Finding the edge in analyzing unique market Cycles.
Well should have taken profits on Thursday except I was tied up with the long weekend. Oh well. I'll wait for the big bounce.
we should see 2700 here
Is it Dr Bradley's VooDoo underway...or just another Coincidence? Hmmmm...Be Careful!
gbtc up as gxbt down bought more spxl 37.50
I think the $INDU wants the 50 WMA. . .and I think it wants it today.
That could be. SPX has tested it's 50 weekly at 2,565, but the DOW 50 weekly is a little lower at 23,100.
For the PapaBears of the world...if W1 ended at 2585-ish, and Friday was W2, then W3 could target 2330-ish, with a final W5 low around 2200-ish (bearish targets are complements of Brother Pretzel). And as mentioned, Dr Bradley's VooDoo dates indicate a significant low/turn around 1 June...Coincidence? Hmmmm...SP500 down 3% at this time, so Be Careful!
Wrong counts from this brother, corrective moves lower and 40 week cycle low. April and May are higher.
I agree krasi april may higher
Always in motion the future is...and the battle between bull and bear continues...but thank you for your insightful thoughts...the truth will be revealed in due time, until then...Be Careful!
im prepared to go ballistic at bottom
it wouldnt suprise me too see 2700 by fri mon
$11 SVXY has been reached today, and was up last week!SCMarch 20, 2018 at 10:46 AM"I think it may be possible for SVXY to test around $11. The weekly is starting to curl up though. If we are down this week we will see 3 weeks up next."
good call next target 13 spx 2700 still in playyour thoughts
SC - are we expecting 1 or 2 round trips between 2800 and 2600 during this whipsaw phase before the next leg down occurs?
SC - are you thinking we could still hit 13s on SVXY next week?
2489Be Careful March 28, 2018 at 6:38 AMS&P 2519.36 will happen soon.
not till may june in my opinion
sold my gbtc at 12.50
2528, 2519, 2489. All will happen. Some before April 13.
i doubt it but if it happens i will buy a boat load
Long svxy 11
that was probally the bottom till june
sc your back up whats your thoughts on upro
Gosh damn. Squeeze. 2675, 2692, 2711, 2725. So much work ahead.Be Careful April 4, 2018 at 6:52 AM2528, 2519, 2489. All will happen. Some before April 13.
I agree with your 2489 number but not now sometime the end of May June that's what I believe
sc thoughts on upro still 150 thanks
out of spxl 37 and 38 stock out at 42.34 still have large position
Always good to take some profits in a choppy market. Nice to have some cash to take advantage of opportunities along the way.
SPX nice reaction to the 50 weekly and channel support as identified!SPX may reach as high as 2,925 on this move. Expect a couple pullbacks on the way. The first around 2,700 from the resistance as shown on the chart. The second in the 2800's.
That's awesome I got 20 thousand shares of spxl average 4 0 and I still have my U pro that I bought thanks for all your help much appreciated that will be fun if we could get 29 00 on this move
UPRO target $165 but there will be pullbacks along the way probably from around $137 to $143, $150.
Nice, will buy 8000 shares more UPRO tomorrow.
S&P 2620 = dangerous level.
Nothing quite like the certainty of uncertainty...coincidence? Hmmmm....well, if you're still uncertain due to the ongoing uncertainty, you're certainly welcome to consider this... www.pretzelcharts.com ...for certain, always in motion the future is, so certainly Be Careful!
Seems like another wave down to 2525-2565 before the rally to 2800. Now I see why SC called this the whipsaw phase. Totally wild!!
Market has spoken! Strong reaction to the 50 weekly and channel support. Up until April 17.SCApril 5, 2018 at 12:38 PM"SPX nice reaction to the 50 weekly and channel support as identified!"
sc you are expecting 2700 area by april 17th then a dip and then 2800 is that correct thanks
Yes, that is correct.
SC - gold seems like it could be a good long-term short soon somewhere between 1375-1400? Might be close to making its final highs in the next week or so?
You want to be careful about shorting gold if this starts going north in a significant way.http://stockcharts.com/c-sc/sc?s=BGEIX%3A%24GOLD&p=W&yr=2&mn=0&dy=0&i=t51927868715&r=1518688120012
Gold topping, bitcoin bottoming. Inversely correlated.
RUT daily chart shows a H&S...and the right shoulder is peaking...Coincidence? Hmmmm...perhaps bank earnings will save the day, then again, maybe it's time to Be Careful!
Strong week. Notice SVXY really perking up.
sc do you plan on selling on april 17th your thoughts
We are testing near the 2,700 SPX resistance on the chart and timing April 17th due for at least some consolidation soon or possible pullback. I plan to take some profits and watch how things shape up next.SCApril 10, 2018 at 9:02 AM"Market has spoken! Strong reaction to the 50 weekly and channel support. Up until April 17."
OpEx week, H&S on RUT daily chart, and a potential turn by 17 April...Coincidence? Hmmmm...bearish OpEx weeks have become rare events, but if the H&S pattern plays out in the next few days, then it's time to Be Careful!
Sold UPRO $136.35.
Sold SVXY $12.18.
We'll see what happens next. Protecting profits. Concerned bitcoin capitulation may occur soon.
SC - I take it possible bitcoin capitulation could impact SPX as well?
Bitcoin capitulation could drag down SPX short term. SVXY may washout if it happens.
There is a possibility that we could get smaked down here 2600 ? sc your thoughts
It is possible. I'm going to sit back and review some charts.
dumped upro at 138.50
2712 gap fill ?
OpEx week and another rally...Coincidence? Hmmmm...nothing to see here folks, move along, move along. RUT H&S is now null & void...but 17-18 April may become the high...so, Be Careful!
sc your thoughts on spxs at this point looks like markets topping or spxu opposite upro thanks
SC,Is 14 a good place to add UVXY? Or are you still waiting for $10?
UVXY $12 could be interesting.
Any updated charts on where we are headed?
I'll post an update soon. Just waiting to see a little more price action. So far so good.
possible slapdown tomm
SPX has reached the initial target identified on the chart. I'm just watching here for now.
i will be going long after we hit 2640 50 area and then we should move up to 2750
sc what level would you go long spx for a big move into end of month your thoughts and thanx
anybody going long at the bottom 2650 area
I'll wait and see how things look Monday.