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Tuesday, September 24, 2019

UVXY - V Bottom

There is strong probability that UVXY has formed a V bottom.

Expect UVXY to rise the same way it came down.  UVXY can be up every day next as it rises towards to the red line as shown.

15min Chart

















30min Chart




162 comments:

  1. Replies
    1. Expect it to follow the orange line.

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    2. UVXY was too low this morning under the orange line so it shot up. Now it's well above.

      So settle or sideways for UVXY as we wait for the line to rise.

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  2. vix up 2.24 uvxy up 1.40 not making sense to me?

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  3. VIX golden cross is imminent.

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  4. https://www.youtube.com/watch?v=yH9ZiPBXUBQ

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  5. Bitcoin falling off a cliff, any predictions?

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  6. SCJune 30, 2019 at 9:30 AM

    "Event:

    Special Counsel Robert Mueller is scheduled to testify before Congress on July 17th. 

    Prediction:

    President Donald Trump Impeachment this September/October."

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    Replies
    1. bullshit market will rip higher prediction 2940 then 3050

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  7. What happened to UVXY getting to $40?

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  8. UVXY closing at the orange line, very nice!

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  9. UVXY hit the $28 today!

    SCSeptember 18, 2019 at 1:01 PM
    "UVXY wants to test the July low $23's. Fine. It'll be trading in the $28's soon."

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    1. i had 50000 shares should of held a little longer been trading in and out 28 on the button Good call as usual

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    2. https://www.youtube.com/watch?v=rWNOSYr4ml8&feature=em-uploademail

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  10. Replies
    1. Waiting, UVXY keeping pace with the orange line.

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  11. Sc where do you see bitcoin going now ?
    Some are calling 70k the next move up

    Thank you

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    Replies
    1. No big move in bitcoin. It has hit the 8,000 target so it's getting closer to a low. I notice GBTC still falling precipitously.

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  12. 2,952 hit.

    SCSeptember 20, 2019 at 10:04 AM

    "SPX support 2,950, likely to be tested next week."

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  13. SPX slide down today and tomorrow but 2,950 will hold for now. Next week, SPX can bounce Monday to Wednesday (small bounce). After that it will break the 2,950.

    A lot of complacency as VIX continues it's ascent.

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  14. VIX will have the golden cross tomorrow. Which means both the daily and weekly will be in positive alignment.

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  15. So what is low u expecting on uvxy. And what is next high

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    1. UVXY see $27's tomorrow. Maybe $25 or $24's next week as it continues to rise towards $30.

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    2. I have to commend you on your discipline hit 28 it and You did not sell it Are you just holding for $30 Or are you gonna sell In the $27 range great job anyway

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    3. Thank you, and you as well!

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    4. SC - just curious are you suggesting we might retest the 3020 SPX area before larger decline?

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    5. Because we have the V bottom, it can simply be held for the swing as it rises. Or can be more active. Either is fine. Different styles.

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    6. Rob, it may but a bounce won't last. 2 or 3 days.

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    7. Looks like a H&S forming on the hourly..breakdown 2960 and LOB..

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  16. Replies
    1. If that ever happens soon would you mean by soon and if that did happen I'd buy a 100000 UV XY

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  17. Replies
    1. Yes, the daily target of $27 has been hit.

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    2. UVXY probably see a touch higher on Monday, but if a trader did want to take profits today is a good day for that and reenter Wednesday.

      Or just sit back and enjoy the ride.

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    3. Yes great call Are you still thinking 25 ish for next week

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  18. The market is getting bludgeoned daily.

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  19. I have been trading UV XY long and short make it a ridiculous amount of money bro crazy

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  20. I love your short term view as well along with the longer term view I think it are helps a lot thanks your assistance

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  21. Absolutely, it's a great vehicle to trade.

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  22. You are more than welcome. It's just a lot of fun, and the perfect market to do it.

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  23. Sc Is spx low close to 2940. And tally to 3000

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  24. SC I have been short uvxy since friday what would be your entry price in uvxy 24 to 25 still

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  25. https://www.youtube.com/watch?v=iWp175LVxa8

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  26. The Monday to Wednesday bounce materialized. Turn due on Thursday.
    Today is the strongest day. Flat tomorrow.

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  27. Next selloff Thursday through Wednesday.

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    Replies
    1. sc are you looking for gaps to be taken out down to 2914.39 sept 3 gap on daily chart?

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    2. how is uvxy down a dollar when vix down .16 lol

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    3. Lol, VIX staying strong, golden cross

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    4. SC - are you waiting till Thursday to get long UVXY or has the turn occurred earlier?

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    5. Waiting, volatility should settle down.

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  28. Thank you for the great calls!
    This is getting fun!

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    Replies
    1. Thats why i am laughing i cant wait for this to happen i just covered my short uvxy

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  29. wow i tried to buy and it exploded higheer on got 1000 shares

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  30. What is happening today is that UVXY it trying to recapture the orange line.

