Finding the edge in analyzing unique market Cycles.
what would be the stop loss in this
$61 is the February low for XIV.
haven't posted here in more than a year...have been lurking...this blog is essential for contrarian plays!
hopefully that was the bottom 2340
The SPX 2,340 target has been reached. The spike up is due Wed/Thurs.
since your entry in xiv was 68.15 does that mean that your exit price will be 4 points lower than 72
I have two targets for XIV this month. The first target due later this week I am going to reduce to $70. The second target due the last week of April will stay the same at $72 for XIV.
if all goes well we could tag 2380 bt thursday
this blog is essential for contrarian plays..lol...funny..base on my interpretation of your fractal...today should be the bottom and looking for a spike up in the next couple days in the spx..
The bottom will be next week..new low tomorrow.
Sorry, looking for a low Thursday.
of what the market uvxy xiv what are you talkin about
Sorry Louis, I should have been more explicit. XIV will see a temp low Thursday. From their we will see new lows for April 20th.
so you are betting against sc correct
because my indicators are telling me Upside target is 2390 for Thursday.
i believe this will finish larger b wave and take out c
I am not betting against him, I am just taking the other side of the trade. LOL
My target for XIV is $48
show your proof and time frame
Hey Louis,$48 is the 250 EMA for XIVI have no timeframe....just the price I'm willing to enter XIV at.
QQQ in next 2 days 132
You are a brave man Louise. Good luck
its louis not louise
Sorry, it will not happen again !
re-evaluating the fractal..looks now like the low in xiv might be 50 and end of april still have the move left down on xiv?
A large rally is coming stay long my opinion
gold will get hammered
$SPY. I'm now convinced wave 3 of FINAL wave 5' began at today's low. The end of this earnings season will bring in the next downmy indicators have spy 138 and qqq 132.5
Great, you have a game plan. What is other part of your game plan Louise ? In other words, where will be your stop loss if perhaps you maybe wrong ?
waves are only good if surfing. They have been debunked and anyone following elliot is now broke.....not trying to put damper on Louis...just trying to be realistic and keep others out of wave trouble......it doesn't work
This is a strong chart for XIV. I definitely will continue to hold XIV. I'm confident a $72 target will be reached later in April.I expect XIV to rise gradually to start, and then accelerate upwards with a spike up in the last week of April. The move will take about two and a half weeks time.
SC, will this 72 be part of a corrective move up and a lower low in May? 72 seems like a retrace target for XIV (and the markets)
Technically SPX should touch 2,400 to retest the high, and XIV test $75. I keep the target for XIV conservative at $72.April looks positive and May negative.
Beautiful symmetry in the SPX chart! Both time and price!!
XIV showing relative signs of strength. Yesterday XIV was down $4 on a 15 point SPX dip. Today SPX is down 8 points and XIV is flat. What a huge difference.
Sc where u bought xiv
Long XIV at $68.15 with a target of $72.
2317. ES. Possibly by April 20
It's going to be interesting. It is possible that SPX does come down to test the bottom of the channel around 2,300.
If SPX comes down to 2,300 then I still see it bouncing to 2,380.In that case I will hold my position and wait for the bounce which would take a few weeks.
why not sell and resett at a better entry
Could do. It is possible that SPX comes down to 2,300. If that happens XIV could see $58 and then bounce to $69 or so.
So if the market comes down here I would be stuck for several weeks and expect to break even basically.
i buy 5000 to 10000 shares at a time why not buy more shares at 58 instead of waiting to break even
since i shorted uvxy at 18.20 it has moved against me how high is that going to go if we go 2 2300
I'm just talking in the worst case. It's unlikely lol. In my opinion the most likely is that XIV rises towards $70 short term.
I fully agree with you for a large bounce back up close to the 2400. But first, new lower lows. 2317 especially min
Okay sounds good!
XIV chart update coming!
New chart posted!