Infrastructure is failing. Texas grid collapsed. Google was hacked recently, and the site went down. It will only worsen especially as Volatility rises.
Still short from last week, your overthinking it.....market has red days ahead, the bond market is more important and they are going to take out market to keep 10 year below 1.50, plus they have to sell 1.9 trillion waste of taxpayer money...lets hope the cons push back hard on that pension relief fund disguised as cv19....I'm not paying for these union idiots
yes, but now I'm not sure how far the rebound can go from 3700, I think to 3900 but I don't think it will fill the gap. Expecting a important low in summer around 2800 or even less, what do you think?
I like this guy. He posts on Investing.com chat board for S&P usually in the morning near market open.
SP_Trader 11 hours ago 3,785/80 is holding and so far that has more chances of turning out as a Double Bottom. However the 4H MA50 and MA200 are close to forming a Death Cross (RSI = 39.550, MACD = -18.402, ADX = 22.162), which is theoretically a bearish pattern but last time (October 30th) it was formed right on the Bottom of the U.S. elections price action. That was a -9% correction, right now we are around -4.5%. Technically during Bull Cycles -5% corrections are healthy pull-backs, but uncertainty is high ahead of today's (Initial Jobless Claims/ Powell) and tomorrow's (Nonfarm Payrolls) fundamentals that may affect the new U.S. stimulus vote. Like I mentioned on my last post, the 1D MA50 is the technical key (closing above it = 3,950, below it = shake-out around 3,750).
Check out that Starship landing haha
ReplyDeleteTwitter now up and running!
ReplyDelete@CyclicalAnalyst
Are u using Twitter and ending the blog?
DeleteI'll continue the blog. Since we are getting ready for big market maneuvers I thought we should open up further avenues of communication.
DeleteInfrastructure is failing. Texas grid collapsed. Google was hacked recently, and the site went down. It will only worsen especially as Volatility rises.
DeleteNice to see u there
DeleteSc u still expecting higher market first. Some road map will be good guide
ReplyDeleteStill short from last week, your overthinking it.....market has red days ahead, the bond market is more important and they are going to take out market to keep 10 year below 1.50, plus they have to sell 1.9 trillion waste of taxpayer money...lets hope the cons push back hard on that pension relief fund disguised as cv19....I'm not paying for these union idiots
ReplyDeletesc,
ReplyDeleteyou are still expecting new highs next week???
Looking good. Financials strong.
DeleteRIG yesterday I noticed it was underperforming GUSH and it has a rising wedge that is bearish. Enough reason to be cautious for now.
ReplyDeleteOCGN looking heavy. Glad to see it coming down!
ReplyDeleteSPX not quite a lower low from last week but almost there.
ReplyDeleteBought more tqqq 81.45
ReplyDeleteCrazy strength in Oil. GUSH went nuts!
ReplyDeleteinflation,
ReplyDeleteThe US cannot control this ----Drip is cheap --probably good for a point here!
thanks for the heads up!
RIG still does have bearish wedge. Also underperforming GUSH again today. Pullback does seem likely for the oils
Deletewait for 11900-12100 COMP before going long
ReplyDeleteI dont wait im a trader I sold at 97 and I'm back in
Deleteok, to each is there own..
Deletebut I'm racking up R's while your racking your brain on what happens next
We did get that lower low.
ReplyDeleteSCFebruary 25, 2021 at 9:18 AM
"SPX probably bounce tomorrow and a lower low next week. It's getting action at the month end turn date."
sc,
ReplyDeletenew highs or lower high???
Some indexes can do it. Others won't.
DeleteSami KODK. Almost at 200 dma and that level would also be a gap fill. $7.50.
ReplyDeleteAre you buying it at $7.50 SC?
DeleteBought more tqqq 79.60
ReplyDeleteLooking for rip your face off rally inn qqq and ndaq
ReplyDeleteVIX testing the last high and it might see 33 but 25 next week
ReplyDeleteI'm looking for the bargains. We're close!
ReplyDeleteVIX has higher high now!
ReplyDeleteSC, today is the low?, around 3000 in sp?
