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SVXY has formed a flag. The pattern is nearing maturity.
Once the pattern completes this Fall, it is extremely bearish for SVXY. All markets are increasingly volatile.
Volatility has entered into mega bull market.
Mega Bull Volatility
Volatility is increasing in all markets whether it be SPX, Oil, Gold or Silver, or Bitcoin.Even more troubling is that all these markets are highly correlated meaning that all markets rise and fall together.
Eur/usd too?, fall to November as spx?
I have never seen a chart as bearish as SVXY. Incredible how little this has moved off it's lows.
So we go straight down from where we are on the uvxy ?
Not sure, but once SVXY reaches higher high, UVXY will be in position for a larger move.
So you will go short when svxy rea he's 40
Next target for svxy is 30 - https://ibb.co/vmSxB1y
Thank you, let's see reaction at the mid line.
Target for vix 120???
Not yet, VIX monthly is big picture chart.
Why the vix is mega bull?
VIX has established a pattern of higher spikes for 30 years since 1990. 2008 high was tested this year. VIX wants to test the 1987 peak...
SC, what's the low target for S&P and when? Thanks!
I'll post SPX chart next. There is well defined target I was looking at yesterday.
I think 1800
Friday the 13th of March was the appetizer for VIX. Bat soup and salad. The main course being prepared and served....
Thanks sc. Might take spx to 3400 or higher than
sc,where do you see a bottom on the UVXY--in the short term???
tommy we will see a spike you get out on spike svxy should see 30 So uvxy should pop
CCL spiked on open!
We hit August 7th turn date. Government announces free money over the weekend. August 7th has coincidenced with a low for CCL.
Even a dead clock right twice a day
Sc. Uvxy hit 21 today.
My paid subscription says spx going to over 4000 not trading advice just saying.be cautious with the bears.
And whats his name
Who is stating over 4000 ?
scI have more than one paid subscriptions--most of them are saying that the Nasdaq has a topping formation--it is right in the middle of the projection.The next projection on the nasdaq is lowerthe spx and the rut may have higher projectionswe have to wait and see---sector rotation is key
Yes Nasdaq was really strong out of the gates since March but since mid July it has struggled.SPX and small caps are stronger.
Top gainers list today resorts, cruiseships, airlines.
It's all about leverage. Sure we could have just bought SPX but the leveraged stocks benefit the most.
My favorite is Carnival CCL simply because it fits a model I use.
Back to school will come quickly and people will feel a sense of normalcy. Not to mention the fact they are getting free money which of course they will spend foolishly.
sc,That is true--ccl could hit 18I dont see uvxy going back to 10 without a pull back in this market It may go to 25 or 26 to reload the Nasdaqany thoughts on this idea?
There are a couple things. US China trade meeting August 15th.
listen to David Hunter on Palisade radio
4000---is parabolicI am trying to find out if there is a pull back in the short termThat is my question???
David Hunter feels ww are going parabolic
sorry we not ww
David Hunter has 4200 to 4500 by the summer, or possibly later, a tall order, but this market is so out of wack, i give it a chance...
what does WW mean???
Massive gap up CCL!
Russian vaccine hahaha
From Russia with Lovehttps://youtu.be/6lRuXckWC_8
good call sc
sc,most of the Dow stocks are upoil-airlines-the DOW is running we need another company that can move in this environment??
Lol tommy calm down brother
GUSH still good
Covered gdx short here 40.60
I lightened up CCL a bit. Also I had some CCL calls which I exited completely today.
Today's gap probably fills
CCL hit 50 dma. Settling back
Covered tqqq short 120 75
Bought tqqq at 121.60
Sold tqqq 124.40
Sold uvxy 22.50
You probally going a little higher but i will reposition
im thinking 3218 might be a good buy the dip to 3292 to 3218
Tqqq is just an animal elso udowShort and long made money with sq today yhanks to my friend david
SC, how do you know the move down in November will be bigger than March?
Well first we have important points to address. The charts are coming and it is best to take things one step at a time.
There are things I have not said yet because I see these events coming from a mile away.
