Finding the edge in analyzing unique market Cycles.
Took profits UVXY at $19.
Tricky week to navigate, but we are making money and that is what is most important.
Looking to enter SVXY soon. Simple strategy trading the range $11's to $13's.
SC I know you're looking to buy soon, but does this not look like the second leg down in the previous model?
No, the second leg down occurs after the whipsaw phase. This is only the first whipsaw. These are small moves. The second leg down is a large move. SPX may or may not see a slight lower low here. It'll be close, but this isn't the second leg.
upro 125 what would be the buy on this 120
you still see big rally coming and from where? have been buying UPRO on the drop
The rally is coming. I will be building positions next week.
I see, SC, have been buying for the big rally like Louis
Timing: The whipsaw phase has begun and is due to last 7 weeks ending May 11th. The second leg down is due to start May 14th and last 4 weeks, and decline each of those 4 weeks.
Bottom due June 8th.
SC, any targets for the second leg down?
This is nothing. The market is only down 1 week.
so you are still expecting rally to 2800 before smackdowncorrect?
Yes rally to SPX 2,875.
SC - can spx see a new low around 2460 then rally up to the target?
Technically this is a retest of the February low for SPX.
There's $20...March 22, 2018 at 6:59 AM"Bought UVXY 17.05."SCMarch 22, 2018 at 7:00 AM"Just for fun lol. Might see $20."
I'm going to buy another block when this thing hits the bottom
where do you buy next, you have been calling big rally since last week?
SC,UVXY $5-10 still in the cards?
Yes $10. The decay is not as steep as it used to be given the change in leverage to 1.5x.
SC, do you look for a trip to 100 here as a buy for silver, or will we see a lower entry point?http://www.macrotrends.net/1441/gold-to-silver-ratio
Thank you, nice chart. Yes, I expect lower Gold and Silver but Silver is more leveraged and the trend should continue. Silver should fall faster than Gold.
Your are welcome and thanks for the comment!
SPX popping. It should retest Fridays low.
SC - you're waiting to buy SVXY when it gets near 11?
SC, planning on SVXY entry today?
Looking to enter SVXY soon. Today or tomorrow. Probably around $11.25.The numbers already look quite attractive with upside. Resistance is in the $13's.
what is your thoughts on upro? i boughgt some friday along with spxl i have a nice position 46 44 and 39
UPRO looking good. Settling down nicely. 7 week rally coming...
SC - these markets are moving quite fast. Will it really take 7 weeks to rally 200 SPX points?
The next high for SVXY can come as soon as next week. The weekly chart is pressuring it to the upside. Whipsaws for 7 weeks for SVXY.
Inform yourselves about the moral problem of tradinghttps://sites.google.com/site/tradingonlineamoralproblem
thats why i give 10 percent to the church
It's time to watch Bitcoin again. The Tokyo whale has been selling, but bitcoin may be approaching a low. GBTC approaching the 50 weekly at $10.47 which has never been tested... SCJanuary 16, 2018 at 3:04 PM"Bitcoin has dropped to $10,000. $5,000 looks possible next."
SPX 50 weekly at 2,560...
what do you mean by that is that may june second leg or your expecting that as a another bottom
sc is that the 50 day weekly moving average and do you expect that to go to that level before the second eg down your thoughts
It is the 50 weekly. It's been providing the support.
SOLD 39 DOLLAR SPXL AT 42.75 WILL BUY BACK IF WE DIP
SVXY is weaker than SPX. SPX may have bottomed already but SVXY probably not. SVXY should perform better next week.
NASDAQ getting smack
There we go. Coming down into the zone. Quick Trump tweet something haha.
Bought 50% SVXY at $11.38.
u gonna buy any upro or your waiting
that why i sold today at 42.75 so i could buy cheaper
Yes I plan to enter UPRO and increase SVXY.
SC we are almost at 11 SVXY - are you planning on buying more soon or are you waiting for 2560 SPX?
S&P 2519.36 will happen soon.
That would be awesome but I doubt it highly I think 2560 would be the bottom at most in my opinion but if it did it 2519 I'm going to go ballistic on the buy side
2460 yo close gap
Are you talking about the September 11th Gap up
With the boyz working to test SP500 2585 in the not-too-distant future, here's some bearishly biased Bradley VooDoo to ponder...just for fun...because Dr Bradley's dark majik is highly subjective...and perhaps just a tad crazy. Anyway, focusing on three major turn dates...29 Jan, 21 March, and 1 June...to date, the market has moved noticeably lower after the first two dates...Coincidence? Hmmmm...in light of current market action, the implication suggests a continued move lower into 1 June...yes, with several likely very powerful head-fake and relief rallies along the way, but with an overall lower bias into 1 June all the same. But as mentioned, this VooDoo is just for fun...so, Be Careful!
we are sitting on 200 day moving average daily chart if we stay above we should explode higher it is my belief today is the bottom
Bought UPRO $127.50.
Thanks SC - think we can make it to 2825 SPX before rolling over again?
It's early to say. I am quite bullish SPX.
There is $10.45.SCMarch 26, 2018 at 11:48 AM"It's time to watch Bitcoin again. The Tokyo whale has been selling, but bitcoin may be approaching a low. GBTC approaching the 50 weekly at $10.47 which has never been tested..."
Bought some GBTC at $10.50.
Bought second half SVXY at $11.40.
Targets UPRO $150. SVXY $13. GBTC $30.
SVXY looks great weekly is very strong. I expect we have seen the low on this move.
GBTC may see as low as $7 or $8 on a capitulation. If it does I'll add. $30 target is nice upside potential...
What is your time frame on gbtc and what's the risk ratio compared to spxl and upro I made money with gbtc a couple of times and also thanks for your great work I appreciate it
2 month target. It's aggressive.
Sold GBTC at $10.65. I don't like how it is interacting here today. I'll wait for $8. Capitulation may occur for bitcoin next week.
S c what is the time frame on upro for 1:50
Soon, in April. Possibly as soon as this week.
SC, was yesterday’s bitcoin low of $6600 the bottom?
No, it may see a small bounce, but lower low than February likely in April.
New chart posted!