VXX is testing the panic gap from February. It probably will be a fast dip when it fills. Interestingly the trendline trajectory is lining up with the Inauguration January 20th.
Daily
uvxy---may go to 9.50---but the next spike up that should go to at least 20 to 25---we are really coiled up----something has to break in the next 30 days!
@CyclesFan $SPX had 3 major rallies of 1047-1063 points from 2011 to 2020. The entire rally from February 2016 to February 2020 was 1583 points. The rally from March 2020 will reach the same measured moved at 3775, which makes it the next potential target for a January 2021 high.
Finally, gold and silver are going up with the depreciation o the USD. My theory, is it stalled from the bitcoin rage. My guess is that bitcoin will pull back and there will be a significant rise in gold. BWTFDIK
Volatility getting interesting as it tests the panic gap. The fact it is quiet also precedes large moves.
ReplyDeleteSC how high will VXX go, in your opinion, conversely how far will SPX drop:)
ReplyDeleteNotice there is a gap at VXX $24. $29 also is important number on VXX.
DeleteThere's is also 15.77 gap to downside
DeleteOil expecting a drop to $30 and longer term $2.50.
ReplyDeleteThat's a big drop, $2.50!
DeleteDo you really mean $2.50 or was that a typo and you meant to write $25?
Delete$2.50 Oil. Yes with Oil at $50 it is a big drop. This year we saw an imbalance in the Oil market.
DeleteNext crisis for Oil will be the rise of electric vehicles and as we saw they boomed this year.
Oil is out of favor in this hostile period. Mass bankruptcy of Oil companies is coming.
Sc what is your thoughts on bitcoin ?
ReplyDeleteBitcoin did confirm that cup and handle pattern that we had charted and saw a nice move up.
DeleteBitcoin is correlated with the stock market and highly levered. The big question is when are we going to see a bitcoin etf?
Deletesc,
ReplyDeleteuvxy---may go to 9.50---but the next spike up that should go to at least 20 to 25---we are really coiled up----something has to break in the next 30 days!
Yes, so it seems
DeleteInvu is worth 1 dollar in ny opinion
ReplyDeletelou,
ReplyDeleteMade 50 % on money twice this week with INVU
I will look for a pullback and get in again!
Good
Delete@CyclesFan
ReplyDelete$SPX had 3 major rallies of 1047-1063 points from 2011 to 2020. The entire rally from February 2016 to February 2020 was 1583 points. The rally from March 2020 will reach the same measured moved at 3775, which makes it the next potential target for a January 2021 high.
Good, market likes to move in measured moves.
Deletesqroot,
ReplyDeleteif your right ---we are real close to a top!
But the federal reserve ---does not look like they favor a big downturn?
lou,
ReplyDeleteNice move on INVU!
I'm holding it tommy
ReplyDeleteHi Lou,
DeleteWould you mind share your timeline for INVU $1.00? Thank you.
This drop looks like nov 9
ReplyDeleteCan you elaborate?
Deleteall this means is two days down
ReplyDeletetwo day drop ---followed by recovery
ReplyDeleteand a reversal pattern tomorrow!
Yes that's what it looks like on tqqq Nov 9
DeleteSC, when do you expect oil 2,50€?
ReplyDeleteOil bear market for 4 to 5 years.
DeleteFinally, gold and silver are going up with the depreciation o the USD. My theory, is it stalled from the bitcoin rage. My guess
ReplyDeleteis that bitcoin will pull back and there will be a significant rise in gold. BWTFDIK