Any further upside and SPX probably dips as shown below. It may then be in a holding pattern until the second half of June. Another rally in later June and into July 4th most likely next.
Daily
Thursday, June 6, 2019
$SPX - Short Term Outlook
SPX may have a little upside yet, but this rally has been a bit much and a bit fast.
Any further upside and SPX probably dips as shown below. It may then be in a holding pattern until the second half of June. Another rally in later June and into July 4th most likely next.
Daily
Any further upside and SPX probably dips as shown below. It may then be in a holding pattern until the second half of June. Another rally in later June and into July 4th most likely next.
Daily
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Tomorrow may be a good day to lock in gains for SPX. Especially if it pops this looks a bit much really.
ReplyDeletei know im covering the rest of my uvxy short
ReplyDeleteyou might hit 2880 today lol covered uvxy short35.04
ReplyDeletesold all my upro
ReplyDeletewe are close to 2880 and uvxy aint droppin
ReplyDeleteUVXY trying to hold the trendline, but don't think it will hold. Probably fall to $33.60.
DeleteSold UPRO $51.05.
ReplyDeletegreat call SC, spxu next?
DeleteThere's 2,880!
ReplyDelete2911
ReplyDeletenow what
ReplyDeletegreat call!!!!
ReplyDeleteLet's wait and see now. Maybe it does test the pink line a little higher before turning down. Waiting for short entry.
ReplyDeleteI'm still expecting SPX to fall to 2,810.
ReplyDeleteIt may be best to wait for UVXY to dip to $33.60 before shorting SPX. UVXY clearly is not in agreement with this rally, but it may need a little time to dip here to set things up properly.
ReplyDeleteLet's see how it looks near the close today.
ReplyDeletei hearya im wondering if we top monday tuesday 2900?
DeleteSc usually market up vix uvxy up means uvxy is buy
ReplyDeleteWell definitely a warning anyways. It's early though.
Deletebattle of the bulls and the bears
ReplyDeleteSC, the rally into July 4th, how high u see SPX?
ReplyDeleteI have a plan for this month, but let's talk about the targets soon with the charts.
DeleteAnother excellent call SC!
ReplyDelete2911-2920 soon. 2932 will be filled. All shocks will bottom at 2837 next 3 weeks.
ReplyDelete2893 uvxy not even droppin
ReplyDeleteUVXY should dip to $33.60, chart coming will show why. At that time it may make sense to short SPX.
ReplyDeleteif bynd hit 250 i will short this crap
ReplyDeleteThe expected results do not arrive, the scholarship is difficult, it cannot be predicted, nobody can do it, neither with the cycles, nor with Gann, nor with Elliott, nor can the Technical Analysis do it.
ReplyDeleteThe market can be understood. Granted it is not always easy but it can be done. It's the challenge that makes it interesting. We keep looking forward and making improvements, learning. Thank you.
Delete2970-80 possible within 4 weeks.
ReplyDeleteuvxy should have filled this gap already not makin sense
ReplyDeleteNew chart posted!
ReplyDelete