Finding the edge in analyzing unique market Cycles.
UVXY around $21 looks good for entry. August target $30.
Then we get ready for an August surprise!
There wasn't much happening with volatility lately, but this is looking much more interesting to trade.
Sc not clear from chart uvxy after 30. Goes to 7 to 10.is it true
Thanks sc. That's means 3400to 3600 in spx who knows. Nice to know
SPX charts coming as well!!!
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
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thanks for reminding me
The 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
Yes but then you have the Nasdaq
The old names in the Dow definitely weak.
Good point Louis we are seeing divergence with the indexes.
Typically at important highs
Notice all eyes on the USA!!!!
SC... do you think the march lows will be visited this year?
We're getting to the good part...
SC the surprise of August of SP around 2700?
Well price and time are coming together which means August fast move.
Bought some uvxy premarket 24.90
Averaging down on uvxy - avg cost around $27 holding 1250 shares. Bought 250 this morning @ 24.90 premarket
Great hope we do well
Fingers crossed lol
VIX double bottom with June 8 - let's see SPX rolls over here. P/C ratios also lower than June 8...
Bought more uvxy 24.68
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.
bought ery 47.25 looking for a pull back on oil
SC do you follow the eur/usd ?
Yes, it is interesting isn't it
Is anyone following gold and silver? Any predictions on a measured move?
My projections for gold are around 1860/70. Silver I don't knowMight 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....
sc,if tomorrow is a turn date, is this a blow off top and we turn down into the next turn date???
"SCJuly 17, 2020 at 12:28 PMWe 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.
Working on the update
Shanghai plunging overnight! Yeah!!!!
Price and time are coming together which means August fast move.
What level will we drop down to?2850 ?
SC, what is your opinion of eur/usd for the next weeks?
Probably see 1.15 the March high
See, told ya to watch China hahaha
Once China had plunged in the night, the stage was set for SPX.
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.
I'm not convinced it is turning yet. It's close.
Sc can u ol give chart for gold
One more pop up in market 3292
Not much downside left in China now. I've exited FXI puts today.
Sold uvxy at 27.50
I did the same, sold a chunk @ 27.50 - 250 shares left
Bought tqqq at 108.90
I still believe we will see 30 any ways on uvxy
Sc crash talk all over again
Bought more tqqq at 101.90
Sold uvxy $28.65. Thanks to SC for this blog and Louis for his posts.
Tqqq is an animal
Bought YINN $14.85.
Target $16. Higher August target of $18. China fell overnight. ANT IPO in focus next!
SPX fell into the turn date. Expect bounce 3,260 and then 3,150 by August 7th.
Sc no getting confused. I thought u expected 3320 or so by mid august
3,360 SPX later August
Sold YINN $15.00
Chinese markets may see a touch lower next week. I'll look to reenter long next week.
So I flattened the position
Sc so do we not see 2850 in August anymore ?This is very confusing...
Sc it will be good if u can post spx chart. . Everyone is confused now. Thanks
Yes, will do a good update. It looks to me we can see a little lower next week.
SC, after 3360 later August, move down until November around 2000-2200?
Ok that will be nice thanks
What happened this week China blew up. This is why the market is under pressure.
Uvxy on up .16
Bought 1/3 position in DUST at 18.88
New chart posted!