This pullback in SPX should complete in August and is likely to be followed by a higher high in September according to the Model.
The price action is typical following a consolidation year.
Daily Chart
SPX 2019 Model:
Tuesday, August 6, 2019
$SPX - 2019 Model Update
SPX has continued to follow the 2019 Model with deep pullbacks and higher highs and higher lows.
This pullback in SPX should complete in August and is likely to be followed by a higher high in September according to the Model.
The price action is typical following a consolidation year.
Daily Chart
SPX 2019 Model:
This pullback in SPX should complete in August and is likely to be followed by a higher high in September according to the Model.
The price action is typical following a consolidation year.
Daily Chart
SPX 2019 Model:
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Es hit 2782 on aug 6 dont you think
ReplyDeleteThat was close enough or are you expecting a double bottom
I thought it was interesting that SPX respected the model and didn't see that level on the futures.
Deletehttps://imgur.com/a/wMh5fSF
DeleteAug 5th es futures td ameritrade
Big bounce coming!!!!!!
DeleteYes, ready to bounce.
DeleteThe model is clear here though. Expect a bounce and a little lower in August. Little downside at this level.
ReplyDeleteLooking closely you can actually see yesterday's bounce and today's dip.
ReplyDelete2709
ReplyDeleteBy when oct?
DeleteOct? Uvxy up and vix flat scam
DeleteAre you shorting this bounce? 2900?
ReplyDeleteYes soon, 2,920 to 2,930
Deleteso after this bounce anther big drop?
ReplyDeleteYes, 2,920 down to 2,810.
DeleteNice short yesterday, good long this morning. Short soon again.
ReplyDeleteVolatility works both ways
ReplyDeleteUVXY $30 or under good for a trade I think.
ReplyDeleteclose enough then up on uvxy to where 34?
DeleteSC wouldnt it be wise to shift out of svxy and flip into uvxy for the next drop or are you expecting higher in the shortterm?
DeleteI might do that
DeleteWouldn't that be nice
ReplyDeletejust plain english
ReplyDeletehttps://imgur.com/a/7o4wwSb
covered my uvxy short at31.65
ReplyDeletei will short this pig again when it pops the prrofit was 2 great
ReplyDeletei had no choice
Did we see the top Thursday?
ReplyDeletethere is a possibility that we hit 279 on spy
ReplyDeletelooks like we are on our way down
ReplyDeletedid you see the last 15 minutes.This market is so rigged.
ReplyDeleteSC, do you still see higher next week? what price are you looking to sell SVXY?
ReplyDeleteYes, expect the rally to last two more days.
DeleteUVXY $28 Tuesday then $40 on Wednesday/Thursday.
Something is about to happen this week. What is it? I'll guess Iran.
sc wondering if 40 first then 28 lol?
DeleteNo lol
Deleteso your looking for 1 day vix drop
DeleteSC, now your reaching big time, pushing on strings for a black swan....if your a cycle guy what would you even mention Iran for
Deleteyou sure?
Deletewhat Black swan event the one on cnbc this morning lol
Deleteshort uvxy at 35.80
Deletei am looking for a gap up tomm looking above 2900
DeleteWOW! That would make for an awesome week!
ReplyDeleteResistance is 2940 under 2900 seems to be a problem
ReplyDeletei think new highs are coming into september
ReplyDeletewow another day like today we will be at 40 on uvxy
ReplyDeleteCovered uvxy short at 33.46
ReplyDeleteWhat is more important, uvxy at 28 or SP at 2930-2940?
ReplyDeleteBam!!! There we go! Volatility should settle down.
ReplyDeleteSC - are you still waiting to buy UVXY near $28 for a pop to $40 this week?
DeleteYes, and it's looking excellent!
DeleteIn my opinion shorting every pop in uvxy has made me nice money
ReplyDelete2810 i wonder?
ReplyDeleteSPX holding quite well actually. I think we've seen the low for this month. Up for 4 weeks next.
ReplyDeleteWhat is important here is to see how we close the week.
DeleteCharts say the selloff due September 16th.
DeleteLooking to short tvix
ReplyDeleteAgain, probably what we are waiting for is the ratification of the US Mexico Canada agreement in September.
ReplyDeleteTherefore, SPX rally into September.
SPX target in September, still 3050?
DeleteYes
DeleteSPX moving consistent with the model.
DeleteShotted tvix 21
ReplyDeleteShorted more at 21.90
ReplyDeleteToday was forecast as a big down day, and certainly we do have that.
ReplyDeleteBitcoin plunging again. May see another bounce 9,800 to 12k. Overall it is heading for the 8k target.
ReplyDeleteSC, I checked the website you mentioned regarding GBTC, still a bit confused, so when I sell GBTC the gain is the profit from GBTC sell - Trust's expenses? Thanks!
DeleteYes, search Grayscale Bitcoin Trust 2018 Tax Letter. All the expense information is there for 2018, and examples of calculations.
Deleteuvxy looking like 40 before 28 lol
ReplyDeleteim gonna short this turd until it drops
ReplyDelete2843 exponential 200 day average we should bounce up hard let's see?
ReplyDeleteRIP your face off really coming!!!@@
ReplyDeletesc do you plan on taking more svxy?
ReplyDeleteMaybe, let's see this play out a bit.
