. New lows on indices vs no new highs for VIX.
Cycles are down until next week, so it might dribble slightly lower, but yes, I agree it is building a base for the next bounce.
SC, where do you see next major support for XIV if $23 not hold?
$21's is the Sept low.
We might see XIV 19.50, rather fast.
7% down from all time highs in S&P. Not much at all. Pathetic :(
19.50 i would buy huge
I would buy a lot if it goes down to 19.50 as well..
Can't believe that people can't see that this has morphed into a fully blown bear market!
i agree it is a bear market however you gotta be able to find the bottom and trade it
And so much for that golden cross, which is on its way to being cancelled out. That's about as bearish a sgnal as one can get.
the rally once it bottoms will be tremendous but obviously i would sell tat rally
SPX is finally testing my support zone today. The Cycle low is due next week.
S&P only 9% down from all time highs. Still really pathetic downside action. I'd like to see the August 24 S&P 1833 premarket low. That's a nice 14% down.
Look at thes biggesr picture. The precious metals COT were the most bullish on record back in late November.That is coinciding with the commencement of a major bear stock market and you want to buy DUST!!?Are you CRAZY?!!!
A word of advice....you don't bottom pick in a major bear market. You may get lucky but most of the time just your head served up on a platter.Bear markts play out totally difereently to bull markets and require a totally diffetent approach.The Fed won't have your back this time around!
SC, the problem is that XIV already at $21s, with low not due until 13th, do you see below $20s really may be coming?
I'm just going to wait and see on the 13th. The next high is around the 19th.I have a chart coming showing the bigger picture for this year and it is very possitive.
you mean Jan 19 or Feb 19, because for Jan 19 the bounce is only 3 days?
It is Jan 19th. That's just the next high. Ideally the Cycle bottoms Jan 13, and spikes up into Jan 19. Then flatten out and consolidate sideways. Feb looks like consolidation. March looks extremely positive. I expect a new high for the S&P in March.
Thanks, SC, I will wait for next week to buy more XIV. How high do you think XIV can pop by the 19th?
bought more dust
you guys are to emotional call me when dust is trading at 17
the market will bounce of 1924
average cost in dust 12.80 on 30000 shares
hey pal been trading markets for 30 years i know the risk
good luck every one
Possible tomorrow we hit S&P 1905. China investors are allowed to sell their stuff from July 8 lock. Also, the recent trading halts might have made China investors very nervous..which leads them to dump on market open. Gap down, global.
@Be carefulYou r sniffing only doom all around you, drink beers, loosen up a lil bit etc. From 2k11 we somhow hav the same pattern with some modifications/alternation in it.
S&P, hammer rejected by daily lower bollinger band. Awful. The tide is down, down, down. I like it!
http://tinyurl.com/zq93625observing the various posters is extremely interesting...only a handful of posters have recognized that we are in a bear market...surprises will occur to the downside...traders should be looking to sell rallys rather than buy dips...
i dont agree buy bottoms and short rips ive been trading uvxy and xiv all day
obviously my reference was the stock market indices...
dust target 16.50 the reason why i feel that way is because similar to december 4th formation i believe gdx could hitlow 13teens witch should bring dust to that level
SC, what does your cycle work should for next week on the spx?
The bottom is due January 13th. Maybe we could see 1900 tested but it is getting so close to a major bottom...
the rally when hits bottom could go to 1984 to 1996 ultimately it is my belief that we could go much lower after that probably to feb 14 low 1735 we will see
SC I don't understand you. Two weeks ago you stated that the golden cross was super bullish.Well we just had another death cross after the golden cross failed and yet you say the SPX hits new all-time highs in March?Do you need reminding of how super bearsh a failed golden cross is?Most US anaysts are total denial with many questioning why markets are tanking on what is occuring in China.It just shows how little they understand what has changed in the world in the last decade, with many still mired in the days when the US led the world and if the US markets sneezed the rest of the world caught a cold.Those days are long gone. The US is no longer the engine of global growth and the USD is being dethroned.Commercial traders were not the most bullish ever on gold recently without reason.
I hear you, and agree with much of it, but as always it's a matter of timing. Of course the long term looks ugly, but one step at a time. Timing is due for a major bottom, check out the new chart update posted!
First, media is the no1 tool for manipulation and a place for stupidity to be watched by everyone!