Price has overthrown the blue approximately the same amount as the undercut in March. It probably is not ready for a large decline yet, but it will have some difficulty here at least.
We got a close on gold below 1950, see if it holds, next support is 1750 as per my previous post. NUGT buy at 80 when gold is 1750 for another ride up. Thats what I'm thinking
opex wed and jackson hole and party in charge convention definitely brings a beat down to play....but it will be great buy, rsi was needing a pullback...1810 will get new bulls nervous, push lower to your number would retest the breakout, it has to happen...
For now SPX will probably trade around the blue line. It can see a little higher in September before dropping to the pink 2,975.
ReplyDeleteSPX should see the 3,400's anyway.
DeleteThere see how SPX turned right there!
ReplyDeleteSC what is the time frame for 2,975 ?
ReplyDeletewhen abouts in september?
It's early and we will have more indication on timing but plan for October
DeleteBig picture charts are coming as well for SPX, but for now...
ReplyDeleteSc if sept we hit 3400. Uvxy won't come down to 10
ReplyDeleteSold KODK $8.20.
ReplyDeleteQuick profit. This morning would have been great entry.
DeleteShot up like a rocket lol. Trading now halted!!
DeleteKODK was awesome there guys hahaha. I'm out but have another idea for next trade lol
DeleteShorted tqqq at 135.15
ReplyDeletesc
ReplyDeletewhats up with CCl---the ceo was on bloomberg yesterday
Should this go higher or lower???
CCL is down this week but it looks fine. Might see a little under $14.
DeleteBack to $16 in a week or so. Also $18 but that may take into September.
You know when you get your car stuck in the mud and rock back and forth. That's what CCL is doing.
DeleteIt'll run
sc
ReplyDeletegot you --timing was a little off-
Thank you
SC don't you think the fed is not going to let the spx go down?
ReplyDeleteIn March, the Fed only reacted after the decline was underway, and was unable to prevent a 36% drop in S&P.
DeleteTrue that they will be paying more attention now.
DeleteHere comes the treasury yield spike - could tank equities and PMs with it...
ReplyDeleteWe got a close on gold below 1950, see if it holds, next support is 1750 as per my previous post. NUGT buy at 80 when gold is 1750 for another ride up. Thats what I'm thinking
ReplyDeleteopex wed and jackson hole and party in charge convention definitely brings a beat down to play....but it will be great buy, rsi was needing a pullback...1810 will get new bulls nervous, push lower to your number would retest the breakout, it has to happen...
DeleteShorted more tqqq 136.85
ReplyDeleteShorted more 138.50
ReplyDeleteare you elon musk? you seems like a rich guy man..keep shorting and still surviving. lol
DeleteLol
DeleteShorted more tqqq 140.80
ReplyDeleteBears Capitulate As S&P Short Interest Hits Lowest On Record ! ZH
ReplyDeleteI traded KODK in and out again today with a good profit.
ReplyDeleteDidn't mention because there are more interesting moves coming later on this stock
DeleteSC, what are your thoughts on spx and uvxy next week? Looks like we are set to retrace on spx and uvxy to pop.
ReplyDeletesc,
ReplyDeletethere are less companies going higher and more companies going lower on this run up!
Normally this is a topping formation
yet to be seen?
Tommy stop bein a chump and grab ur balls scared money dont make money
Deletelol
DeleteBought uvxy at 20.16
ReplyDeleteAdding ES/NQ shorts with tight stops...they've blown a big bubble in AAPL stock...
Deleteshorted udow 79.30
ReplyDeleteI’m holding uvxy and sqqq over the weekend.
ReplyDeletesc,
ReplyDeletefull metal Jacket
Fully loaded
Waiting on a pull back on this Market
SPX is at resistance and trading in very tight range. It is finding resistance but that doesn't mean it is ready to roll over yet necessarily
ReplyDeleteIt still looks the same to me. The bears not likely to see much action until "after school". September 8th.
ReplyDeleteAgreed. But should see some weakness next week for a short trade.
DeleteBiden just announced he would shut the country down if scientists recommended... would that coincide with the big plunge vix 130 you speak of SC ?
ReplyDeleteCovid will lead to one more selloff but there is another reason for the biggest declines
Deleteyou guys forget convention of party in power along with jackson hole next week, Powell is speaking....
ReplyDeleteYes, good points
DeleteS&P 3416, NAH
ReplyDeleteLife's a Carnival!
ReplyDeleteThis week is up. The next two weeks down a little.
ReplyDeleteWe have the schools reopening in September.
Most important timing the September 21st turn date which may coincide with the reopening of the borders.
Sc u expecting 21st as top? Also resistance 3400 btoken
ReplyDeleteIt does look very good for timing
DeleteCCL inverse H&S bullish pattern. Let's see the breakout!
ReplyDeleteSc can u make it clear small pullback in Sept than higher spx. 3500 to 3600?
ReplyDeleteYes, up. September very positive for markets.
DeleteHeavy call buying detected in Carnival
ReplyDeleteCarnival #2 gainer on NYSE
ReplyDeleteNew chart posted!
ReplyDelete