SPX has met the target for the Orange arrow high. A small dip is probable soon even though little more than some bouncing around prior to year-end is likely.
The Cycle shows a plunge into the Blue arrow Cycle low. The December low for SPX is very likely to be retested in January.
60min Chart
Before:
60min Chart
SPX Cycle:
SC, do you thin uvxy will double bottom around 17 or go lower than that
ReplyDeleteUVXY should be near a low again. I expect the Dec low to hold. January can see $30 tested again.
DeleteSC, if you sold XIV this morning, what is your new UVXY target? Reentered in 21 or wait for 18?
ReplyDeleteI think UVXY likely to pop about $3 soon (prior to year-end), but then settle, and not likely to see much happen other than that pop until January.
DeleteJanuary I'm targeting around $30.
Oil, Russia, Gold, Silver all still look weak, and it's probable that they deteriorate again soon. I expect another scare in January, with SPX likely to retest the Dec low.
ReplyDeleteSC, thanks for all the valuable information. I believe we will see the plunge in S&P500 a bit later in January. It might indeed start early around Jan 5 or 12, according to the cycle model of www.tripstrading.com
ReplyDeleteSPX rose into Monday. SPX likely to dip soon.
ReplyDeleteSC December 18, 2014 at 7:29 AM
"SPX up a few more days into probably Monday, dip a little, then up and peak around Christmas at the Orange arrow."
VIX at target 14's and strong support.
ReplyDeleteSC December 18, 2014 at 8:38 AM
"Quite a solid bounce for VIX off 16 today. I think we'll see 14 to 15 tested though."
SC, what price level are you planning to buy uvxy. today it looks like uvxy is relatively holding good
ReplyDeleteYes, it looks good. I think it can pop $3 or $4 here, and then settle again. Can play this pop and/or can just wait and position for the larger move in January.
ReplyDeleteSC, vix not falling below 14 and uvxy holding 20 for now
ReplyDeletesC, UVXY close to your 24 target, do you think it will make a double bottom at 20, some gaps left there
ReplyDeleteStay tuned, I have some trades planned later this month. Excellent market to trade...
DeleteI'm very excited for this year!! The Cycle is working absolutely perfectly. Big moves ahead!!!
ReplyDeleteHappy New Years!!
Do you think gold will rally above 1240$/Oz in the coming days/weeks?
DeleteSC, so you are expecting high in s$p end of month.
ReplyDeletealso, what do you think about gold and gdx here.
Hi SC:
ReplyDeleteAny thoughts on Gold here? Seems to be strong with money flowing into Gold as the market corrects.
I like your last calls to 2080+ and now under 2000 for January "plunge". Now the pundits are all scared about correction. You say 1972 is next bottom, for the record? And following? Curious about your projection. Intrigued.
ReplyDeleteHey SC, do you have a target in mind for this drop? Thanks for all the great work, and happy New Years to you, too!!
ReplyDeleteUpdate?
ReplyDeleteHI SC: It appears that gold is now in a confirmed uptrend having made a low in early November 2014. If you get the time, would like to hear your take on where gold's headed. Truly appreciate all your efforts.
ReplyDeleteThank you. I'll take a look at Gold.
DeleteI'm just waiting for SPX to decline to the blue arrow low. It's choppy, but getting there... Some more to decline I think this month.
ReplyDeleteSc r u planning to go long
ReplyDeletesc, can u update what u r expecting, missed this move in uvxy completely, r u expecting another rally till march-aprik
ReplyDeleteSC blue arrow price is here are buying today? Thanks
ReplyDeleteA friend who follows Hadik said that he predicted this surge in Gold and there's more to come.
ReplyDeleteIt's very choppy but SPX can see a little lower. We're getting close...
ReplyDeleteHi SC,
DeleteIn time or price?
Both, it's getting very close.
DeleteSC ... just to add to my last comment to those who are looking to trade re. the Hadik comment - I don't subscribe to Hadik and have no clue regarding his track record on Gold - please do your own DD.
ReplyDeletegreat forecasts on the VIX
ReplyDeleteAlright, I believe the blue arrow low is in place for SPX. It's due in time and price, and the market is holding.
ReplyDeleteLooking for the entry XIV this week.
Update coming!
Should see a dip for SPX to provide a good entry.
ReplyDeletesc can u post your thoughts gold/silver
ReplyDeleteYes, I will post the updated Silver Cycle. I continue to be extremely impressed with the Cycle to say the least!
ReplyDeleteDid your cycle predict this rally in gold/silver complex?
DeleteAbsolutely! Update is coming.
Deleteany updates on spy?
ReplyDeleteUpdate posted!
ReplyDelete