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Another chart will be posted shortly with timing and a detailed map of the decline. It'll show where to expect the drops and bounces on the way down.
Thanks that will be really nice
Sc uvxy to hit 8 or 9. Will spx go to 2450 again
This week being a holiday week is quiet. SPX and XIV both forming highs this week. Nice timing to short.
Hi SC,What's ur opinion about cryptocurrencies? Seems that they are in a big bull run.To me seems that Bitcoin is in an triangle before going up. Thanks!
I could see bitcoin coming down a little more this summer, but I think up for 6 to 8 months looks possible.I don't see them as being a safe haven at all, and doubt there is any real future for them. It's the opposite. Excess liquidity is flowing to them but that'll come to an end next year.
Sc hope all is well is your target still 13 your thoughts and thanks
Yes, UVXY $13. XIV $70 to $72.
Sc, i thought your target for XIV was $60?
It is still the target. Just expect a bounce around $70.
we are running out of time for a pop in UVXY. VIX futures will roll over again next week. If we don't get a pop in the VIX this week, UVXY is likely to see 8.40 or lower next week.
thats why you have to trade it bought @9.75 sold at 10.47 today and i will buy back tomorrow 2 weeks the move in my opinion will be massive in uvxy
Exactly Louis. In, then out.If I can get a .50 to .75 run each tradee and do that a few times a month that's all I am looking for.It's nice to have the massive moves but in the meantime it all adds up.
Louis, did you reenter uvxy?What is your definition of "massive" move in uvxy? $16-18?
9.20 after split im looking for 52
Money is rushing into ‘the most dangerous trade in the world’http://www.cnbc.com/2017/07/07/money-is-rushing-into-the-most-dangerous-trade-in-the-world.html
Probably new S&P highs this week..and more rally. 2400 holds firmly.
looks like down hard tommorow spx we will see
Well I think that may have been the pop in UVXY you were looking for. Hope everyone got out.
S&P 2460 soon.
The 50 dma for SPX looks like it is about to bust. SPX has been trending down for almost a month now. The selloff is just in the beginning stage.
New S&P highs in 24-48 hours.
UVXY 8.76, then much lower. Sideways flag correction totally complete in S&P.
thats possibly however after split it will probally go to 52
Long uvxy 9.20
down hard into friday possible
2385 by july 24 25
Down through OPEX?
sc wonder if it would be smart to go into vxx instead of uvxyyour thoughts split concerns last set up like this we saw 10 percent volatility erosion
dumped uvxy at 9.10
XIV $100 or $60? Which comes first?Sc, any updates on gold?
didnt he tell us 70
Long 25000 vxx 12.22
Louis you have an exit target for VXX?Still waiting for my $100 XIV but very very close....
i believe july 24 to 26 that uvxy will be 12 or after split 48 maybe higher not sure and and vxx to move up with it maybe 15 or so we will see im not sure if next drop will break 2400
long vxx at 12
SPX:VIX RATIO = 255http://stockcharts.com/h-sc/ui?s=$SPX:$VIX&p=M&st=1989-03-16&en=%28today%29&id=p56596247166&a=296187083&r=1363776061098&cmd=printIdeal time to short XIV...
SC can u pl give update
XIV update is posted!