The equal time and price boxes show a measured move is in place. Interestingly, the time span of the box is the same as the negative time cycle (red). As well, there are several resistances in terms of geometry.
Daily Chart
Monday, March 19, 2012
SPY - Negative Time Cycle Due
A negative time cycle is due on March 20th. The cycle analysis is also quite negative on the 20th, somewhat positive on the 21st, and then negative into the end of the week.
The equal time and price boxes show a measured move is in place. Interestingly, the time span of the box is the same as the negative time cycle (red). As well, there are several resistances in terms of geometry.
Daily Chart
The equal time and price boxes show a measured move is in place. Interestingly, the time span of the box is the same as the negative time cycle (red). As well, there are several resistances in terms of geometry.
Daily Chart
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Hi SC,
ReplyDeleteWhat do you expect for gold and especially Silver?
Look forward to see your new silver analysis.
Please don't us wait to much to read your PM comments.
Thanks in advance.
RB
I have charts coming for Silver.
DeleteHi SC,
ReplyDeleteCould you advise what your short term targets for HVU are? Do you still expect to see $7.50 today?
Thanks.
7.50 today is a massive move 6.50 maybe
Deletedont think we making that 7.5 today, we could barely pass 6$, now drop back down to the 5 ish
Deletetoday suppose to be down day...and HVU, UVXY is in red right now lol...what happened
DeleteYeah, VIX and VIX futures are up, but HVU is down...
DeleteHVU may be the wrong way to play this any down days for the SPX. I'm slowly coming to terms with that.
ReplyDeleteIt'll have it's day soon. Traders don't seem to believe in this selling today. Complacency is high.
DeleteA start on the downside. The pace should pick up.
ReplyDeleteWhat about Silver SC?
ReplyDeleteI had a short on Silver from a few days ago, just took profit. I'm going to wait and see how it acts here.
ReplyDeleteSC,
DeleteDoes this imply that you have doubts abt ur targets in Gold @ $2000+ and Silver @ $38+ or an extension in the time period for achievement of the above targets.
I still see that happening. Just waiting for them to settle and plan to get aggressive.
DeleteThis news will provide big blow to Precious metals....
ReplyDeletehttp://www.washingtonpost.com/business/house-gop-to-unveil-election-year-budget-blueprint-cutting-beyond-obama-plan/2012/03/20/gIQAlefgOS_story.html?wpisrc=al_comboPNE_b
its no longer news... besides, debt issues exist on both sides of the pond.
DeleteFOR THE FARMERS.........
ReplyDeletehttp://img24.imageshack.us/img24/1074/beansi.jpg
Hi Joed
DeleteLooking at your graph, it looks like we should go higher from here still to the end of the month, or am I missing something...
Thanks!
InvestBB
DeleteYes........I have a choppy topping patern to my cycle! Remember this is Soybeans not to confuse anyone! joed
Hi SC
ReplyDeleteare you still in your UVXY and TVIX that you bought days ago?
Thanks!
No, I sold UVXY over $26 as mentioned previously. Looking to pick it back up soon.
DeleteLong UVXY at $20.53.
ReplyDeleteThat is strange SC. Don't you see tomorrow being mildly positive? Wouldn't tomorrow be a better entry?
ReplyDeleteI debated that, but it is hard to say about tomorrow. Could go either way and the price looks attractive. If it comes down a little more I'm ok with that.
DeleteBought more at $20.
DeleteWhat are you expecting for the rest of the week?
DeleteI'm expecting a big move on this to $33-34 soon. I think there is a downside surprise coming. Complacency is extreme. Tomorrow could be mixed but I see little downside on this position. This week looks quite negative into the Fri 23rd or Mon 26st in my cycle analysis.
DeleteFor the other $8.90 to $9.15 is the spot to watch.
Thanks SC.
DeleteHow confident are you on this prediction relative to others, e.g. today's $7.50? I mean no disrespect and understand your TA is not an exact science. I appreciate your opinion and analysis. I just shouldn't be trading an etf that I don't completely understand. I went from a profit to a loss with this and now I just wanna minimize losses.
Thanks.
I'm confident, and bought a lot today. It did come down today, and that is ok. I actually thought it could do that (even though I was expecting markets to drop), and my analysis is the same. I still expect a big move this week.
DeleteSCMar 19, 2012 06:10 PM
There may be limited downside to $5.45 first, but a move to $7.50, and then $9.15 is the next spot to watch.
