The white support is effectively being tested, and SPX isn't out of the woods until this week is over. A huge gap is overhead, and SPX is going to attempt to push with a pop next week.
Daily
SPX is testing weekly support.
Weekly
SVXY made a crashy drop after busting the orange, but then hit a support yesterday at blue. In one week it's dropped almost all it's gain since October.
Daily
VIX melted up through the rectangle yesterday like butter. Resistance becomes support.
Daily
VXO testing weekly resistance.
Weekly
The bloodletting stopped right at these lines.
ReplyDeleteShock and awe move for TVIX! A double in 4 days!! No other etf can match it.
ReplyDeleteAre you going long SVXY here?
ReplyDeleteYes probably. I am interested entry sometime this week. Came down to my $54's yesterday.
DeleteRemember about parabolic moves. TVIX They collapse. A 50% retracement is about $60.
ReplyDeleteDo you see greater returns from SVXY when compared to individual stocks, in this next moth?
ReplyDeleteSVXY is low enough to be interesting. I expect it'll perform well next week.
DeleteOn the chart I have SVXY lower low March 13th.
Trump is holding a news conference about Corona tonight 6 PM.
ReplyDeleteTVIX tried to get a new high today and couldn't do it. Tomorrow may be different.
ReplyDeleteWhile I'm sure Trump will try to calm fears, holding a press conference will raise awareness for Coronavirus.
I think TVIX may see fresh high tomorrow around $85. If it settles to $70 or under by the close I'm going long.
Yea 150 it's going lol
DeleteI will short this pig all the way up
DeleteIn 3 months it will bec10
DeleteTrump did a good job. Futures are down. I think we'll see bottom tomorrow
ReplyDeletehttps://www.youtube.com/watch?v=j_7VXF2GErg&feature=em-uploademail
ReplyDeletegap at 2205 is going to get taken out, if MM's want cheap shares and rotate out of cyclical stocks tied to longer term virus and supply chain issues, this is the time they would like to do it, so the gap at 3090 could be in play....then off to 3450 again for elections....
ReplyDeletewell well, here we are at 3083,3044 pretty solid support but a scare the children to 2940 should not be discounted....huge rotation going on..
Cute the fate of the sheeple:) this is just the beginning much lower until June for 4 year cycle low.
DeleteYou make it sound like it's gonna go straight down it's not going to go straight down
DeleteThe uvxy puts I had are now now 10x the price I sold them at when we just started this dip...
Delete2940 in after hours, the shock and awe is almost over, the weeklies seem to be the instrument used to take this down by the big boys....they did it fast and had the excuse, lets see who they want to be potus now....Wednesday could be bottom..
DeleteU see Louis I agree with ya, GS built this trade up over last month along with the rest of the squid....then unleashed the kracken with news, FDA, CDC pandemic....
Shorted uVXY at 20
ReplyDeleteI believe that you're rip your face off rally will be coming
ReplyDeleteEvery fucken time UV XY goes up 2 bucks I'll short 10000 shares
ReplyDeleteThe big bazookas a common out just watch
ReplyDeletePlease trade at your own risk
ReplyDeleteshort covering is expected today in my opinion
ReplyDeleteSc good call tvix hit 91
ReplyDeleteGolman sachs bunch of assholes they have a 2900 target only them
ReplyDeleteShorted more at 21
ReplyDeletepeople wake up there making people panick there skum
ReplyDeletei believe we see 320 atleast on spy real soon
ReplyDeleteLois, look at the chart called
ReplyDeleteCBOE Options Equity Put/Call Ratio (EOD) ($CPCE)
Bottom unlikely at this point, more so a short covering rally, but you are right, nothing goed in a straight line
https://stockcharts.com/public/3421479
I'm looking for 3200 then down
Delete200dma on VXX https://imgur.com/a/ehgFH3l
ReplyDeleteSC - are you planning on buying SVXY tmr for the rally next week?
ReplyDeleteIs it time to re-evaluate svxy future patterns and timing? This (around 53) currently looks like a good entry. Thoughts?
ReplyDeleteSC - How much do you expect SVXY/SPX to rally next week? Back to 3225?
ReplyDeleteIn 2011 a big move for TVIX stopped at $110.
ReplyDeleteClose to $110 expect a deep correction for TVIX. Then there will be a second leg higher.
ReplyDeleteVXO is attracted to the trendline at 65. It was indeed attracted with magnetic force. It will find a way to get there in March.
ReplyDeleteSVXY looks interesting for a one week pop. $56 target. Second leg lower afterwards.
ReplyDeleteFor SPX this wasn't a big move, but it was fast!
ReplyDeleteThe higher this market gets the faster it drops.
SPX around 3,125.
ReplyDeleteSPX fell straight to the pink line. Reversion to the mean.
ReplyDeleteSc 2nd leg. Lower in marc . Or later and how low. I want to transfer my ira funda
ReplyDeleteA big bounce is coming and then second leg lower in March.
DeleteOuch
DeleteTVIX fills today's gap today.
ReplyDeleteI expect this selloff to end on Monday.
ReplyDeleteWhen people look at their accounts and see that their hard earned savings have vanished into thin air they may throw the baby out with the bathwater come Monday.
And what about the Fed?
ReplyDeleteThe mandate of the Fed is supposed to provide price stability. I know I'm a little old fashioned, but is this what they call "stability" in today's world?
"St. Louis Fed President James Bullard said he would consider additional rate cuts but only if the coronavirus turns into a pandemic or spreads on scale with influenza."
DeleteWell I guess we need go lower then...
DeleteSkumbags
DeleteWow shorted uvxy 26
DeleteI'm a sick puppy
DeleteLet's see how it goes today, but Monday may be the day to enter SVXY.
ReplyDeleteCup and handle forming on SVXY retesting under 50.
DeleteBought around 52 on feb 27 EOD. AH activity feb 28 bringing it back to 52.. lets see if it holds...
DeleteVXO daily making golden cross today.
ReplyDeleteVXO has crazy gaps. This one at 42 should fill soon.
Deletedamn i think we missed a run up of a lifetime on vix... got out way too soon... waited years for this moment and missed it...
ReplyDeleteah well
Tell me about it sickening I had 10000 shares sold in 4os
DeleteI hear you! It's okay though. Volatility is just beginning.
ReplyDeleteThe first move in a series is always the toughest to catch. The next moves will fall into place much easier now.
Special update coming!
ReplyDeleteI promise we are going to have fun!!
DeleteLol
DeleteWhole world is bullish now
ReplyDeleteThe whole world is wrong.
DeleteSc can u give a road map for the year so we understand what is in store
ReplyDeleteYes
DeleteSc what's your target uvxy and tvix
ReplyDeleteFor the next 2 weeks I'm thinking 15 uvxy and 60 tvix what's your thought
80's TVIX tomorrow.
DeleteNew charts posted!
ReplyDelete