Silver-Silver
Short

The SPX is lying. 1800 is coming

2651 20 54
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.
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snapshot
Comment: VIX and SKEW more or less confirm the same story

Is it Bear Season Again?
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Comment: Note where capital is heading

Global Risk Map
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I hope so :)
+1 Reply
Great chart Silver!! Truly helpful and always appreciate the insight.
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Thank you
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what date are ur shorts for ?
i have heard some say july , others aug , of course sept , oct , and 1 year it was nov


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Like I said above. My view is that we bottom within the next couple of weeks.
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I've idea close to yours
Connection between GOLD & SP500
snapshot
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Silver-Silver john_silver
Thanks for sharing!
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hi guys, how do you mix 2 chart pricing just like you do ? XAUUSD/USDJPY ..? I tried to type exactly the same but , doesn't work. please advice. thank you.
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coondawg71 PRO kinetix360
@kinetix360, its pretty easy, just a simple math function. (XAUUSD/USDJPY)/2 . Just make sure to divide the combiniation of securities by the number included. So in this case three. I do a Global Matrix Index to get a feel for overall global equity sentiment by using (JPN225+GER30+UK100)/3; or you can do the same to make a currency index, (USDCHF+USDCAD+USDGBP+USDEUR+USDAUD+USDNZD+USDJPY/100)/7. In that case, when doing Yen currencies you have to have the added function of dividing by 100 so it is in same weight as the others. Hope that helps.
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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 :)
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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.
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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 :)
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Silver-Silver phildastous
My TF for this is 2 weeks
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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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Silver-Silver moneymaking
Yeah I agree on the bounce too...I actually think we might hit new highs before the end of Q3. Thanks for stopping by!
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The bottom is in, according to your first chart. I dont think that is the case, however.
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Not sure what you mean there?
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cmerritt PRO Silver-Silver
That the correlation adjusted upwards when SPX failed to make a new low with new high in Gold.
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cmerritt PRO Silver-Silver
That, or there is an impeding massive dump that is going to occur.
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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
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