However, the spike has been too much and too fast. The gap is likely to fill next as shown on the chart.
The roller coaster to continue...
60min Chart
Before:
April 10, 2017 analysis:
"SPX should be ready this week for another attempt to break channel resistance. The next strong resistance is located at 2,400 which is likely to be tested this month."
60min Chart
SPX is peaking at the horizontal resistance.
ReplyDeleteThe picture is not so simple for XIV. Frankly the XIV chart looks considerably stronger. I'm not seeing excessive complacency at this time.
ReplyDeleteUVXY is likely to be significantly lower on the second spike for SPX in the chart shown in May...
i believe at end of day we will be trading 2405
ReplyDeleteNext low for SPX May 5th or May 8th. 2,355 SPX target. Possibly even as low as 2,340.
ReplyDeleteso the plan is to buy uvxy in the 13.50 area correct
ReplyDeleteYes, I plan to enter UVXY for a pop.
Deletethis week
DeleteUVXY $13's. Expecting it to pop next week, but there is no rush to enter.
Deletethanks have a great nite
DeleteSVXY intraday buy signal...whipsaw action...ECB tomorrow before the US market opens...
ReplyDeleteSVXY intraday sell signal...definite whipsaw action...poised for a more dramatic move in short order...
Deletei believe this is the time to buy uvxy for approx 60% gain by end of may
ReplyDeletespx down to 2290
ReplyDeleteXIV has reached the white line, but it's rising resistance unlike SPX with much weaker horizontal resistance.
ReplyDeleteThat is why I'm having patience with UVXY entry.
are your expectations to buy friday or monday
DeleteTurn date is coming due tomorrow April 28th.
DeleteSC.. When do you plan to buy UVXY??
ReplyDeleteIt's really quiet so I'm still waiting.
DeleteSC, u see SPX topped and start to drop?
ReplyDeleteYes, SPX decline is underway.
Deletedo you have any other fractals for the SPX? could this thing come crashing down in the next 2 -3 months?
ReplyDeleteCurrently SPX is in a choppy period of whipsaws up and down. Yes, the overall picture is bearish, and the choppy period will resolve to the downside.
DeleteHaving said that, it's best to show the moves one step at a time.
its looking very 1987 crashy like
ReplyDeleteU bought uvxy david
Deleteyes i did.. if it doesnt play out i ll have to revaulate...and if i cant figure it out... try and exit as soon as i can
ReplyDeleteIve been trading in and out
DeleteI will probally buy in the 13.70
We will see
sc at what point would you buy uvxy my indicators say 12.80
ReplyDeletei exited early this morning but still looking for entry today or probably tomorrow ..maybe until fomc is over
ReplyDeleteif you grab the bottoms from feb 15 to march 21 all the way across its looking like 11
ReplyDeleteI'm expecting XIV to flatten off as the week progresses. So once I see that occur I'll be taking a position, and UVXY will be ready for a nice pop into the next turn date of May 19th.
ReplyDeletethanks
ReplyDeleteThe turn dates keep turning.
ReplyDelete28th?
5th for a low?
Now the 19thth
SC, what's your take on SPX, some are calling for breakout and new highs, but iwm seems to be leading the way down??
ReplyDeleteSPX looks weak, basically flat. Flat and dip for the next 3 weeks.
Deletewith the vix being so low hit 9.90 wondering if uvxy could be bought here at this level
DeleteI like what I'm seeing for UVXY.
Deletewhat do you think the low could be for uvxy because i buy big i dont mind buying here and averaging in your thoughts
DeleteIt's very close.
DeleteOm feeling the same bought some at 13
Deletei feel tyhe same thats why i bought at 13
DeleteNew analysis posted!
ReplyDelete