Finding the edge in analyzing unique market Cycles.
Chart starts to look like an Electrocardiogram EKG.
Do you see anything interesting with btc? A lot of alt coins started giving nice 300% gains since two months ago but got quieter this and last week.
Bitcoin has been quiet but yes I'll take a look.
Sc 24th was turn date ? We are coming down
Yes turn date today.
Maybe 37 before 28
shorted uvxy just for a trade 36.30
Sc what your thoughts on today
It still looks ok.
SC, I was ready to short before the close yesterday when you commented that, since the turn dates were so close together (7/24&7/26) that there would probably be chop. Until then I had not thought of that; unfortunately I agreed and sat on my hands. Tough to pull defeat from the jaws of victory.
Yes, we did see some action on the turn date. Let's see though.
Shorted mre uvxy at 37.10
2900 by Fri?
I'm thinking 3180 then 2900 next week
hope I'm right
Getting close to the 4th, would be unusual to be down next week.
I know but we have seen alot of unusual things lets see if 3056 Holds
Shorted more at 39
Bamm just like that
30.16 what do you mean you want to buy
I'm thinking top on 26th
I dont want to buy. When I posted it was 30.16. Sc still looking 32.79
30 here we come on uvxy
Smash this turd
bynd getting smashed
Good day! SC, 26th looks to be important cluster (CIT) as well. Do you have this date in your work? Is it likely a high? Thank you.
Yes, next turn date is tomorrow the 26th.
Bought stake in Carnival cruiseships CCL at $15.80.
Reasoning for the trade is simple. Just about everything has reopened except cruise ships. Not that I am a fan of this industry at all. They say cruises opening in September. CCL trading at 50dma currently. It looks to be forming a low now or soon and expect the recent high of $25 to be retested.
Good choice looks like a reversal
Short term only. Look to exit in July. Robinhood may float this boat.
I see what you did there
Sc what it means. Expecting high tomorrow
Sc today is turn date. We are down into it. What next turn date. Is it next week
July 6th. There's 5 turn dates in July.
In general expect rising market into July. In July we will be ready for larger selloff into August/September.
Ok thanks. So the top can be after July 6th. Just want to be clear. There were lot of black pool buys in puts july 13. Spy. And july 21 vix calls. Don't know what it means
Looks like turn dates were lows?We might see 3008 then 3200
If 5 turn dates in July that will be treacherous
I say buy the dip bought some spxl And upro
Yes, it might be choppy SPX for a week but 3 or 4 weeks from now expect we can be higher as shown on the SPX chart. Blue resistance is at 3,350.
Sc u don't think 300 will be broken.
This selling looks shallow. Weaker later in the summer and Fall.
New chart posted!
ER's start the 13th.....be prepared......