ReplyDeletesorry around 3700
DeleteYes I think so. It came to 3,700 just as we talked about except it came early.
DeleteYou were right about VIX. It didn't fill the gap before this move.
DeleteStill it will happen though
Deleteyes, but now I'm not sure how far the rebound can go from 3700, I think to 3900 but I don't think it will fill the gap.
ReplyDeleteExpecting a important low in summer around 2800 or even less, what do you think?
Yes summer is most interesting in time Cycles. We have a few swings to make before that.
DeleteGiddy up 3950 let's go looking for 320 qqq
ReplyDeleteHey SC
ReplyDeleteI've been searching for your model on SPX. Haven't seen one
for a while.
December 10th. Still continues to be excellent...
DeleteI like this guy. He posts on Investing.com chat board for S&P
ReplyDeleteusually in the morning near market open.
SP_Trader
11 hours ago
3,785/80 is holding and so far that has more chances of turning out as a Double Bottom. However the 4H MA50 and MA200 are close to forming a Death Cross (RSI = 39.550, MACD = -18.402, ADX = 22.162), which is theoretically a bearish pattern but last time (October 30th) it was formed right on the Bottom of the U.S. elections price action. That was a -9% correction, right now we are around -4.5%. Technically during Bull Cycles -5% corrections are healthy pull-backs, but uncertainty is high ahead of today's (Initial Jobless Claims/ Powell) and tomorrow's (Nonfarm Payrolls) fundamentals that may affect the new U.S. stimulus vote. Like I mentioned on my last post, the 1D MA50 is the technical key (closing above it = 3,950, below it = shake-out around 3,750).
"Tsunami warning issued across parts of the Pacific after a third earthquake strikes New Zealand"
ReplyDeleteBought some wish down here
ReplyDeleteOcugen getting smoked!
ReplyDeletesc,
ReplyDeleteShould have puts at 11 bucks
do you think we bottomed today?
I know you expecting next week to be positive!
I do expect markets better next week but also expect further selling in the second half of March going into April.
Deletesc,
ReplyDeletenew highs --are we expecting a bounce to SPX 3900 or better?
Still a little shaky SPX. Let's see if we can put in a low. Then yes we'll get a bounce.
Deletesc,
ReplyDeleteUvxy--is not even moving ---heavily controlled sell off?
Noticed that. Maybe a higher high at best
DeleteRIG finally cooling off a bit. I'm eyeing $3.50.
ReplyDeleteBought KODK $7.00.
ReplyDeleteI'll try it at that price for a pop.
DeleteKODK near the 50 weekly.
DeleteBought UPRO $75.85.
ReplyDeleteNicely done SC, up over $6.00!
DeleteNice double bottom made for SPX!
ReplyDeletesc,
ReplyDeletelast blast off!
should be quick!
Oh yeah!!!
DeleteFriday!!
DeleteAre you able to provide a Spx and Vix road map soon?
DeleteYes, will do. Currently it's a consolidation period in SPX. VIX still has a low to make.
DeleteFAS has an ascending triangle. Resistance just under $90. So about another $1 then may see it settle back.
ReplyDeleteThat is a good clue for SPX.
ReplyDeleteSold UPRO $82.85.
ReplyDeleteFAS did hit $90.
ReplyDeleteSign up for my Twitter. I just posted an important tip there...
ReplyDelete@Cyclicalanalyst
China took a swoon last night. That's the market's next problem now that fretting about bonds is over for the time being. FXI drop.
ReplyDeletesc,
ReplyDeleteAre we still expecting new highs this month on the Spx?
The NDX just keeps dropping?
I think it can do it. Look at Financials today. FAS fresh highs. Very strong!
DeleteNDX is a more volatile index. It'll wake up too. The daily sure it's a bit questionable but the weekly looks quite nice actually.
DeleteNDX chart coming...
ReplyDeleteSC whats your upside target for Kodak?
ReplyDeleteI think it could retest the low again so I may exit soon, but let's look at it later in the month for another possible entry.
DeleteNew chart posted!
ReplyDelete