Then SPX likely to be choppy for several weeks as it consolidates for the next run.
Timing is suggesting heating up in later June, and into July 4th and July 15th then selloff into August 7th.
Daily
Thursday, June 11, 2020
$SPX - Summer Targets and Timing
SPX plunged off the June 9th turn date. However, with June 12th turn date tomorrow a low is due. Monday may be the best day for a low.
Then SPX likely to be choppy for several weeks as it consolidates for the next run.
Timing is suggesting heating up in later June, and into July 4th and July 15th then selloff into August 7th.
Daily
Then SPX likely to be choppy for several weeks as it consolidates for the next run.
Timing is suggesting heating up in later June, and into July 4th and July 15th then selloff into August 7th.
Daily
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Thanks sc. What u think the gaps below 2300 etc won't be filled thisvyear
ReplyDeleteThe action will increase as we approach the Election.
DeleteWe will talk about that plan, later.
DeleteThanks SC
ReplyDeleteok thanks. It looks like from your chart 3030 bottom
ReplyDeleteWith the timing Cycle working beautifully in conjunction with our charts I'll be posting option trades.
ReplyDeleteThe next one just in time for my birthday hehehe....
Cruel Summer!!!
ReplyDeletehttps://youtu.be/ZogE9W55heE
And your July target falls on my birthday!
ReplyDeleteHaha! We brothers!
DeleteSc looks like 3000 is coming
ReplyDeleteSC thank you so much for these updates. Your timing is absolutely impeccable. It has been so helpful to me in my trading.
ReplyDeleteThank you my friend! Glad you enjoyed it!
DeleteSc some people showing vix broke from wedge it will just come back to touch breakout and go higher. What are yourvthoughts
ReplyDeleteNo because there is no bottoming pattern on VIX.
DeleteStill on long way away.
DeleteOk thanks
ReplyDeletethis stupid tvix isn't moving as it should once again.. ugh
ReplyDeleteTrust me, you won't be disappointed.
DeleteSold TVIX $206.
ReplyDeleteHow about that turn date! Explosive!!!
ReplyDeleteYes it was I was trying to get u to bug more off bottom I guess you have a plan to buy cheaper at least you made money
DeleteSC, I think VIX can still go up till 47 now. Based on your timing, it has still one or two days to reach there
ReplyDeleteAgree, yes it can although the bulk of this move is over.
DeleteThat was a big/fast 2 days!
ReplyDeleteYes! With the turn dates so tight together there was tremendous pressure on the market.
DeleteI call these geyser trades. Like Old Faithful.
SC
ReplyDeleteAre you expecting VIX to fill 20-22 anytime soon?
Wondering if SVXY is a BUY here...?
Yes, 18 VIX is next target.
DeleteLet's see next week though. SVXY may be interesting for run to $38.
DeleteSc now every one saying island top. Down down we go. But put call is still .45
ReplyDeleteNotice crude hasn't come off much. That's the first clue.
ReplyDeleteTVIX looks like it can run a bit further yet, but I am more interested in SVXY at $26 for run to $40.
ReplyDeleteSVXY putting in a higher low above the March low of $24.
ReplyDeleteHere's a chart from a while ago (updated now) https://imgur.com/a/6aFHbq5
DeleteExcellent chart! Thank you. SVXY tough resistance there for sure.
DeleteSo sept so you calls strike 40 are .50
ReplyDeleteSorry sept svxy calls 40 strike at .50
DeleteThanks! Good thinking.
DeleteSC, looking at the VIX chart don't think VIX will come down to 18 in a near future. If it does than there is no hope for VIX and what basically it will be a death of any bear case
ReplyDeleteVolatility is in bull market for years.
DeleteBut we have VIX gap at 18 to fill first.
TVIX heading to $300 give or take. Same as shown on the TVIX chart.
ReplyDeleteon this run before the VIX gap fill?
DeleteYes now. Quadruple witching next Friday.
DeleteU r expecting TVIX at 300 on June 19. Where will spx than. So why u sold tvix
ReplyDeleteWell should have reentered this morning TVIX at $160. I might still.
Deletethat means spx coming lower trend line 2800
ReplyDeleteDoes VIX around 51 sound like the corresponding TVIX at 300 area?
ReplyDeleteI see some noteworthy interactions there by next week
Sounds about right. The VIX chart shows resistance at 45 but it can overthrow that.
DeleteThis comment has been removed by the author.
DeleteI have the same resistance area in the 44.6 to 45.4 range - VIX
DeleteBut above that is an open space to 49.8 based on a retracement of Sept 2019
Sc can ubplease clarify. 3080 r u expecting 2800. The lower trend line
ReplyDelete50 dma SPX 2902.