DeleteUvxy almost 40
ReplyDeleteBam theres 40 on uvxy
ReplyDeleteSc well you did call 40 just came earlier
ReplyDelete2816 is only 7% down. We should be at 2744-2777 with the news headlines! Hope we get there :(
ReplyDeleteYou might after aug 20 into sept 16
DeleteIt's just amazing how UV XY hit 40 twice
ReplyDeleteFractals of exactly one year ago or even this past May...2876-92 important. 2908-13 extremely important in near future.
ReplyDeleteIt might blast through that tomorrow
DeleteBradley turn on 16
Shorted more tvix at 23.70
ReplyDeletesc im thinking 32 on uvxy and 18 on tvix your thoughts?
ReplyDeleteSimilarities in price/time to 1967 so far https://imgur.com/a/XPNlKQd
ReplyDeleteInteresting, thank you!
DeleteLet's keep an eye on this.
DeleteCovered tvix short
ReplyDeleteGood call, it might rise into the close today.
DeleteBought GBTC $12.85.
ReplyDeleteBitcoin dipped to 9,800, and can spike to 12,000. Just a quick pop.
DeleteSCAugust 14, 2019 at 9:00 AM
"Bitcoin plunging again. May see another bounce 9,800 to 12k. Overall it is heading for the 8k target."
Expect SPX to rally all of next week, hitting another high next Friday 2,950.
ReplyDeleteYou might hit that today with a strong close
Deleteso 2950 in August,, then 3050 high in September?
DeleteYes, this week positive. The high should be on Friday but it won't be much higher than on Wednesday. Thursday a down day so exiting longs on Wednesday is a good strategy.
DeleteThis week looks strong and yes September looks good too, but there is a catch. Next week big selloff. Look to short Thursday or Friday.
Thanks for the heads up SC
DeleteSVXY $53 next Friday August 23rd.
ReplyDeleteThat's the next bradley top I will wait till monday I was expecting a lot higher today it might go higher today as well But a mass of profit like that it just had to be taken
DeleteBitcoin surging from our entry! Beautiful!!
ReplyDeleteBig sell off? My curiosity is peaked.
ReplyDeleteYes, UVXY coming down to the $28 and then....
DeleteSC - Do we got back to 40 on UVXY and then onto new highs for SPX?
DeleteUVXY coming down to our $28 and $44 UVXY next week.
DeleteI will buy that at 28 it shorted at 44 this is the 3rd time this had 40
DeleteNotice Bitcoin and SPX are now in alignment! Spiking together this week and plummeting together next week...
ReplyDeleteBitcoin 12k this week 9,100 next week.
Hot close!!
ReplyDeleteTherefore consolidation day tomorrow.
Sc I'm thinking 2893.63 spx then up to 2940?
ReplyDeleteLooks like a major trap here I believe in my opinion the May lows will be tested again
ReplyDeletehttps://imgur.com/a/SpXuj3J
ReplyDeletethere are 2 gaps 2857 and 2893 either we fill them now or later
ReplyDeletehttps://imgur.com/a/3WTWSuQ
ReplyDeleteSc uvxy 28.60 aftermarket are you looking to go long at 28 or lower
ReplyDeleteYes, it is time. Excellent setup for UVXY.
DeleteFirstly, UVXY can pop to $31 today.
DeleteTomorrow it'll likely settle back to $28. Next week looks very interesting for a spike in volatility.
Sold SVXY $52.70.
ReplyDeleteBought UVXY $28.80.
ReplyDeleteHolding for 31 and then out tobuy to buy at 28?
DeleteYes that is a good strategy.
DeleteOr can simply hold UVXY for the bigger play until next Thursday August 29th.
Sold GBTC $13.20.
ReplyDeleteUVXY near the $31!!! That was fast Hahaha!
ReplyDeleteSold UVXY $31.
ReplyDeletethat was quick im out 2 i will buy back 28
DeleteThanks for your great calls!
ReplyDeleteYou are more than welcome, my friend! We are about to have some serious fun!!
DeleteYes - thanks again for your guidance - has been very helpful SC!! Can't wait for the real fun to start soon!
Delete2795. Maybe 2995 first though.
ReplyDelete2888 gap could be filled
ReplyDeletefirst 2950 tomm
ReplyDeleteBought UVXY $29.70.
ReplyDeleteBack 2 31 0r higher
DeleteAre you looking at another quick pop or are you taking a longer term position?
ReplyDeleteUVXY probably closes over $30 today.
ReplyDeleteWhile tomorrow does look positive for SPX, technically the selloff is anticipated to begin tomorrow intraday.
ReplyDeleteI do expect UVXY could see $28.50 tomorrow.
The stock market can freefall on Monday with SPX down as much as 100 on the day. Then continuation lower with another big drop on Wednesday. Lower again on Thursday August 29th.
ReplyDeleteMonday and Wednesday look especially negative next week.
What level do you see UVXY on next week's pop? 36-40?
ReplyDeleteAlso... look at what happened post Jackson Hole in 2015. https://imgur.com/a/VqjhS0O
ReplyDeleteThanks, yes the market often turns at this time, Jackson Hole.
DeleteOne of the most interesting timings each year.
UVXY should reach $44 next Thursday.
ReplyDelete