The descending triangle broke down with a calculated UVXY target of $27. UVXY is almost ready with a low forming in the weeks ahead.
VIX is likely to retest it's December high by the September/October timeframe.
Daily
Sunday, June 30, 2019
UVXY - Almost Ready - Low Due in July!
UVXY has been consolidating for another spike up, and a low is due in July.
The descending triangle broke down with a calculated UVXY target of $27. UVXY is almost ready with a low forming in the weeks ahead.
VIX is likely to retest it's December high by the September/October timeframe.
Daily
The descending triangle broke down with a calculated UVXY target of $27. UVXY is almost ready with a low forming in the weeks ahead.
VIX is likely to retest it's December high by the September/October timeframe.
Daily
Subscribe to:
Post Comments (Atom)
Event:
ReplyDeleteSpecial Counsel Robert Mueller is scheduled to testify before Congress on July 17th.
Prediction:
President Donald Trump Impeachment this September/October.
wow! you think so? what can he possibly say that's not already in the report? And what will be the charges that Trump will be impeached for? I'm undecided whether impeachment would be a good thing. Pelosi is against it, so maybe that's a good reason to be in favor of it!
DeleteProbably Stormy Daniels, Clinton was impeached on similar grounds.
DeleteAnd yes impeachment proceedings are charges leveled against the President. Whether or not the charges result in conviction is another matter.
The main point is that, months ago, there was so much anticipation of the Report itself that it was a non-event.
DeleteNow, this time, there is no concern. So the potential to surprise the market is much greater.
I also agree, the testimony on July 17th isn't necessarily going to be a market mover, probably not.
DeleteIn my opinion they are waiting for the testimony to start preparing the impeachment proceedings which could be leveled in the weeks/months to follow.
Looking good
ReplyDeleteYes, excellent setup!
DeleteUVXY pop from $30 to $33 this week.
Bears capitulating in droves, which confirms that the turn is near.
ReplyDeleteSc even atilla the biggest bear is bullish Where u expect spx to when uvxy is 54. . Do u think All time high after that. Atilla thinks crypto is going up. That is liquidity. And will take Sox to 3100 before any down turn
ReplyDeleteWhen the biggest bears turn bullish that is confirmation the downturn is coming, and soon...
DeleteDeep pullback is coming for SPX. Yes, SPX will perform better in Q4.
What I see is people have no concern whatsoever that in 17 calendar days Special Counsel Robert Mueller will testify before Congress.
ReplyDeletePrepare to be surprised!
Donald Trump:
ReplyDelete“If I ever got impeached, I think the market would crash,” Trump told Fox News. “I think everybody would be very poor. Because without this thinking you would see, you would see numbers that you wouldn’t believe in reverse.”
That is deftly not gonna happen They can try all they want that aint gonna happen
ReplyDeleteyeah, I think it's unlikely too. But even if they do, impeachment is not conviction. The House impeaches, then it goes to the Senate for a trial. With a Republican majority in the Senate, it's unlikely they would even have a trial, maybe a vote to just dismiss it.
DeleteS and p up 28 probably 3000 coming
ReplyDeleteWe have been waiting for SPX to become overbought on the daily and it looks like it will get there soon!
DeleteI think next spot to short wait until July 4th.
DeleteMost likely timing for the SPX high second half of July.
DeleteRobert Mueller irrelevant now. Ir will be some other news which will bring down
ReplyDeleteThe crowd is bullish, bears and bulls, everybody is bullish.
ReplyDeleteIn my experience, in these situations, yes the market will carry a little higher, but it will then drop suddenly and it will be a sharp and fast move. There won't be an escape when it happens.
S&P futures are up but not enough to see it well overbought. So wait for the bears to capitulate, give it time for the squeeze to finish.
is this the squeeze or we are headed lower in uvxy? looks like its going lower
Delete$27 then $31.
Delete27 t0 31 then 24?
DeleteEven lower probably
DeleteSo you gonna look to exit at 31
DeleteYes maybe, but it's not necessary either.
DeleteSC - Are you buying UVXY now for pop to 31?
Deleteall time HIGHS!!!!!
ReplyDeleteBitcoin getting hammered. It was up 5 months in a row and due for a down month. Bottom at the end of July.
ReplyDeleteSc Are you Planning on averaging down and UV XY And what price 2322?
ReplyDeleteYes, that is about right. SPX needs a pop to get overbought for the optimal short entries.
DeleteExpect volatility to outperform. Short SPX is good but UVXY is the best.
SPX inch higher into the holiday.
ReplyDeleteToday's SPX fills right after the holiday though. The pop we are waiting for is after that.
are you saying another big pop after the holiday? still see 2915 first then the big pop?
DeleteThere should be a pop, enough to get SPX overbought. It's still weak though might still see 2915.
Deletehttps://imgur.com/a/xOAfGWt
ReplyDeletethe way it looks possible 27 tomm on uvxy
ReplyDeletesc is this the 27 you lookin four or you looking lower
ReplyDeleteIt's very close
DeleteUVXY hit $33.69 then has effectively reached it's calculated $27.60 target.
ReplyDeleteSCJune 20, 2019 at 11:33 AM
"Strong reaction today for UVXY off the April $30 low. UVXY might pop a little here to $33.75 or so.
"However, the descending triangle broke down which gives a calculated target of $27.60. I think $27's looks possible before it turns higher. So there is the possibility to reposition or add with $50 upside target."
We're splitting hairs now. $27.81. 21 cents from the calculation.
DeleteI am expecting a pop up tomorrow
DeleteThen of course I'm watching Bitcoin.
ReplyDeleteGBTC lost 30% off it's high of a week ago as of this morning. The premium is still a little high at 29%. I'd like to see that number come down in July and it could then be quite interesting.
Bought UVXY $27.65.
ReplyDeleteSPX inching up as planned. Up 2 points today at the moment. Holiday trade.
ReplyDeleteUp 8.68 spx
ReplyDeleteSPX not performing well. Gap fill 2,890 SPX next looks possible.
ReplyDelete3000 today
ReplyDeleteBought uvxy at 27.10
ReplyDeleteLooking good for UVXY. Touched the blue line today. Gap $31.25.
DeleteSPX gaps 2,944 and 2,927. Gap fill next.
ReplyDeleteNew chart posted!
ReplyDelete