Delete3000 then 3100 then 2900 thats how I see it
DeleteLou thanks. Looks like vxx tvix made lower high on friday
DeleteOk thanks
ReplyDeleteMarket dropping and uvxy out of whack
ReplyDeleteAlmost looks like TVIX vxx made lower high
ReplyDeleteSC do you still see TVIX going to 300 or is that a wash now?
ReplyDeleteThanks
so 12th turn date not a low? when do u see TVIX $300?
ReplyDeleteYes looking good.
DeleteFutures plunge... Monday as anticipated. We have turn date due therefore I will look to enter SVXY tomorrow.
ReplyDeleteThe next series of dates are spaced closely which is why we expect whipsaws next.
DeleteSeriously, your going to short the VIX on Monday?
DeleteYes, but just for short term (this week).
DeleteKudos to you SC, I personally didn't make that move. I loaded up on SPXL premarket. That faired well, however my exit was around 2:00PM ET. Still good. I wonder where you opinion is on TVIX hitting a low and reversing? My opinion is July 1st to 7th.
DeleteThanks sc.
ReplyDeleteLook to reenter TVIX likely later in the week. The four witches...
ReplyDeleteMarkets will rip higher then drop
ReplyDeleteSilly question SC, is june 19th also a turn date? Thanks again (and to Louis and all the other contributors).
ReplyDeleteIt's not a turn date in the timing that I use, but I do think it is important.
DeleteQuadruple witching on June 19th. This date can be quite interesting not for a big turn but for a volatile whipsaw.
I have some critical lines crossing near June 22nd.
ReplyDeleteDo you see anything around that time?
Yes there's minor turn June 24th.
Deletesc just to understand your thought: are you waiting for a climb to new highs of the S&p500 from today 12 june or you see a low for the three witches next Friday 19? so when you suggest to buy S & p for the run towards new high? Many thanks..
ReplyDeleteSPX put in a low today but we are probably going to see a few whipsaws next and possibly SPX could still see a little lower this month.
DeleteYes, the bigger picture we are working on forming a low and rally into July.
DeleteSC: i see an "A B C" correction after 5 wave from the march bottom. In this moment i see the start of the B ( up wave) with a top that may be this week, and than down leg until early july. Than Rally to new high. Is this scenario in line with your thought?
DeleteMany thanks 4 share your work.
Yes, that is consistent with my work. We're still working on a low, but yes higher in July.
DeleteSc. Spx making lower low and vxx not making higher high
ReplyDeleteBingo! Very good Rose!!
DeleteThanks everyone, i learn a lot on these threads.
DeleteI'm ecpecting market to rip higher from low
ReplyDeleteSc I got put on vxx.
ReplyDeleteExcellent!
DeleteThis was a good short vol setup. I did. This morning I picked up SVXY and VXX $40 June 19 puts.
ReplyDeleteWrte did you post your trade
DeleteThis is 4th time you did this
SCJune 14, 2020 at 6:28 PM
Delete"Futures plunge... Monday as anticipated. We have turn date due therefore I will look to enter SVXY tomorrow"
TVIX has filled gap from Friday and so I exited the puts. The SVXY I still hold.
ReplyDeleteSc I also kept on looking. Saw u did not enter the trade . I think thats what louis is daying
ReplyDeleteSaying
ReplyDeleteI felt today was the best day. Was correct.
ReplyDeleteYou're censoring all the things I'm saying I just don't think that's right
DeleteTry now, should be all good.
Deletewas looking also, see no trade, now all green
ReplyDeleteJust day trades guys. We will go through a series of whipsaws as we get ready for the next swing.
ReplyDeleteSc so what u expecting.high around 3100 by friday
ReplyDeleteYes it should
Delete"The Fed says it is going to start buying individual corporate bonds"
ReplyDeleteHow about that...right on the turn.
DeleteNice job SC
ReplyDeleteSC are you still seeing 2902?
ReplyDeleteThanks
Oh yes!
Delete2902 before we start the run up to 3300 + ?
DeleteFutures spiking! Tomorrow good day to take profit.
ReplyDeleteSo when will u buy puts or tvix
ReplyDeleteWithin a week will reenter TVIX. Waiting for a washout first.
DeleteSo, 2900 and 3100 this week, 3400 and 2400 next month, thats is the plan the best I can figure.
ReplyDeleteSPX bounce around this level. There is still more upside but it'll collapse to 2,900 within a week.