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  31. Yesterday UVXY closed significantly underneath. A valiant effort today however I don't think UVXY is strong enough here to keep pace.

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  32. Are you looking for another dip to 25 or lower/higher?

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    Replies
    1. UVXY still looks like it will cool off soon.

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  33. SC, 10/3 is they symmetry for the line, so that only leaves 2 more sessions....

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  34. Notice today SVXY has higher low while SPX has lower low. Suggests market bounce coming.

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  35. SVXY may want to test the 200 dma $51.75 but it look to be close to a low.

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  36. UVXY hit the blue line this morning which was why it saw that strong reaction.

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  37. The blue line is sloped down though. Wait for another test of it in the $24's.

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  38. Sc,
    What are you thoughts on the grand cycle? Of course a big sell off like today brings out the bear options. But are we near the edge of the cliff?

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    Replies
    1. I'll post the update. It's doing what it should. No, not really. The market is in a relatively tight range.

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    2. SC should we buy and chase UVXY to 40? Or is that going to occur later?

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  39. gaps need to be filled i think the last gap is 2890 on august 28

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  40. Looks like a good hit 2880 or maybe 28 seventies then 3050

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  41. SC is amazing in his general cycle overview. But I've learned not to rely on daily specificity. His call for not shorting till Thursday was WAY off the mark. But he was close.

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  42. When going long, I’ve been trading SOXL, it has a better percentage than SVXY.

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  43. rip your face off rally will come soon in my opinion we might hit 2990 first or 2880 thou 3050!!!!!

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  44. SPX still heading lower. The turn did come a couple days early. Next low still due next Tuesday or Wednesday, October 8th or 9th. It'll bounce for a couple days at that time.

    Freefall on October 14th, bottom due October 15th.

    Next tarrifs go into effect October 15th which is no coincidence.

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  45. Replies
    1. Estimate SVXY can see $46.40 or lower by October 15th. I'll calculate the number for UVXY.

      My charts are all based off SVXY.

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    2. i dont get it we could pop here uvxy could drop here

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  46. i am ecpecting 2940 then 2830 possible then 3050

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  47. Wait a minute you're expecting SVXY the drop to 46 and change that means UV XY will be at 40 correct me if I'm wrong

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  48. i am sitting in cash i believe we see a big rally since your not seeing what i am seeing i am sitting on the side good luck!!!
    if it hits 40 i will short it big

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  49. Whoosh into the close! VIX!!!

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  50. I see a huge rally coming and a drop on October 15th What do you see show me what you see

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  51. I'm thinking 3050 by October 10th and then slammed in the face after that

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  52. Closed below -3 SD band. See what happens tomorrow https://imgur.com/a/fCwAh8I

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  53. There will be a big bounce off the 200 2950 plus

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    Replies
    1. Louis - you said 2880 before 3050. Are you still looking for 3050 from here?

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    2. i thought we would have a huge rally but not now i think 2900 to 2920 then down 50 plus pints spx weird market

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    3. i will probally buy uvxy but just waiting for market to get overbought shortterm

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  54. i am looking for a 180 point drop october 15th

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  55. https://www.valuetrend.ca/seasonals-and-technicals-lining-up/

    See if we get a close below 200 day

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  56. UVXY may be moving much higher:

    https://northmantrader.com/wp-content/uploads/2019/10/SPXMega.png

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  57. this not making sense to me vix up 18 cents and uvxy only up 58cents with the market down 1000 points i thought the move would be much greater

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  58. Maybe the job report will create a Panic
    I was still expecting a rally 2940 then down hard Weird market something just don't look right to me

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  59. SVXY would need a miracle to turn up the chart. Not happening. It's rolling over.

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    Replies
    1. It could fill the gap at 51 and 3/4

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    2. https://www.youtube.com/watch?v=UlDY03BM32I&feature=em-uploademail

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    3. https://www.youtube.com/watch?v=TQRNBTKDziU

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  60. I Bought UV XY at 2930 and I bought TVIX1575

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  61. We seem to be holding the blue line 200 day average
    https://imgur.com/a/hQ0ExL6

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  62. looks like im gonna have to triple on this tird!!!

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  63. i said 2940 bang its gonna happen!!!!

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  64. Looks like SPX going to make one more higher high at 3040 before the next selloff.

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  65. we could go to 1366 on tvix and 26.50 on uvxy!!!! lookin foward to that special report

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  66. Sc what's your prognosis now the I guess the miracle came through

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  67. Vix crashing hard I'm gonna have to buy big when this bottoms

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  68. I am totally confused why you bought uvxy when it hit 30.20
    because that was the the target on the chart can you draw another chart? thanks

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  69. bought uvxy at 26.62 and tvix at 13.88

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  70. looks like this is the miracle?

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  71. https://www.youtube.com/watch?v=i_tfko-TMgQ&feature=em-uploademail

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    Replies
    1. Along the same lines -
      https://twitter.com/b_seagle/status/1180243983991218176

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  72. The special update will be posted today with detailed charts.

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  73. Special Update has been posted!

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