Relative to SPX, SVXY is trading better on this move. SVXY is testing the previous high. SPX is not. SPX has a shot at double top with SVXY making higher high.
Anticipating a blood both either from 12-23 Oct or 19-30 Oct. Most people are signaling for 19-30 Oct period, so if algos do not want most people to profit then we should expect a blood bath from Black Monday 12 Oct. Lets see
Oct 26 week is a panic cycle week. M. Armstrong. That lines up with my own cycle week. However next monday tue may be a temp high. All the best every one.
New moon on oct friday 16th. We may get the Short term high closer to the 16th. I am only looking for 5 - 7% correction. NOT A BLOOD BATH. I will start scaling in tuesday if we see new highs.
Market is pricing in stimulus deal which can be sell the new event + coronavirus cases are spiking and NY has started to close school & non-essentials. SPX 3209 is a critical level, if that fails then it will create panic and people may start getting margin calls.
There are alot of people getting hurt on this board. UVXY is not selling off like it was. one or two more days we have to be closer to a bottom than a top on UVXY.
"Ant, a domestically incorporated affiliate of Chinese e-commerce behemoth Alibaba (BABA.N), is seeking a dual-listing in Shanghai and Hong Kong as soon as this month, and needs CSRC approval for both listings.
The delay in CSRC approval has forced Ant to postpone a hearing with the Hong Kong stock exchange, the last part of the approval process for the Hong Kong listing, the people said."
I am still waiting to place my orders for UVXY. If we penetrate 3463 like a hot knife thru butter, than I will lose my opportunity for some nice gains, That said, I believe we still have one more wave up in the over all markets over the next several days. All the best every one.
louis lombardi, I apologize in not getting back to you on your previous question. Here in Canada, we had our Thanks giving long weekend. Family duties come first. LOL
I am looking at the possibility of 3189 as the down side.
Kudos to you Dunn6ster. You have a game plan, unlike NEWBIES where they go all in on one lump of funds. A lot of newbies are just throwing their darts at the wall and hoping it is going to stick. Louis is successful, because he has a game plan. His trading style is not for me, I would not be very successful at. I work within my own parameters where I feel comfortable and able to sleep at night. I like Louis idea of scaling in thou. I am going to wait for the 15.00 UVXY level. I may miss out if the market decides to tank and that is okay. Their will be other trades just around the corner. Discipline Discipline and more Discipline creates greater odds in having winning trades. As for the options. I will not comment on at this time, although I use them . All the best to you.
also in 2008 during the recession delinquents were at 14% they are at 17% now.The only thing that is keeping this together is people are allowed to relief their mortgages, car loans, credit cards to the back end.Not paying them.What happens when this ends.Lord help us
Yes, the economy definitely worsening over time for the majority. It will have brief moments when it looks good, but they fail every time and there is nothing that can stop it.
I will be going long late this week, after this weeks low to probe the 3563 and higher level. Panic cycle next week , which very well could catch the bears flat footed. Mr Market may need to clean out all those bears before the long awaited correction. Do not kill the messenger here, I am just stating what I see at this moment in time. All the best.
I am looking for the possibility of 3400 to be pierced which will bring in the bears. No matter what happens by Thursday or Friday I will be going long. Good luck to all.
I fully agree agree, Louis. I will have other shorter term cycles based on ganns work.The Jan 2021 time frame is a major sensitive time for a POSSIBLE Low. Depending on how we finish off this topping pattern.
I sure as heck didn't expect the market to be churning around so close to the election.... I was thinking we would have 100 point swings mostly to the lowerside
I bought 2 batches spuu 2x etf will buy 3rd batch later today or monday. Approx average price 67.88 I am long. When I get back to my office, I will elaborate on my reasons.
I missed out on my third batch, hopefully i can grab it by monday morning. From a technical, fundamental, economic and political point of view it does not make sense to go long. But my gut instincts says buy. Kudos to Lady S and Alex for their turn dates. The markets are coiling for large move, shortly. ( within the next 7 trading days) I would not be surprised to see the over night futures down or up 75- 125 pts. Dangerous trading times a head. Good luck to all.
