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Thursday, July 28, 2016

UVXY - Interesting Time and Price

Time and price has reached an interesting turning point.  Today, July 28th is the date forecast for a turn date and high.  August 10th is a date for a significant low.

UVXY appears to be ready for a pop.

15min Chart
















29 comments:

  1. SPX hit the brick wall of resistance on the July 15th turn date, and has failed to advance.

    SCJuly 19, 2016 at 7:01 AM

    "SPX has continued to show weakness since the turn date on July 15th. Next turn date and low is coming due July 22. After that July 28 interesting for a high."

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  2. XIV hit all the targets. Next target $27's.

    SCJuly 20, 2016 at 7:42 AM

    "Yes, XIV is testing the pink resistance $31. Expect a dip to $30, and up to $32 next week. Then $27."

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  3. SC, What is max pain on UXVY. Thanks

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  4. UVXY has reached the July target. $25 which is $5 pre-split.

    SCJune 16, 2016 at 9:44 AM

    "UVXY $5 next."

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    Replies
    1. UVXY has reached the target, therefore ready to pop!

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  5. SPX has nearly reached it's target!

    SCJuly 19, 2016 at 10:26 AM

    "July 28 could see a higher high. 2180."

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  6. Gold and Silver could break out here....the bulls are buying all dips....1400's and 24 coming...could be a dip but it will be bought

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    Replies
    1. Short term play gdx down into 4to 5th up to 35 after that

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  7. Hi SC, the cycle date you mention, JUL 28, could you explain to me where it is based on?

    I am focused on AUG 2/3 (35 day cycle since Low JUN 27) and AUG 5/8 (bradley).

    Don't get me wrong, I am on the same path as you, short usa, for the short term...but Higher High into SEP 5/9, to finish the abcde wedge. After that, I expect an abc down, major wave IV, for a Lower Low <1810.

    Edwin.

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    Replies
    1. Edwin,when do you thin major wave IV , lower than a1810 finish, some people are saying end of nov and jan20.
      2. some are saying next year it will go to 2300-2500. others saying 1700 to 1950 to 1400 etc and lower

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  8. I wish I knew Rose...depends on how it evolves in time. My guestimate would be a higher high at the 70 day cycle, FEB 10 low + 70 = APR 20 high +70 = JUN 28 low +70 = SEP 6 high? to finish this wave up. And then two scenarios I keep in mind:1. the real crash starts or 2.a wave IV for a Lower Low which is followed by the last wave (V) up.

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    Replies
    1. Thanks. That is true. Some people saying. 4th down to 1700 or so. Then 2300 to 2400. Next yr. But otheres sayig. This is 5th wave. Downhill from here

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  9. Rose...to show it with a picture..click on the link http://tripstrading.com/2016/07/02/sp500-follow-heart/ and scroll down to see the long term elliot wave and monthly chart.


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  10. i cant remember the last time i saw strange price action
    i believe a drop is coming

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  11. Morning Star candlestick pattern on UVXY...daily chart. Just a guess...

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    Replies
    1. thats not a guess thats exaxctly what it is

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  12. Markets closed strong today, doesn't look like any weakness here.

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  13. SC,
    one big drawback to cycles is central bankers.....QE and low rates is a direct enemy of the VIX and the CBankers know it thus why they keep going back to that well....makes it hard to time anything....think back to 2007-8 and how many fake outs their were before the big move....something similar is playing out now...

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    Replies
    1. someone gets it! CB's control all aspects of liquidity and interest rates daily. Whatever the market discusses, the CB's counter it with a variety of monetary operations.
      Pick your poison: Reverse Repos, MBS purchases,BofJ SPY purchases, it all goes on DAILY.

      Delete
  14. Amazing jobs report. 2139 is now base on pullbacks for August. 2182 is expected because it was hit in past, overnight.

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  15. Dow 18622 is the magic number now in the market. Above it on negative hourly divergence will be interesting.

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  16. This comment has been removed by the author.

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