Finding the edge in analyzing unique market Cycles.
DRIP the bear etf hitting 50 dma resistance today at $6.
SC, what do you think of vix from July to end of year?
Volatility is quiet at the moment, but I have my eyes on something huge. The details will be posted.I can tell you the largest move in 2020 is still to come...
This is wonderful :)
I expect the same, but I do not know if in August or December, these are my two dates
You can bank on it!!!
Thank you Charles. Both, this summer we can see some action, but it's too early for anything big. It'll occur around the time of the Election. The main event for 2020 so I do agree.
What I'm talking about is different than what people think. I'll explain it all. What is happening and why.
Yes, end of year is more likey, November-December because it will be 40 week cycle low. My target in SP500 around 2200-2400 for these months
GUSH has come to test the neckline as anticipated. SCJune 28, 2020 at 5:22 PM"Chesapeake goes under. GUSH may be worth a look too. Big head shoulders pattern. Left shoulder and head are done. Right shoulder next. Neckline around $27."
Sc it will be nice if u can give some plan ahead of time , not last minute, so we can plan for ira , education fund, etc. Thats why we keep asking you ahead of time
Certainly. We will lay everything out properly in advance with plenty of time. There's a boatload of money to be made! It is all leading to this moment...
You still think ccl will pop? Are you saying this will as well on a similar schedule?
Yes. Yes, it seems we have an alignment here with multiple charts and models.
Sc when you say volatility is subdued are you expecting it to drop down to 25 to 28 im expecting 28 again what are your thoughts still 25 to 28?
Gap at 19 to 22 for VIX to be filled before it will heat up.
VIX already tested the top of the gap 23 in June and there was a reaction. Then it spiked to 44. We should fill the gap next.
thanks sc and louis
SC.Carnival selling ships
That's OK. None of these stocks trade on their own merits. Reopening play.
Trump says no new trade deal with China.
SC, VIX has a solid support around 25 as you can see it popped from that level multiple times.
At least 20 VIX imo
Shorted tqqq at 117.70
Carnival hot hot hot!!! Breakout on the turn date!
Expect $19 next week as it heads towards the $25 target.
Any targets for uvxy guys ?
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Tom Denmark sell signal 9/13⁸/9Will be triggered soon for a sellSc you say 19 on uvxy why did you sell svxy and also time frame we could jump up in uvxy then drop?
What I'm trying to say is what is your time frame is that short or longer term on UV XY
Futures spiking!!! Carnival CCL $19.
Hello SC. Do you still see new lows for precious metals ?Best
Yes, very weak, Gold is slowly rising towards 2,000. Little action compared to other markets. It's still lower now than 2011. Compare that to SPX for example during the same time frame.
SC, you missed it and Gold is higher than 2011, its 40 points away and heading to 2100.....your answer is really not good.....very weak, its been strong this qtr......gold will see 3500 in 2 years.....I've been riding if since 1200 when you said it was going to 600.....shoot straight
sc,are we still expecting a low on the market or pull back on this Market this week ---the turn date I believe is the 15th???Please advise?
This will be a very choppy week because we have turn days on July 16th then again the next day on 17th!Expect that the market is rising but you'll probably see a dip during the week. Generally I am expecting this to rally continue for 3 to 4 weeks next.
Shorted tqqq at 123.25
Shorted gdxat 39
Did you take profits or still short. I'd say cover. We'll see tomorrow
gdx I meant
scdo you think the gap will be filled at SPX-2950or will that be later in the quarter???
Tommy markets gonna get hammered
Shorted tqqq at 125.50
Louis do you see the UVXY going higher here this week?
I was thinking spx down into the 20th so if that happens yes in short term
UVXY is up more than SPY today = odd.
I found when this happens before... VIX shows relative strength for a while to spx's move up... soon SPX tanks hard....
Yep, lots of people have 3230 as a small top, pullback coming.
