Hi SC, thanks for sharing your view. I have 28th July as next turning point (currently see as a high, unless market inverts) and thereafter can see a correction into 5-7th of August, then higher into 17-19th August. May I ask your opinion on that? Thank you
I also bought more UVXY at $24.95 today. Unfortunately, my average cost is a whopping $33 but I strongly believe the stock market is about to crack and drop in the next 3 to 4 weeks.
2150 before the end of the year.....as I said here a year ago, 1850, that is in the past now......you might get a down move on expiration next week and NFP number....but dollar dive is going to lead markets up....3500 in 2 years....
What are your thoughts now? Do we continue to go down into August, or chop mode? Your uvxy chart seems like it’s playing out now, but I would suspect we go much higher than $30.
UVXY around $21 looks good for entry. August target $30.
ReplyDeleteThen we get ready for an August surprise!
ReplyDeleteThere wasn't much happening with volatility lately, but this is looking much more interesting to trade.
ReplyDeleteSc not clear from chart uvxy after 30. Goes to 7 to 10.is it true
ReplyDeleteThanks sc. That's means 3400to 3600 in spx who knows. Nice to know
ReplyDeleteSPX charts coming as well!!!
ReplyDeleteHi SC, thanks for sharing your view. I have 28th July as next turning point (currently see as a high, unless market inverts) and thereafter can see a correction into 5-7th of August, then higher into 17-19th August. May I ask your opinion on that? Thank you
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ReplyDeleteThis comment has been removed by the author.
DeleteThats bullshit
Deleteyou're right.
Deletethanks for reminding me
DeleteThe last time This happen when you saw different waves on the Dow Jones and the S and P happened on June 10th smashed in the face
ReplyDeleteYes but then you have the Nasdaq
DeleteThe old names in the Dow definitely weak.
DeleteGood point Louis we are seeing divergence with the indexes.
DeleteTypically at important highs
DeleteNotice all eyes on the USA!!!!
ReplyDeleteSC... do you think the march lows will be visited this year?
ReplyDeleteWe're getting to the good part...
DeleteSC the surprise of August of SP around 2700?
ReplyDeleteWell price and time are coming together which means August fast move.
DeleteBought some uvxy premarket 24.90
ReplyDeleteAveraging down on uvxy - avg cost around $27 holding 1250 shares. Bought 250 this morning @ 24.90 premarket
ReplyDeleteGreat hope we do well
DeleteFingers crossed lol
DeleteVIX double bottom with June 8 - let's see SPX rolls over here. P/C ratios also lower than June 8...
DeleteBought more uvxy 24.68
ReplyDeleteI also bought more UVXY at $24.95 today. Unfortunately, my average cost is a whopping $33 but I strongly believe the stock market is about to crack and drop in the next 3 to 4 weeks.
ReplyDeletebought ery 47.25 looking for a pull back on oil
ReplyDeleteSC do you follow the eur/usd ?
ReplyDeleteYes, it is interesting isn't it
DeleteIs anyone following gold and silver? Any predictions on a measured move?
ReplyDeleteMy projections for gold are around 1860/70. Silver I don't know
ReplyDeleteMight be a good setup for a short on gold to 1820
2150 before the end of the year.....as I said here a year ago, 1850, that is in the past now......you might get a down move on expiration next week and NFP number....but dollar dive is going to lead markets up....3500 in 2 years....
Deletesc,
ReplyDeleteif tomorrow is a turn date, is this a blow off top and we turn down into the next turn date???
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Delete"SCJuly 17, 2020 at 12:28 PM
DeleteWe have dates in July then we have dates in August. Just a matter of narrowing the time frame"
your guess is as good as mine as to what that means
SC, S & P charts please.
ReplyDeleteWorking on the update
DeleteShanghai plunging overnight! Yeah!!!!
ReplyDeletePrice and time are coming together which means August fast move.
ReplyDeleteWhat level will we drop down to?
Delete2850 ?
SC, what is your opinion of eur/usd for the next weeks?
ReplyDeleteProbably see 1.15 the March high
DeleteSee, told ya to watch China hahaha
ReplyDeleteOnce China had plunged in the night, the stage was set for SPX.
DeleteWhat are your thoughts now? Do we continue to go down into August, or chop mode? Your uvxy chart seems like it’s playing out now, but I would suspect we go much higher than $30.
ReplyDeleteI'm not convinced it is turning yet. It's close.
DeleteSc can u ol give chart for gold
ReplyDeleteOne more pop up in market 3292
ReplyDeleteNot much downside left in China now. I've exited FXI puts today.
ReplyDeleteSold uvxy at 27.50
ReplyDeleteI did the same, sold a chunk @ 27.50 - 250 shares left
DeleteBought tqqq at 108.90
ReplyDeleteI still believe we will see 30 any ways on uvxy
ReplyDeleteSc crash talk all over again
ReplyDeleteBought tqqq103.70
ReplyDeleteBought more tqqq at 101.90
ReplyDeleteSold uvxy $28.65. Thanks to SC for this blog and Louis for his posts.
ReplyDeleteTqqq is an animal
ReplyDeleteBought YINN $14.85.
ReplyDeleteTarget $16. Higher August target of $18. China fell overnight. ANT IPO in focus next!
DeleteChina long
DeleteSPX fell into the turn date. Expect bounce 3,260 and then 3,150 by August 7th.
ReplyDeleteSc no getting confused. I thought u expected 3320 or so by mid august
ReplyDeletenow
ReplyDelete3,360 SPX later August
ReplyDeleteOk thanks
ReplyDeleteSold YINN $15.00
ReplyDeleteChinese markets may see a touch lower next week. I'll look to reenter long next week.
ReplyDeleteSo I flattened the position
ReplyDeleteSc so do we not see 2850 in August anymore ?
ReplyDeleteThis is very confusing...
Sc it will be good if u can post spx chart. . Everyone is confused now. Thanks
ReplyDeleteYes, will do a good update. It looks to me we can see a little lower next week.
ReplyDeleteSC, after 3360 later August, move down until November around 2000-2200?
ReplyDeleteOk that will be nice thanks
ReplyDeleteWhat happened this week China blew up. This is why the market is under pressure.
ReplyDeleteUvxy on up .16
ReplyDeleteup
ReplyDeletevix down
ReplyDeleteBought 1/3 position in DUST at 18.88
ReplyDeleteNew chart posted!
ReplyDelete