I believe you could be right, we have a large cup and handle. They are trying to form the handle now as we go into the election. The election is simple--do you want the gasoline and the utilities to double or do you want status quo--that is the vote. They tried the handle once before and it was rejected. The Major analyst don't see enough buying yet on a close -- a little higher and the bulls will get their handle---in the next two or three days you will see the direction. I will wait on conformation about 3080 on a closing basis, but the volatility will increase shortly---be nimble!
Crossing 3465 is what I am looking for. If it does, we are off to the races to 3520 and shooting to the 3570 in short order. It is a risky trade, but one I feel comfortable with.
Remember we had a $40 target for SVXY. It took a detour in September but is ready to see the $40 now.
ReplyDeleteI've been waiting patiently for this move to finish, and if you look at the daily chart SVXY will get overbought on this move.
ReplyDeleteWhat would be the target price for the high on the s&p?
ReplyDeleteRelative to SPX, SVXY is trading better on this move. SVXY is testing the previous high.
DeleteSPX is not. SPX has a shot at double top with SVXY making higher high.
Thanks SC, it has been so long I forgot about the SVXY target
ReplyDeleteYes, SVXY moves very slowly.
DeleteSo now it looks more like grind-up or melt-up into the election, and then down after, which has been my expectation for a while
ReplyDeleteA big hint here is that the VIX futures curve peaks on Election
DeleteThanks sc. Gives some map
ReplyDeleteShorted more tqqq at 140
ReplyDeleteHow much of a pullback are you looking for?
DeleteSC, how much sp500 for the elections?
ReplyDeleteVIX Put/Call Ratio
ReplyDelete3.02
Since 2008 only a handful of times ... which saw vix explode within a short order...
I don't think vix is going much lower at least in the near term...
I accumulated sqqq this week. Will hold
ReplyDeleteAnticipating a blood both either from 12-23 Oct or 19-30 Oct. Most people are signaling for 19-30 Oct period, so if algos do not want most people to profit then we should expect a blood bath from Black Monday 12 Oct. Lets see
ReplyDelete*bath
DeleteOct 26 week is a panic cycle week. M. Armstrong. That lines up with my own cycle week. However next monday tue may be a temp high. All the best every one.
DeleteNew moon on oct friday 16th. We may get the Short term high closer to the 16th. I am only looking for 5 - 7% correction. NOT A BLOOD BATH. I will start scaling in tuesday if we see new highs.
DeleteSc your timing cycle high for uvxy is middle of November ?
DeleteMarket is pricing in stimulus deal which can be sell the new event + coronavirus cases are spiking and NY has started to close school & non-essentials.
DeleteSPX 3209 is a critical level, if that fails then it will create panic and people may start getting margin calls.
Market gonna get hammered
DeleteI hope you are right Louis. For the time being, I will be conservative with my down side expectations.
DeletePhoenix whats your downside
DeleteNot from the Cycle Sami
DeleteShorted more tqqq at 148
ReplyDeleteI bought more sqqq. Just a matter of time.
DeleteShorted more tqqq 149.15
DeleteShorted more tqqq 151
ReplyDeleteSc how high do you see the s&p going before turn ?
ReplyDeleteguys,
ReplyDeleteThere are alot of people getting hurt on this board.
UVXY is not selling off like it was.
one or two more days
we have to be closer to a bottom than a top on UVXY.
I think when the bond market opens up tommorow we'll get a sell off....
ReplyDeleteU buying more uvxy
DeleteNot yet.. still holding on to 4500 shares from 20 bucks .. taking heat lol
DeleteWill add if it gets down to 13s 14s..
DeleteShorted more tqqq at 155.95
ReplyDeleteShorted more 157.80
ReplyDeleteWhats your average now?
DeleteAdded more sqqq at 19. My avg 21.1. Will save my ammo for later this week (hopefully I don’t need it)
ReplyDeleteguys,
ReplyDeletethis seems to be topping on the Wednesday
UVXY---seems to moving slowly
normally a sign of a top
lets see?
