Finding the edge in analyzing unique market Cycles.
Working on detailed charts and Cycle update. Posted this one for now.
Notice higher low for VIX from May while SPX making higher high. So VIX not in agreement with this rally.
Economic freefall as VIX reaches trendline."The Morgan Stanley Business Conditions Index fell by 32 points in June, to a level of 13 from a level of 45 in May. This drop is the largest one-month decline on record."
But wasn't the call for 2812 this week?
target still 2810?
SPX trending down, and lower next week. Let's see how low it goes.It's off to a good start. It'll be close to target I think.
SPX down three out of four days.
Bought UVXY $34.95.
target?
sc uvxy target 50 correct
That's the next major target, but I'm not holding for that yet.
That's the plan for July.
I Do not blame you let's hope we get 2800 so we can slip out of this thing With a nice Profit
Take a look at the May 16th high. SPX dropped 2 days, up 1 day, down 1 day and massive gap down the following day.Now take a look at this week. 2 down days off the high, 1 up, and 1 down.
Same pattern
A continuation of the pattern would expect the market down Monday, up Tuesday, down Wednesday.
SPX may try once more to hit 2,910 next week before the selloff I suspect.
SPX chart is coming!!
Working on detailed charts and Cycle update. Posted this one for now.
ReplyDeleteNotice higher low for VIX from May while SPX making higher high. So VIX not in agreement with this rally.
ReplyDeleteEconomic freefall as VIX reaches trendline.
ReplyDelete"The Morgan Stanley Business Conditions Index fell by 32 points in June, to a level of 13 from a level of 45 in May. This drop is the largest one-month decline on record."
But wasn't the call for 2812 this week?
ReplyDeletetarget still 2810?
ReplyDeleteSPX trending down, and lower next week. Let's see how low it goes.
DeleteIt's off to a good start. It'll be close to target I think.
SPX down three out of four days.
ReplyDeleteBought UVXY $34.95.
ReplyDeletetarget?
Deletesc uvxy target 50 correct
ReplyDeleteThat's the next major target, but I'm not holding for that yet.
DeleteThat's the plan for July.
DeleteI Do not blame you let's hope we get 2800 so we can slip out of this thing With a nice Profit
DeleteTake a look at the May 16th high. SPX dropped 2 days, up 1 day, down 1 day and massive gap down the following day.
ReplyDeleteNow take a look at this week. 2 down days off the high, 1 up, and 1 down.
Same pattern
DeleteA continuation of the pattern would expect the market down Monday, up Tuesday, down Wednesday.
DeleteSPX may try once more to hit 2,910 next week before the selloff I suspect.
ReplyDeleteSPX chart is coming!!
ReplyDelete