DeleteGood morning! Hahaha
ReplyDeleteDow gapping up 1,000 lol
DeleteAmazing
DeleteSc whats the date for this top before we visit 2900 ?
ReplyDeleteAnd then after that visit we go up to 3300+ ?
Thanks
Next turn dates June 24th and then June 26th.
DeleteQuadruple witching on Friday.
DeleteSo sc when r u expecting top of this cycle. Is it this friday
ReplyDeleteProbably see a few quiet days and then the action.
DeleteSVXY heading to test 50 dma $32.96.
ReplyDeleteObviously 32.96 will come after
DeleteThe smash down June 24 26
Sc will u post when u sell svxy and buy tvix
ReplyDeleteYes, will do.
DeleteWill post a schematic for volatility
ReplyDeleteThanks. Sc. With dates will be helpful so people can decide on their own
ReplyDeleteThere is a good chance we see 2900 next week
ReplyDeleteor lower
ReplyDeleteSc what price are you looking to buy tvix ?
ReplyDeleteJ thought he owned svxy?
DeleteI love this instant blog
ReplyDeleteMe too, heheheheh
DeleteJust don't get. R u still expecting 3200 or so and when
ReplyDeleteGreat call for the 19th SC!
ReplyDeleteWell the whole world calling spx 2700.
ReplyDeleteany updates? we still holding svxy?
ReplyDeleteYes, we saw action on Friday, but not likely the start of a decline.
DeleteSo are you saying you're holding svxy why still?
DeleteI meant to say still not why still
DeleteCredit Suisse to delist $ZIV, $TVIX, & $VIIX
ReplyDeleteprnewswire.com/news-releases/…
I'm not sure what this means
DeleteCredit Suisse AG anticipates that (x) the NYSE ETNs will continue to trade on NYSE Arca up to and including July 10, 2020 and (y) the Nasdaq ETNs will continue to trade on The Nasdaq Stock Market up to and including July 2, 2020. The delisting of the ETNs will become effective on July 12, 2020.
ReplyDeleteComplete list - https://www.prnewswire.com/news-releases/credit-suisse-ag-announces-its-intent-to-delist-and-suspend-further-issuances-of-its-velocityshares-etns-301080971.html
DeleteThey want to remove any tool i.e. TVIX etc which makes small people like us money..This world needs change in power..
ReplyDeleteWe still have vxx and uvxy
DeleteMarkets are likely to rip higher
DeleteCredit Suisse is exiting leveraged etfs in Gold, Silver, Natural Gas, and Volatility.
DeleteI know what many are thinking. They see the market calming and think the worst is over.
ReplyDeleteThe largest move this year is yet to come. I see it. The wheels are in motion. There's nothing that can stop it from happening.
Why would they do that explain it to me why would they get out Now
DeleteI'm not sure of your question Louis?
DeleteLargest move in volatlity up or down market higher what do you mean?
DeleteWe have our short term plays which is the best way to approach to market currently.
DeleteThe big picture a massive move has been identified this year. I am monitoring it, and waiting patiently.
DeleteYou will love this move Louis, and everything is making perfect sense.
Let's continue what we are doing though. The best strategy for now.
ReplyDeleteSC,
ReplyDeleteyour expecting a high on 6/24---then a turn on the 6/24
Just to clarify?
Turn down on 6/26
ReplyDeleteCorrect?
Two turn dates this week implies chop.
DeleteSc every night they take it to 3080. Then futures are bought. Do u think market will top in early huly
ReplyDeleteThere's ur gap down now up
DeleteAlready bought spx at 3105
ReplyDeleteThis market is rigged
ReplyDeleteHaha
ReplyDeleteFutures plunged and back up. A glimpse into the workings.
ReplyDeleteNext turn dates June 24th and then the 26th.
ReplyDeleteIt implies chop since they are spaced closely together.
Expect SVXY to hit the 50dma at $32.89 and drop.
Sc r u looking for svxy to hit 32.89 or dates for top.
ReplyDeleteHit the 50 dma 32.89.
DeleteNavarro slipped. That is important.
ReplyDeleteIs today (Tues, June 23rd) the time to UVXY? It's really taking a hit now?
ReplyDeleteLooking to enter UVXY $29. Very soon!
DeleteSVXY pops! Excellent!!
ReplyDeleteSc vix won't come to 20 to 22
ReplyDeleteThat's ok. VIX may need to cycle a few times before it gets there.
Deleteno mention of TVIX closing on July 2nd?
ReplyDeleteBest performing ETF of all time. TVIX RIP
ReplyDeleteSc spx gives up 10 points everyone gets negative.
ReplyDeleteNew chart posted!
ReplyDelete