The SPX is lying. 1800 is coming

2671 20
They'll pull the rug quickly.
Comment: Expect choppiness
I'm keeping my shorts naked. Target 1830 maintained - Might adjust it later. Will post updates.
Forget VIX note SKEW
ETA - within the next 12-16 days.
Comment: VIX and SKEW more or less confirm the same story

Comment: Note where capital is heading

Given this week strong rally, do you think we will go to new high first, then a big drop to 1800+. Or you think 2100 is already the top for this rally? Thanks
The bottom is in, according to your first chart. I dont think that is the case, however.
+1 Reply
Not sure what you mean there?
cmerritt Silver-Silver
That the correlation adjusted upwards when SPX failed to make a new low with new high in Gold.
cmerritt Silver-Silver
That, or there is an impeding massive dump that is going to occur.
Good analysis mate, I also see 1800 level coming soon, but do expect another bounce right back up into 2100 after the fall. Thank you for sharing and all the BEST :)
phildastous moneymaking
I agree on 1800 level too, only thing is when..? This bounce has very little volume so my get is it could run out of steam soon. What do you guys think? I have jan 2018 puts on SPY right now.
+1 Reply
moneymaking phildastous
This rally is really just a dead cat bounce, there is no fundamental or geo-political support behind it. I am ready to re-sell near the highs. I don't worry about when 1800 level will be reached, once I am in a trade, I let the market do its thing. I don;t like to interfere with my trades. There are only 2 ways I can get out, either stop or target is reached. I will be waiting to buy back at the 1800 level, whether it comes there within a week or a month, I could care less. All that matters is what will YOU do when it reaches the 1800 level. Sorry for such a long response, can't help it. Cheers :)
Silver-Silver phildastous
My TF for this is 2 weeks
RRose Silver-Silver
hi thanks . if I understand correct you are expecting rug pull to 1800 in next two weeks and then to new highs
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