Covered tqqq short117.40
One more rally into end of dayThen down into 20th
I would imagine uvxy will drop here
shorted uvxy 32.20
Shorted more uvxy 32.70
losers gave me only 1500 shares
Shorted more uvxy 33.95
Out of uvxy premarket I'm gonna wait to much confusion
Sc. Everyone saying topped again
Great call on TQQQ, getting crushed.
Shorted uvxy at 35 again
I'm expecting a pop in the market into Friday maybe 3240 again
This tqqq is an animal
Covered uvxy short 33.20
Covered gdx short
Sc im expecting the market to take a hit after the 16th new recovery highs 3225 then 2950 and then a big rally into July 31 and then by Aug 20th 2700 at what point do u think Uvxy is hitting 19 or your 25 target?
I will be buying uvxy soon
Im looking for 3250 max then down to 3000
Thank you Louis, your posts are always appreciated!
I just love to help people because I get it back 10 fold you welcome brother Or sister One people don't go by their real name I don't know if there a guy or a girl I don't mean any disrespect by it though
Is any body buying anything run it by me I wanna check it out
CCI (not CCL) and TSLAmoving into uvxy this week, maybe and next week
Ccl is carnival cruise
you mean crown castle
Cci is coming up against up trend line
tos.mx/HZ7zFiFit is also being supported by many trendlines.
Gush on the run congrats to sc
bought uvxy 31.11
ccl could pop here looks like its gonna break out
Louis will do that thanks
Was thinking about shorting overstock.
I would wait till tomorrow because I think we pop up tomorrow
Louis you think the top is in today or tommorow before a move to 3000 ?Thanks
I'm looking for 3250 then 3000Then a massive rally possible 3280Then down in end of august 2700
So a good trading scenario for uvxy Will be to scale into it then hold till it pops into july 23 then short uvxy for that massive rally Then go long uvxy in beginning of August for a massive move up in uvxy because market could go down to 2700 Make sure you manage your risk properlyIm thinking that would be a good money making situation
Or you could trade other etfs
Cruise ships top gainer list today!
Reason is simple. One of the few reopening trades left. Capital thus flows into the trade.
Sc do you still see spx reaching 3350 ?
Yes, going back to the SPX chart blue resistance 3,360.We hit that August 17th.
SC, this is what you said in your blog post on June 11th:'Timing is suggesting heating up in later June, and into July 4th and July 15th then selloff into August 7th.'Is that no longer valid?
We have dates in July then we have dates in August. Just a matter of narrowing the time frame
Thanks sc. That helps
Yes, SPX looks to be playing out according to the SPX chart.
Uvxy not confirming drop today
Sold GUSH $34.10.
SC, today is turn date and tomorrow is also a turn date? then the next one 24th?
Today and tomorrow then July 26th.
Thanks, 26th is Sunday, so 27th?
Could be either Friday or Monday
Do you see a high or a low?
Louis... are you buying UVXY today?
We seem to be it's some kind of weird pattern I wanna sit hereAnd wait we could go either way here
Bought uvxy 28.17
bought uvxy 28.1
watch vix response at 25.65 area
if that fails, then 24.4
YANG was good for a pop.SCJuly 6, 2020 at 6:54 PM"Chinese gap up today was ridiculous. Eyeing a China short. YANG"
prob still good to test $30
SC what can we expect in the sp500 the 2 next weeks?
I'm still expecting some upside this week but we have turn day coming Friday 24th or Monday 27th. From that timing SPX will selloff into August.
SC can you post some S&P 500 charts and dates for highs and lows. Thanks. Love your work!
Yes! Things are about to get more interesting hahaThank you!!!
SC, what are your thoughts on uvxy? Still lower? This is the last week of the Fed $600 unemployment, earnings will be heating up, and fed buying is dwindling.
A little lower but yes timing is almost right.
I like where you are going with those thoughts.
Shorted gdx at 39.80
Bought more uvxy26.30
Shorted more gdx 40.30
OK guys charts will be posted shortly!
Bought more uvxy at 25.78
New chart posted!