smart money p/c sentiment chart

This chart looks like a bounce is coming tomorrow.  If 10/23 is a low then our next turn gann date is 10/29

VIX had a lift off but rejected at 200dma.

10/23 and 10/29 Gann Dates

Our traders on free chat room banked coins on our short position last Friday.  Next Gann dates are 10/23 and 10/29.  VIX sentiment chart below show a possible bounce going into Tuesday 10/23, which coincides with the Fed meeting.

Hourly SPX chart shows double doji.  Break above 1436.13 would be a good place to scalp long into Tuesday 10/23. 

VIX sentiment chart as of Friday.

As long as we do not close above 1446 on Tuesday and as high as 1450, we should head into 10/29 and test 1420>1400.   

SPX 1458 and Thursday 34th fib cycle day

I posted on chart.ly that the bounce was coming last thursday if 1429 held. 

http://stocktwits.com/ganncycle

So we got the bounce on Monday per my gann date that I posted on our free trading chat room 

Today both SPX and VIX closed green, so it is likely that SPX will go red in coming days.  This thursday is 34th day from the high of the year on 9/14.

2hr SPX chart shows 1458 is the swing price to watch.  If it holds, it will be a good place to short going into election. 

VIX ready to take off next week?

Close above 15.37 needed first and then 16.24

October 5th or 8th

Gann 21 days from the high of the year is this Friday October 5th, which is also 13 trading days from the high of the year.  1/6th of the year is 23 days.  That puts us on Sunday October 7th, or trading day on October 8th.  Start shorting starting Friday.

SPX/VIX > 80 is showing high probability of decline in coming days going into Friday and next week.

Probability Of Down		Date
1 TD later	67%	6-Sep
2 TD later	50%	7-Sep
3 TD later	42%	10-Sep
4 TD later	57%	11-Sep
5 TD later	61%	12-Sep
6 TD later	57%	13-Sep
7 TD later	65%	14-Sep
8 TD later	65%	17-Sep
9 TD later	70%	18-Sep
10 TD later	74%	19-Sep
11 TD later	74%	20-Sep
12 TD later	74%	21-Sep
13 TD later	83%	24-Sep
14 TD later	78%	25-Sep
15 TD later	83%	26-Sep
16 TD later	83%	27-Sep
17 TD later	87%	28-Sep
18 TD later	83%	1-Oct
19 TD later	91%	2-Oct
20 TD later	91%
21 TD later	100%
22 TD later	100%
23 TD later	100%
24 TD later	100%
25 TD later	100%
26 TD later	100%
27 TD later	96%
28 TD later	96%
29 TD later	96%
30 TD later	96%

Hourly SPX chart is showing bullish engulfing pattern. So we should see uptrend going into Wednesday.

Today's daily closed with a Doji.  There is a battle going on here between 1440 and 1452.