Loaded up tqqq short spx needs to drop below 3500
ReplyDeleteNext turn date is coming Oct 15th and Carnival is getting slammed.
ReplyDeleteLow or High?
Deletesc,
ReplyDeleteUVXY is cupping up
You are still expecting 13 to 14?
Just waiting
DeleteSo oct 15 low and than spy up again
ReplyDeletecoming on 3 p.m. here comes the criminal ppt team
ReplyDeleteall green by the close
ReplyDeleteppt-----never fails!
ReplyDeleteFor what its worth. Seems to jive with what this board is leaning toward..https://www.youtube.com/watch?v=ptWJsNBsipc
ReplyDeleteDennis
ReplyDeleteThat was helpful
An important event is coming. The Ant IPO.
ReplyDeleteWorld's largest Ant IPO is getting ready to list on Shanghai and Hong Kong.
ReplyDelete"Ant, a domestically incorporated affiliate of Chinese e-commerce behemoth Alibaba (BABA.N), is seeking a dual-listing in Shanghai and Hong Kong as soon as this month, and needs CSRC approval for both listings.
ReplyDeleteThe delay in CSRC approval has forced Ant to postpone a hearing with the Hong Kong stock exchange, the last part of the approval process for the Hong Kong listing, the people said."
Is Oct. 15 turn date a high or low?
ReplyDeletesc,
ReplyDeleteit took a week for the uvxy to drop from 20 to 16
Tom Demarks has this friday as a possible top for the market
maybe 15???
Makes sense - OPEX.
Deleteyet to be scene!
ReplyDeleteNobody knows that yet!
This comment has been removed by the author.
ReplyDeleteI am still waiting to place my orders for UVXY. If we penetrate 3463 like a hot knife thru butter, than I will lose my opportunity for some nice gains, That said, I believe we still have one more wave up in the over all markets over the next several days. All the best every one.
Deletelouis lombardi, I apologize in not getting back to you on your previous question. Here in Canada, we had our Thanks giving long weekend. Family duties come first. LOL
ReplyDeleteI am looking at the possibility of 3189 as the down side.
Im staying short tqqq
ReplyDeletePheonix,
ReplyDeleteI guess you are looking for a double top(3588) -correct?
Correct, although I will start buying one batch or two prior to the POSSIBLE double top. I will scale in 3 batches total.
DeletePheonix,
ReplyDeleteI am going one load at 16-15-then 14
lets see what it does,
i like the Dec 18 options?
Kudos to you Dunn6ster. You have a game plan, unlike NEWBIES where they go all in on one lump of funds. A lot of newbies are just throwing their darts at the wall and hoping it is going to stick. Louis is successful, because he has a game plan. His trading style is not for me, I would not be very successful at. I work within my own parameters where I feel comfortable and able to sleep at night. I like Louis idea of scaling in thou. I am going to wait for the 15.00 UVXY level. I may miss out if the market decides to tank and that is okay. Their will be other trades just around the corner. Discipline Discipline and more Discipline creates greater odds in having winning trades. As for the options. I will not comment on at this time, although I use them . All the best to you.
ReplyDeleteIm not buying uvxy yet
DeletePheonix,
ReplyDeleteThank you,
Have a good evening
sc
ReplyDeleteI think the double top may not make it
we may break the upward trend
please advise if you will go long the UVXY
Not yet
DeleteBang right on the October 15th turn date!
ReplyDeleteSC - are you still waiting for UVXY 13? Any idea when it will hit?
DeleteGreat call, well in advance! now if these levels can hold up into Election and...
DeleteRight on SC, what is the next turn date now?
ReplyDeletesc,
ReplyDeleteThe market should reverse today (Market low)--UVXY--down to 13 to 14
correct?
I am going to be patient here and allow the market to come to me. I WILL NOT CHASE IT.
DeleteLol ur 2 funny
DeleteThank you.
