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Friday, September 9, 2016

$SPX - Destined to Rise into the Election!

A decline was due.  SPX obeyed the Cycle and declined into the turn date.  Today, SPX is testing strong geometric support.  There is little room for downside.

SPX is destined to rise higher into the election!

The next three turn dates for SPX are shown on the chart.   

60min Chart
















26 comments:

  1. This is clearly a bear trap!

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  2. Replies
    1. What's your timeline for this target? Thx

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    2. November 11, 2016. I have a chart coming for XIV.

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    3. November 11, 2016. I have a chart coming for XIV.

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  3. Short term I expect SPX to bounce next week. There is a minor low due September 22nd. So a retest of this low again on September 22nd looks likely.

    September 22nd to October 6th looks extremely bullish.

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  4. XIV near to testing 50 dma support, and it's rising very sharply.

    Bottom line, it's still a positive chart configuration...

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  5. Nice work, SC...between your turn dates and insights coupled with Jay's JayWiz projections, it's been a very profitable year. Certainly took the 'guess work' out of when to buy...and sell...UVXY...28% gain today alone. Keep up the great work!

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  6. What worries me is every site I read is saying a bounce is coming to possible new highs as early as Monday. Usually when everyone thinks it, it doesn't happen

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    Replies
    1. I certainly do not expect a new high this week. but do expect a solid bounce.

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    2. Don't worry..."B" happy!
      As mentioned, shorting past Monday, not recommended...just a guess.

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  7. So we are now well below your midfork bounce point as marked on that chart, right?

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  8. hi, guys

    S&P made top or not..

    we can know soon.

    if made top. a final low is possible around Nov. 10

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    Replies
    1. If SP500 made a top the final low will be in Q1 2017 - 18 month cycle low(hurst cycles).
      Currently we are seeing 40 week cycle low.
      The current move lower will be over soon.
      The only question is if the next 40 week cycle will make higher high or not before the market moves lower for 5-6 months.

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    2. First I need to see SPX will hit the bottom or not around Oct.7

      If SPX make a low then new high is coming after Oct. 7.

      If SPX does not make a low around OCT, 7 then more down move is coming.. 5- 6 months down is possiible,

      My cycle is dynamic. I can know soon.

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  9. Now I am sure spx made TOP.. .

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    Replies
    1. S&P has not reached the bottom for this short term down
      trend yet. S&P will go lower than yesterday low.

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  10. Vix looks weak. Therefore, market likely to firm up.

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  11. Vix looks weak. Therefore, market likely to firm up.

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  12. Today's drop was always a potential candidate...but all signs point to a strong rally...likely firmly underway by this time Wednesday...although we may visit Sp500 2116-ish first. Just a guess...

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