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Friday, May 24, 2019

UVXY - Triangle Symmetry

UVXY has been cooling off, and may be getting ready to spike soon.  Price should settle back some more though as the timing matures.  Maybe a week to go which coincides with month-end.

Month-end low with potential spike up thereafter.

Daily

60 comments:

  1. UVXY tested $33.60 and made a little pop yesterday.

    SCMay 17, 2019 at 9:43 AM

    "UVXY could see the gap $31.50 to $33.60 tested or filled."

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  2. SPX plunged on May 23rd. It was very close yesterday but SPX hasn't put in the lower low yet. Still possible 2,795 next week.

    SCMay 20, 2019 at 10:05 AM

    "Lower low probable for SPX this week. Remember our model predicts a low this week by May 24th."

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  3. This was correct. SPX is catching up this week with the drop SVXY already made earlier in the month. SVXY lost half the rally from December. SPX is catching up.

    This is why UVXY is underperforming at the moment, but it'll spike when it's ready...

    SCMay 13, 2019 at 8:07 AM

    "I think for SVXY watch for low this week and for SPX low due next week."

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  4. Vix ain't acting like a drop is coming

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  5. We've seen the drop, now let's see the pop! 2,860 SPX.

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  6. SC, another great call!
    Are you selling UVXY and buying UPRO?

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  7. Done!

    SCMay 13, 2019 at 10:21 AM

    "DOW down 700. 300 more to go."

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  8. And done!

    SCMay 9, 2019 at 10:59 AM

    "So far this is a quite shallow pullback. Technically the level to watch is a retest of the March dips. 2,770."

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  9. short uvxy at 39.50 out of all shorts

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  10. sc what is your uvxy target to the downside and svxy

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  11. UVXY is going to go up HUUUUUUUUGE starting tomorrow.

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    Replies
    1. I believe after June 3rd just takin short term trade up to 2860 then out

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  12. Sc what is your target in upro 49 ?
    And also short term uvxy 35

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  13. sold uvxy pre market nice profit over nite

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    Replies
    1. UVXY $31.50 technically but possibly as low as $30. SVXY has already hit its $53 target.

      UPRO $50.

      Delete
    2. so ur thinking gap fill uvxy im gonna short again if she pops up the only problem i have to hold overnite because hard to borrow program

      Delete
  14. sc what do you think about this chart

    https://imgur.com/a/23uAslE

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  15. maybe after a pop to 2850 then a drop

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  16. The fact we couldn't get above SPX 2800 this AM look really ominous to me. I wouldn't be at all surprised if we have another waterfall decline in the coming weeks like December,and revisit the December 24 low.

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  17. With UVXY being down 3 weeks, it is a confirmation that a bounce is coming for SPX.

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  18. GBTC hit $12 today, support $7.50 with stronger support $5.50.

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  19. Maybe I'll short that pig if it goes higher

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  20. SPX can go as high as 2,880 on this move but the rule is don't try to push it too far on the last move. 2,860 is enough. Always sacrifice a little to the market gods to appease them.

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  21. Can I say now - I told you so!!!!

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  22. got you beat, as stated here week or 2 ago, gap at 2707 needs to be filled before big move north....its begging for it..still short...
    its very easy to see on daily

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    Replies
    1. DOW gap being tested now.

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    2. Dow gap is lower at 24674
      spx at 2718...
      vix backwardation muting any big L vix component movess

      Delete
  23. UVXY $40 up $2 haha! That's it...
    Pathetic!!!

    ReplyDelete
    Replies
    1. lol if the market reverse and goes up uvxy will drop like a stone

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    2. there is a gap feb 11 of about 2712 and march 8th @ 2744

      Delete
  24. Tweets
    Tweets, current page.
    Tweets & replies Media



    Peter Ghostine



    @PeterGhostine
    1h
    1 hour ago


    More
    We'll be covering all of our $SPY and $AAPL shorts this morning in the 2741-2753 area of the $ES. But we'll look to reestablish those shorts upon a rally back to the ~2,790 area. The final descent should target ~2,700.

    http://www.61point8.com/Portals/0/article%20images/2019/20190531/20190531ES1.png …

    ReplyDelete
  25. 2650 overshoot to heavy buy volume zone...tough to push it thru there....

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  26. Vix is in backwardation....thus the issue...

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  27. sc where u see this drop ends on spx?

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    Replies
    1. Our strong bounce is likely starting now. 2,830 SPX next week. Then 2,600.

      Delete
  28. Replies
    1. im just shocked with a move up of this magnitude uvxy isnt lower

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  29. Covered uvxy short of second load that I shorted 40.7

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  30. SPX hits our 2,880 target, UVXY $28 is about right. This can take up to 2 weeks.

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  31. You dont think we settle back before like
    2760 first wave 4

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    Replies
    1. This bar is very positive in the model which is why we see the sharp rally. Doubt it'll settle much but it does need some consolidation 2,800 to 2,830 before it rises to 2,880.

      Delete
  32. looking for an entry to short uvxy

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