I'm not sure how it opens, but tomorrow looks weak for the markets, and so does the end of this week.
For sure always have to be defensive first and then offensive when the time is right. This is a great setup imo.
DeleteThanks SC for your quick response. Much appreciated.
DeleteDo you still expect the rest of the week to be positive? $7.50 and then $9.15?
DeleteYes, watch this, it is about to spike up.
DeleteSC,
ReplyDeleteWhat do you think of Silver? is it bottom today? or still room for low price.
Thanks
I'm going to do some review and give Silver a little more time to develop.
Deleteis playing UVXY the same as playing HVU on the TSX ?? they seem very well correlated on the charts
ReplyDeleteYes almost exactly correlated.
Delete5.40 and dropping.....I'm thinking of getting in but after losing 10% on the HSD trade I can't stomach another 10% loss if HVU drops tomorrow....
ReplyDeleteHmmmmm decesions to make
how it vix going up but the vix bull etfs are tanking?
ReplyDeleteSC, The timing and momentum for immediate continuation of the parabola in metals have long expired IMO. Instead we are in the process of finding a bottom and starting another daily cycle.
ReplyDeletethe JAYWIZ daily EKG was SPOT on for both days this week, agreeing with the POWERDATA which shows the mkt a week in advance.
ReplyDeleteTommorrow shows potential for a good start till maybe 11am but waning the rest of the day except for one other bright spot at 3:21pm
Tech internals are GROSSLY OVERBOT -STRONG SELL SIGNALS on the IBO TRIN, 5 day arms- 5 day trin & 10 day trin PLUS the OPEN 10 trin & 5 SMA, have been issued by the calcluations, thus
its only a short time now before that plays out on stock prices.
the last sell signal that came close to this one was on JULY 26th.
ED cycle indicted a HIGh at 2pm on MONDAY, and sure enuf it was right there at 1414.
THE PROOF is at the blog for everyone to see
NOTHING IS HIDDEN
200 VPN members are well aware of the scientific resources
and get to use them every day
YOU can call me names or types or whatever, but the PROOF IS REAL
YES- I miss a call occasionally- IM really human - duhh
and YOU MAKE SURE YOU PICK up on those misses- POINT THEM OUT AND MOCK ME, but make sure ignore the correct calls.
Jaywiz
ACTING LIKE THIS IS HIS BLOG! YOU DON'T GET IT JAY, WE DON'T CARE! WE ARE NOT ON THIS BLOG FOR YOU! STAY AT YOUR OWN BLOG .........!!!!!! IF SOMEONE WANTS TO READ IT THEY WILL! HERE'S "JAY TAKE A WIZZZZZ" AGAIN TROLLIN! SC'S BLOG IS NOT FOR YOU TO TROLL! YOU HAVE NO CLASS WHATS SO EVER AND YES WE KNOW ALL ABOUT YOUR PAID SUBSCRIPTION AND ALL THE LOSSES THE MEMBERS HAVE TAKEN! GO BACK AND READ YOUR WON CRAP! GO TROLL SOMEWHERE ELSE! WHAT DO YA THINK CBEAR SHOULD WE JOIN??????? HAHHAAHAHAH JAY HAS NO CLASS WHAT SO EVER AND WILL DO WHATEVER HE HAS TO TAKE A BUCK OUT OF YOUR POCKET! BEWARE WE HAVE ALL SEEN HIS CRAP! George
ReplyDeleteGJ
ReplyDeleteThanks for letting us know............it is obvious he is a troll who's ego is next to rudeness! You would think this was his blog! Why SC would put up with this makes me wonder! No other blog would put up with this type of behavior! Best, c
Cheech
ReplyDeleteWhat trolls like WIZZ do is don't charge blog owners so they can come on and try to sign up their patrons! Nothing knew..........they have no class ........that's why they are trolls! As if no one here knows what WIZ is trying to do! hahahahahahah Too funny! james
TBONDS
ReplyDeletehttp://img38.imageshack.us/img38/3455/tbonds.jpg
That Dude was rude
ReplyDeleteJohn
ReplyDeleteYou and the others are right! Mr WIZ has been a pain on other blogs...........he just tries to promote on every site as above.....trying to bully everyone! I believe he was a car saleman and it shows! Iam surprized SC allows him to continue! We are not here for his bullying sales approach! He can go back to selling cars! I hope Sc blocks emm unless there is something we do not know! Best, Charlie
Taking a quick look at JAY's Blog I see that last week on Mon.
