Doesn't look like it quite filled it ... maybe makes another run. ... IWM is certainly not trying to catch up

So basically the IWM has to play catch up or everything else has to tank ...

Any thoughts on getting positioned for next week ?

Looks to me like the 3rd hump on the camel is in..  Looking forward to tomorrow !

What is Utrashort Silver ETF ?

Put/Call finally dropped below 1

Break on through to the other side ! (The Doors)

The GLD canary is singing...

This image is great !  All my option positions long or short other than GLD (longs) took a bath today from reduced volatility.  Historically uncertainty = down and that's what we have and can look forward to.  Period.   As posted earlier the emperor is naked, however, watch that put/call ratio..it's still bearish,... market needs to move positive to get ratio well under 1.  Aligning to that, the PAIN trade is clearly for markets to move up... great, lets pump up ba, aapl, sbux, dis, cost, wmt, tgt, mcd, ko and especially roku, shop, hd  to new highs. I will be shorting them  slowly all the way up.  I'm not drinking the kool aid but definitely tuff to trade right now ...need to get more into cash so I can short conservatively then aggressively if we get to 2890 this week.  Finding it hard to see a clear path above 2920 without first getting another big dump.

That looks a lot more likely ! 

Haha ... looks like target was reached.  I'm looking for another bounce that should take 5-7 trading days to form the 3rd hump on the S&P monthly with a lower high below 2922 ... Maybe Trump confirms more Tax breaks if the Fed doesn't get on board..  Then he increases the Tariffs more or imposes some on Germany. That should ensure going off the cliff in September.  That is my preferred path unless of course we just catapult down on Monday.  Have a great weekend all !

Trump is on a mission to lower rates and will continue leveraging Tarrifs to do so ... so that next year Rallys and he gets re-elected ... also it's fall and plenty of stocks need to come back to earth.

Gold is the canary... looks like it will curl up eod means we go down...watching closely.

Thanks... will be interesting to see if it can break out up... bought some BA 360 calls with today's expiration in case of last 30 min rally.

^{Yield curve inverts !  C'mon 2840 .. giddyaup!}

Put call at 1.16 ..has room to run but is slowed over past hour at the 61.8.

Inflection point eh Steve ? :)  New target 2840 then final bounce attempt before reality check.

GLD was certainly the Canary... i loaded up on SPXU on the GLD spike.  Question now is will this be a trend and see another 800 pt drop ?  Matt/Steve - Down side target ?

Is SPXU a 1x or 3x ?

Thanks Matt.