DeleteHong Kong down -2.06% London-1.73% Germany-2.49% Dow -0.36%
ReplyDeleteAnyone still believe the Fed doesn"t have a trading desk`
SC you did it again! Like you said, right on the turn date. I know it's been asked, but next turn date is when? Around Nov. election?
ReplyDeleteLol what a joke
Deletehilarious: another useless meaningless statement from Phizer, to attempt to juice the markets.That's all they got now.Stimulas and vaccine bull.
ReplyDeleteLol this won't end well
ReplyDeleteThey sound like desperate crackheads
ReplyDeletealso in 2008 during the recession delinquents were at 14% they are at 17% now.The only thing that is keeping this together is people are allowed to relief their mortgages, car loans, credit cards to the back end.Not paying them.What happens when this ends.Lord help us
ReplyDeleteYes, the economy definitely worsening over time for the majority. It will have brief moments when it looks good, but they fail every time and there is nothing that can stop it.
DeleteWell seems like either uvxy basing in the 16s or heading to 13s which means SPX 3640
ReplyDeleteguys,
ReplyDeleteWhen is the next turn date?
WOW, now I know we are getting close to a market top. Zero hedge with an article with PORN STARS selling stock market courses. LOL
ReplyDeleteSign Of The Top? Porn Star Pitches 'Trading Seminar' - "It's The Right Time To Get Into Stocks"
DeleteLol
DeleteI think the next day is 22 or 23 of October
ReplyDeletemy next local turn date is 22nd (+-1 day). If Monday's price action can confirm local low, we can expect rally into 22nd
DeleteThanks Alex!
Delete22nd worked out as a low. Next local cit dates I have are 28-29 Oct. Alex
DeleteI am looking for a temp Low before we head back up to a Double top or slightly new highs near the election.
ReplyDeleteThat comment was referring to Lady S comment. ( 22nd or 23rd)
ReplyDeleteAs for turn dates I have a couple minor dates end of November but the next turn dates I have are December 7th and December 16th.
ReplyDeleteThanks SC
ReplyDeleteVolatility incoming soon. Election fear coupled with second wave fears.
ReplyDeleteSC - do you have any timeframe on when we'll hit VIX 50?
DeleteMy mailman recomended me buying a stock lol run for the hills
ReplyDeleteonly 15 more days of stimulus talks LOL
ReplyDeleteVIX up with SPX up today..hmm..
ReplyDeletehttps://finance.yahoo.com/news/powell-fed-open-to-private-sector-collaboration-in-possible-digital-dollar-134913548.html
ReplyDeleteThat cant be good
DeleteThe msilman and robinhood gonna lose it all lol
ReplyDeleteIF we just made a lower high in SPX that failed to breakout...could see sharp selling over next two weeks with loss of 3400 then 3200 SPX...
Deletepheonix
ReplyDeleteare you expecting the 3563 to hold this time???
I will be going long late this week, after this weeks low to probe the 3563 and higher level. Panic cycle next week , which very well could catch the bears flat footed. Mr Market may need to clean out all those bears before the long awaited correction. Do not kill the messenger here, I am just stating what I see at this moment in time. All the best.
ReplyDeleteLooks like 3400 then 3625 zhe 3100
ReplyDeleteCovered 1/3 of tqqq short
Louis, Looks very close to what I have in mind. Good Luck.
Deletelou,
ReplyDeletethat looks right!
I am looking for the possibility of 3400 to be pierced which will bring in the bears. No matter what happens by Thursday or Friday I will be going long. Good luck to all.
ReplyDeletewell someone knows something.60 point swing on the nasdque in two minutes
ReplyDeletePheonix,
ReplyDeleteare you going long the market or the UVXY.
there is no reversal yet????
I will be going long. NOT UVXY YET. Waiting for a fake out move to the down side to go long.
DeleteSC - SVXY made a new high to around 38, short of 40...do you think that was the top?
ReplyDeleteSVXY did make the higher high. $40 would be good then it will also be overbought on the daily.
DeleteSC .. when do you expect the VIX to shoot up?