ReplyDeleteMarch 12, he states "Bearish week ahead" and on Tues. March 13
"Bears get ready..do you hear the vacuum cleaner". But the market had a super week last week with a 25 pt move in S&P500
on Tuesday alone! On tyhis past Sunday Jay looks for price to drop on Mon.&Tues to 1370-1340. And Tues.pre-opening he had EKG graph showing a low at 12:30 and Neg. Energy at 1:12. But actual low occurred before 10:00 a.m. These turns are real short term, so someone waiting for a low after 12:30 would have missed the up trend.On this same EKG from Tuesday a.m. we have a glimpse of the WED opening and it shows market dropping into 10:30 at 180b. But in the above message Jay states "potential for a good start til maybe 11 am" etc. What's up?? Down to 10:30 or up to 11:00 ??
The Elliot Wave techs have Monday's high as the end of (3) and we drop in (4) or we have one more rally to (3)at 1426-1440 and a Dow target of 13,500 Giddy up!!
Thanks SC for the great charts and analysis you provide.Do you
ReplyDeletehave any cycles for last week in March? Historically last week
in March has been weak,but I wonder if there might be some
window dressing. A fund better show they have Apple!
Good trading to all.
Yes, I have a plan and those charts coming soon. Thanks.
Deleteklaatu
ReplyDeleteThat's the point .........you have made it well! He constantly blows smoke over the reality of his BS! Hes a car saleman and it shows...........bait and switch, that's what Wizzzz is all about! He must think everyone is stupid and can't read his crap.........although he does try to leave himself a way out of evrything to keep promoting! Maybe we can buy a toothbrush or some vitamins from him? hahahahah What a joke! charlie
Master ZigZag,
ReplyDeletewhat's your forecast?
drop into May, then ramp into Aug High?
or
ramp into May, then drop into Aug?
T. Laundry is forecasting another 3/4 months of positivism.
my chart
http://i44.tinypic.com/a0fosh.png
on the above SPY box chart one could draw first box differently - from the same low but to the beginning of the crash in august 2011, this would get this current box more time.
ReplyDeleteJust as I thought- You are the ones ruining this blog- NOT ME'
ReplyDeleteIm offering sincere forecasts
ITS YOU PEOPLE acting like children in the playground who are JUST bullying someone they dont like.
AND THERE YOU GO AGAIN
picking out ONE segment as OFF By a couple hours
OOOHHH , thats terrible
YOU are that ones KIDDING everyone else who wants to read real forecasting- NOT WHAT YOUR OFFERING
all I see from YOU ARE questions about the market.
LIKE NEWBIES who need some one to lead the way thru the dark.
I WAS NOT THE ONLY ONE suggesting a lower mkt last week
but we wont tell anything about those folks.
IM surprised the SC allows YOUR obnoxious CYBER BULLY ATTACKS
AS for the MKT, see the blog
THE ELEVATOR is HEADING LOWER
thru the end of MARCh
Jay
"the EKG report tomrrow should ALSO confirm the UPTREND WILL CONTINUE as does the POWERDATA
DeleteSPX high -- HOW HIGH JAY - FRIDAY AM is my answer"
Nice one Jay. You cover both sides of the fence. That's how you become so bloody good at forecasting the market. Whatever the market throws, you hit it bullseye.
Market doesn't like the weak Euro/strong dollar-as of now
ReplyDeleteJAY
ReplyDeleteYour EGO just won't stop.....it won't let you stop! We are not here for you! GO BACK TO YOUR OWN BLOG..........this one isn't yours! GO AWAY! GO SELL SOMEWHERE ELSE! gj
I think everyones input should be welcomed,if you dont want to read it skip by it,no harm no foul
ReplyDeleteI've seen this pattern before, sizeable VIX spike is imminent imo.
ReplyDeleteIT WOULD APPEAR that we wont STRAY too far from the 1400 level today.
ReplyDeleteHOWEVER,
using the POwER data compared to the EKG, I think we can see a possible
secondary high tomorrow JUST PRIOR to the LEI report at 10am
IT IS MY VIEW that the Market will START a more severe decline AFTER
the MODERATE POSITIVE NEW MOON effect at 10:37am, AKA the LEI report at 10am, on MARCh 22nd
then
continuing LOWER THRU the 26th for starters, which is apparent on the Power DATA, not yet
updated for the VPN group.
SEE above on the blog HOW the EKG rebounds at the END of the day today,
and possibly opens higher tomrrow, before heading substantially lower
-not available yetfor that Time period.
