SPX has little room for downside with fork support just below current levels. A Christmas rally is likely to materialize with a high due end of December.
SC, I agree with you on the upside into the end of the year. I still have concerns with the over all markets into the mid month time frame. I sense a lot of fake outs into mid Dec.I will be buying XIV shortly in a very short time window. EX selling out after a 1.50 gain, let it retrace lower and buy back in. Picking up nickles and dimes until mid month, than going aggressively long XIV
Looking to take long positions soon for the Christmas rally!
ReplyDeleteThis plunge should have occurred last week, but with the holiday trading last week it was postponed to this week.
ReplyDeleteXIV on track for $34 to $35 end of December. XIV charts looking excellent for upside this month!
ReplyDeleteSC, I agree with you on the upside into the end of the year. I still have concerns with the over all markets into the mid month time frame. I sense a lot of fake outs into mid Dec.I will be buying XIV shortly in a very short time window. EX selling out after a 1.50 gain, let it retrace lower and buy back in. Picking up nickles and dimes until mid month, than going aggressively long XIV
DeleteFutures poping with the jobs number, do you see the low was in yesterday or XIV still may come down?
ReplyDeleteI think can see $25's or $26's potentially, but not a lot of room for downside. Melt-up coming for XIV later this month.
DeleteCheck out the new update just posted for XIV!
DeleteXIV chart coming.
ReplyDeletesvxy would you buy that aswell with xiv
DeleteSVXY does have the same structure as XIV. Either etf performs the same.
DeleteWe are going to S&P 2003, the premarket low on November 15. Perhaps by December 16. 1994 gap as well. Overshoot 1950. This is not looking good at all.
ReplyDeleteNew analysis posted!
ReplyDelete