Finding the edge in analyzing unique market Cycles.
May see a price undercut $12.
sc at what price are you willing to jump into upro
I'd like to see some capitulation on "bad news". Interested in upro and svxy. Upro might see $44.50.
i will buy big there i buy every dip and then sell
Sold spxl will buy back on move down
SC, we are at turn date 7/6 and it is 72 points off the recent low 2691, so I assume today is a high. What is your down side target in term of both of price and time?
SPX rose sharply on the turn date. Most likely the low is in and price grinding higher again. Next level to watch 2,830.
ive been riding this beast are you planing on taking any action on long side or waiting for 45 on upro
I guess everybody on vacation?
SPX looks good but the rally from February is two thirds over now. One third left.
today is a Bradley turn date i think we dip one more time
SC - seems like the last leg of this rally could end around 2830 SPX?
Should see over 2,900 SPX.
but your not buying? are you expecting a dipbefore you buy? your thoughts
I might, but not much will happen. A month from now SPX will likely trade at the same price.
Not on vacation but this market has me on my toes.
Scared money don't make money
Hi SC,Looking at your posted buys/sell,you haven’t made a trade since mid April. Is there a number you are looking at to take a position or are you just watching how the market is reacting?Thank you for all your help with trading!
Market has been moving slow and I've been busy so haven't been that active. Since February I've been focused on long positions though. In March I identified that SPX would transition into a slowly grinding up market. We are seeing that unfold. I'd estimate that the grind up is two thirds over with one third left. Slow and steady grind up for months next.Once the grind up finishes later this year it will become quite exciting and fast paced again!
SC,How much longer until UVXY is a buy again? What are you expecting for an entry price target?
UVXY $5. I'd estimate November. Many months away for the next big move.It'll see some small pops in the $8-$9 range but nothing big until late this year.
SPX floor building at 2,780. Rattle between 2,780 and 2,800 for the next week then grind up to 2,830 in August.
it would not suprise me to see a smack down coming before 2830
New chart posted!