Today, a short term low looks possible for 2:30 at 228bars
SO< IM Thinking about that trade at 11am to 2;30, but it
probably wont produce anything of large value
more of a scalp trade.
then
the BIGGER move that I'm inclined to go after looks like
TOMRROW prio to 10am- thru the 26th at close or 27th at open to 10am ,and even probably 12;30pm at 258bars- but more on that later.
THOSE OF YOU who would WANT EXACT TIMES< PRICES, EVERYTIME< ALL THE TIME - GET A WIGI BOARD
PRICE LEVELS, times & direction are published on the EKG
now depicting March 19, 20 , 21st projections to part of Mar22nd
THANKS dtg for being at least ONE ADULT in the room
GJ - IM OFFERING forecasting - not car sales - NEVER DID THAT.
YOU ARE one of those FORCING ME TO DEFEND my WORK
PROMOTING ones work is NOT CAR SALES !!
SOME OF YOU LIVE in a SHELL, or are JUST INCLINED TO BE CYBER BULLIES
WHERE are YOUR FORECASTS ??
CBEAR - I NEVER hedge-- ITS ONE WAY OR T'other
If you want to RIP me apart for everything I write
go ahead, but DONT DO IT HERE- TIS GETTING OLD!!
IM SURE THAT SC IS GETTING BORED with this constant bashing
and would really like to read a forecast as the one above
Jay
LETS NOW wait till MARCh 27th to see if the mkt reacts as projected from tomorrow on.
where else can anyone write about what you wrote? do you let anyone write anything on your blog? duhhh... jay. YOU are the only one getting old, dude.
DeleteMarket still reacting to weak EURO. Below key support at 132.00 maybe Euro crisis is back. Lot of chat about Spain in trouble.Euro etf is FXE.
ReplyDeleteVIX or VIX futures SC? big difference. What about Silver?
ReplyDeleteBoth are about to move up big imo. I'm quite sure on this.
DeleteSilver is a little tricky here. I'm reluctant to do much with it short term until I see it settle further, and see a solid setup. Ultimately there is good upside, but it could come down lower first.
When are you expecting this? Hours? Days?
DeleteWithin days, this week in any case.
DeleteRemember though $7.50 is the first spot to watch. It could slump from there, and then rise later. So we want to see how it acts at that level, and use some caution there.
DeleteAt this point I would be happy with $7.50.
DeleteWhat is your strategy at that point? Set a stop, and if it's reached, buy back when it appears on its way up to $9.15?
But it is 50% rise.
DeleteHow coult that be possible?
I think it'll have trouble at $7.50 short term so may be best to unload and then let it settle to reload.
DeleteIt doesn't take that big a move in the VIX for this to happen. These compound as they rise.
DeleteUnload now?
DeleteNo, I plan to unload at equivalent of $7.50. Check out the new chart.
DeleteTAKE A WIZZZZZZZ
ReplyDeleteHOW DARE YOU COME ON AND MAKE THIS STATEMENT………
”all I see from YOU ARE questions about the market.
LIKE NEWBIES who need some one to lead the way thru the dark.”
Your bully like sales approach is disgusting…….go back to you own litter box and sell the unsuspecting! You’re a joke and as you have been on other blogs that got rid of you a apin! We are not here for a sales pitch from someone who obviously can’t even trade! %80 correct…………….WHAT A JOKE!
HERES what a paid subscriber says:
sn0000p1: The only ones gotten CRUSHED in October is YOU & your suckers VPN.
sn0000p1: Jay, why don't you put up the energy flow graph from Wed-Fri against the reality. Tell us how you & your dwindling VPN made money out of following your energy charts.
sn0000p1: Wake up Jay, the only things CRUSHED in October are your balls. You should offer REFUNDS to all your sucker VPNs.
WHY DON’T YOU HAVE COMMENTS……………………………OBVIOUSLY YOU CAN’T HAVE ANYONE COMMENT ON YOUR BAIT AND SWITCH! GO BULLY SALES ON YOUR SITE! GET LOST!
Still a rude dude.
ReplyDeletesc, please stop this nonsense
ReplyDeleteSome observations on the EURO:
ReplyDeleteGoing back to January we could be in a right shoulder of a head & shoulder TOP.
But here in March this pullback could be a right shoulder of
an inverted head & shoulder BOTTOM! A break above 132.31 in
FXE could produce a strong move. I think stocks will respond
positively to that.
New chart is up.
ReplyDelete