ReplyDeleteWe may have to wait for the reopening to complete. Mainly the borders to reopen.
DeleteIt is already a favorable environment for volatility though.
DeleteVIX futures in backwardation right into June!
Deletehttp://vixcentral.com
The border is not going to open up any time soon
DeleteHere is some thing to think about.
ReplyDeleteDJI CYCLES INTO 2022
20 yrs from 2002 Low = 2022
40 yrs from 1982 Low = 2022
60 yrs from 1962 Low = 2022
80 yrs from 1942 Low = 2022
90 yrs from 1932 Low = 2022
126 yrs from 1896 ATL = 2022
108 yrs from 1914 closing of the NYSE = 2022
144 yrs from WD Gann's 1878 Birthday = 2022
That's way to long term for me
DeleteI fully agree agree, Louis. I will have other shorter term cycles based on ganns work.The Jan 2021 time frame is a major sensitive time for a POSSIBLE Low. Depending on how we finish off this topping pattern.
DeleteIm thinking 3350 to 3320 spx
ReplyDeletepheonix,
ReplyDeleteaccording to your data--in 2022 the 20 year cycle low on the Market is Due?
Please inform us if you go Long on Friday?
Yea i will call ya 2022 lol
DeleteThis comment has been removed by the author.
DeleteDunn6ster. Oct 2002 is the time frame.
DeleteI will be scaling late this week with 3 separate batches.
we are the next Japan with the Fed owning 80% of everything.Another 800k in new claims only to be spun as a good thing.Insane.
ReplyDeletehttps://youtu.be/43xrrFW5L3Q
ReplyDeleteI sure as heck didn't expect the market to be churning around so close to the election.... I was thinking we would have 100 point swings mostly to the lowerside
ReplyDeletehave not seen the big down yet! --waiting on the move!
ReplyDeletepheonix,
ReplyDeleteplease inform me if your going long the market,
i still don't see any extremes???
I bought 2 batches spuu 2x etf will buy 3rd batch later today or monday. Approx average price 67.88 I am long. When I get back to my office, I will elaborate on my reasons.
DeleteThe sp was close to 3444 when I was buying.
ReplyDeleteI missed out on my third batch, hopefully i can grab it by monday morning. From a technical, fundamental, economic and political point of view it does not make sense to go long. But my gut instincts says buy. Kudos to Lady S and Alex for their turn dates. The markets are coiling for large move, shortly. ( within the next 7 trading days) I would not be surprised to see the over night futures down or up 75- 125 pts. Dangerous trading times a head. Good luck to all.
ReplyDeletePheonix,
ReplyDeleteI believe you could be right, we have a large cup and handle.
They are trying to form the handle now as we go into the election. The election is simple--do you want the gasoline and the utilities to double or do you want status quo--that is the vote. They tried the handle once before and it was rejected. The Major analyst don't see enough buying yet on a close -- a little higher and the bulls will get their handle---in the next two or three days you will see the direction. I will wait on conformation about 3080 on a closing basis, but the volatility will increase shortly---be nimble!
correction----- a close above spx 3480---is pretty much the line in sand--ne nimble!
ReplyDeleteCrossing 3465 is what I am looking for. If it does, we are off to the races to 3520 and shooting to the 3570 in short order. It is a risky trade, but one I feel comfortable with.
ReplyDeleteIf we do indeed sell off, 3370 is where I would buy another batch.
DeletePheonix
ReplyDeleteagreed---only time will tell!
Have a good weekend!
Covered tqqq short 133
ReplyDeleteI’m out sqqq 22.7
ReplyDeleteLong tqqq 132
ReplyDeleteSold 133 tqqq
ReplyDeleteMade 13 plus points tqqq
ReplyDeleteNice play Louis !
DeleteLong tqqq at 128.25
ReplyDelete3rd batch bought. Spuu
ReplyDeleteWill up date my position later on today when I get back to my war room ( office ) LOL
ReplyDeleteSold tqqq 134.89
ReplyDeleteNew chart posted!
ReplyDelete