My predictions after too many beers. nugt 80 is a buy. HZD can run to 4.75. SPX close the gap at 3275
good prediction thats a possibility
Shorted tqqq 126.30
Shorted more tqqq 127.50
any downside target?
tqqq or spx. seems like we are toppping around here...
Maybe 3494 double top then 3318 to3270 For some reason every time to market drops things seem to be better than expected even though that really bad
i meant to say 3394
Shorted more tqqq at 128.20
Louis thoughts on uvxy ?
I am expecting a minor pullback in the S and P 500 I'm expecting a pop on August 17th 18
Reloaded long CCL $15.15
We lightened up yesterday anticipating settling back and we got it.
CCL $18 next week
Shorted more tqqq 128.50
Shorted more tqqq at 130.40
SC... can you please show us the long term SPX chart with the target you said you had in mind for later on this year please?Thank you
SC,It is very hard to release SPX chart---not being able to predict the politics that control this market.It could be 100% right or the direct oppositealthough--It would be nice to see the chart!TDunn
It's already predetermined. I heard this constantly this year. All the "uncertainty".There is no uncertainty at all.It is set and unfolds as it should.
We could see 100 percent fib on this move
Shorted NQ with you. What is your downside target?
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What do you mean louis ?
Fib retracement 3460
Im looking for 10 buckd doen on tqqq
which means what Louis
It means there's a possibility that we could get the 3460 on the SPX before we drop hard it's not a guarantee though
0r close to 100 percebt fib retracement
Carnival $7.9 billion of cash as of July 31, 2020
So much for the BK rumors lol
Covered tqqq 126
Dhort tqqq at 128.10
short i meant to say
Aha.... September 21st."Canadian and U.S. officials have agreed to keep the border between the two countries closed to non-essential travel for another month. This comes as both countries are still working to stop the spread of COVID-19, and as tensions continue to flare between Canadians and prospective American visitors.The current extension of the cross-border agreement expires on August 21, though as the spread of COVID-19 continues in both countries, the restrictions on recreational travel will remain in place until at least Sept. 21"
What does this mean? are we in Canada going to get invaded?haha
US Canada border reopen September 21st.
It means the back to school thing will fail by Oct 15 and we will be in lockdown again. Coincides with elections. I can see the SC mega vix playing out. Until then, everything is rosy
I saw an article about previous major crashes. Many crashed again in 6 or 7 months later.
Thanks Dennis! Interesting
Sc how high do you see the spx going before it tops out ?
The SPX chart will be posted soon with target levels
In July I told you that someone prominent was about to die of Covid before September. I had suspected Bolsonaro, Brazil's President, but it turned out to be Robert Trump, Donald Trump's brother.
"Robert Trump, the president's brother, dead at 71"
There not saying he died from covid
sc-That is true----they are not saying:What he died from???
Nasdaq coming out with a volatility index in the near future.
CCL going dowwwn
Even though cruise lines aren’t open I don’t c a pop b/c of hurricane season and news always reporting Covid cases. Just a tough environment for cruise lines or airlines
Last two weeks strong performance for CCL. Both up. We'll see maybe it's due for a down week to consolidate.
Good points though and agree generally
Bought a littke KODK $7.70.
Just for fun. It is approaching moving averages both on daily and weeklies that may provide support plus I have a long term fork support at $7.35.
Anybody have any thoughts on an oil spike soon?
I bought HQD 7.02 hoping 7.20 so by tomorrow
I think gold is interesting here. They say the miners have not gone up enough to compensate for increase in commodity. You can play it through nugt (bull) and dust (bear). So today, Buffet was said to have put a big stake into Barrick. The gold miners (nugt) soared. The price tested $2000 that it previously blew through. We will see if it makes a commitment over 2000. Else, it could test long term support at 1750, which coincides with the 1.5 yr chart low trend line on bullish channel. Im out right now bull/bear
Oh, and a close below 1950 could indicate a downtrend to support
opex on gold and silver is 8/26, they have to keep it in check or 2300 comes fast.....27 trillion in debt and 30% of all loans in forbearance are all u need to know where metals are heading, 2000 years as a reserve currency is proof in pudding
I I think
Anyone looking at uvxy at 19.50-19.60 for a trade? I’m think we see a pull back on S&P soon.
New chart posted!