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Thursday, March 22, 2018

SVXY - Short Term Targets

SVXY is declining towards short term support.  A trading range has established in the $11 to $13 range, and that is expected to continue into May.

Overhead horizontal resistance has been identified.

30min Chart

73 comments:

  1. Tricky week to navigate, but we are making money and that is what is most important.

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  2. Looking to enter SVXY soon. Simple strategy trading the range $11's to $13's.

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    Replies
    1. SC I know you're looking to buy soon, but does this not look like the second leg down in the previous model?

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    2. 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.

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  3. upro 125 what would be the buy on this 120

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    Replies
    1. you still see big rally coming and from where? have been buying UPRO on the drop

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    2. The rally is coming. I will be building positions next week.

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    3. I see, SC, have been buying for the big rally like Louis

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  4. 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.

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  5. This is nothing. The market is only down 1 week.

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    Replies
    1. so you are still expecting rally to 2800 before smackdown
      correct?

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    2. Yes rally to SPX 2,875.

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    3. SC - can spx see a new low around 2460 then rally up to the target?

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    4. Technically this is a retest of the February low for SPX.

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  6. 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."

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  7. I'm going to buy another block when this thing hits the bottom

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    Replies
    1. where do you buy next, you have been calling big rally since last week?

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  8. SC,

    UVXY $5-10 still in the cards?

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    Replies
    1. Yes $10. The decay is not as steep as it used to be given the change in leverage to 1.5x.

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  9. 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

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    Replies
    1. 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.

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    2. Your are welcome and thanks for the comment!

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  10. SPX popping. It should retest Fridays low.

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    Replies
    1. SC - you're waiting to buy SVXY when it gets near 11?

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    2. SC, planning on SVXY entry today?

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  11. 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.

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    Replies
    1. what is your thoughts on upro? i boughgt some friday along with spxl i have a nice position 46 44 and 39

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    2. UPRO looking good. Settling down nicely. 7 week rally coming...

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    3. SC - these markets are moving quite fast. Will it really take 7 weeks to rally 200 SPX points?

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    4. 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.

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  12. Inform yourselves about the moral problem of trading

    https://sites.google.com/site/tradingonlineamoralproblem

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    Replies
    1. thats why i give 10 percent to the church

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  13. 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."

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  14. Replies
    1. what do you mean by that is that may june second leg or your expecting that as a another bottom

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    2. 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

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    3. It is the 50 weekly. It's been providing the support.

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  15. SOLD 39 DOLLAR SPXL AT 42.75 WILL BUY BACK IF WE DIP

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  16. SVXY is weaker than SPX. SPX may have bottomed already but SVXY probably not. SVXY should perform better next week.

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  17. There we go. Coming down into the zone. Quick Trump tweet something haha.

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  18. Bought 50% SVXY at $11.38.

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    Replies
    1. u gonna buy any upro or your waiting

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    2. that why i sold today at 42.75 so i could buy cheaper

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  19. Yes I plan to enter UPRO and increase SVXY.

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    Replies
    1. SC we are almost at 11 SVXY - are you planning on buying more soon or are you waiting for 2560 SPX?

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  20. Replies
    1. 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

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    2. Are you talking about the September 11th Gap up

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  21. 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!

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  22. 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

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  23. Replies
    1. Thanks SC - think we can make it to 2825 SPX before rolling over again?

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    2. It's early to say. I am quite bullish SPX.

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  24. 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..."

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  25. Bought some GBTC at $10.50.

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  26. Bought second half SVXY at $11.40.

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  27. Targets UPRO $150. SVXY $13. GBTC $30.

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  28. SVXY looks great weekly is very strong. I expect we have seen the low on this move.

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  29. GBTC may see as low as $7 or $8 on a capitulation. If it does I'll add. $30 target is nice upside potential...

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    Replies
    1. 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

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    2. 2 month target. It's aggressive.

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  30. 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.

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    Replies
    1. S c what is the time frame on upro for 1:50

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    2. Soon, in April. Possibly as soon as this week.

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  31. SC, was yesterday’s bitcoin low of $6600 the bottom?

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    Replies
    1. No, it may see a small bounce, but lower low than February likely in April.

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