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Saturday, February 18, 2017

$SPX - Short Term Targets and Timing - 2017 Bear Market Cycle

Cycles and models show that the Bull Market for SPX since 2009 is terminating at red resistance. 

Price can grind higher in the months ahead though as the topping process progresses.  The model shows that the topping process will be characterized by whipsaws and chop.

The topping process is shown forming as a double top with completion estimated in the summer of 2017.   

Daily Chart

















SPX - 2017 Top Detailed Model:



















Wednesday, February 15, 2017

XIV - Channels with Measured Move

XIV melted up once it broke above channel resistance.  Resistance becomes support for the short term anyway. 

Long term channels with a measured move is shown.

3-day Chart

Saturday, February 11, 2017

$SPX - 2017 Cycle - Bull Market is Over

The Bull Market from 2009 is terminating at red resistance. 

A Bear Market is defined as a decline of greater than 20% from the high.  According to the Cycle a decline of greater than 20% is forecast to occur next. 

The 2017 Bear Market is initiating.    

2-day Chart

















2017 Bear Market Cycle:



















Sunday, January 22, 2017

XIV - Before/After Cycle Update

XIV is flirting with the orange target identified in September analysis. As hypothesized in September, once the red neckline was broken, price melted up.

The orange line should act as resistance short term.  XIV could still see higher over the next month, but is stretching towards an important high.  February 22nd may be the most important turn date.

After:

Daily Chart

















Before:

September 14th, 2016:

"XIV has been flirting with a breakout of a large inverse head and shoulders pattern.  Very bullish situation with the red neckline sloped upwards, and forks pointing much higher."

Daily Chart















Tuesday, December 20, 2016

UVXY - Before/After - Next Targets!

UVXY has nearly reached it's target identified in September analysis.  UVXY is currently trading around the white trendline though could undershoot the line. 

This is an interesting setup for UVXY with an initial target of $10 and a higher potential target of $30.

2-hour Chart
















Before: September 14, 2016

Daily Chart
















Thursday, December 1, 2016

Silver - Cycle Update - Final Leg Down!!

Silver is on the cusp of a prolonged downturn.  This leg down is anticipated to be the final leg down in the Silver bear market that began in 2011.

The Silver bear market has been underway for 5 years, and the Cycle shows another 2 years down remaining.

3-day Chart

















Before: June 25th, 2016

"Silver is approaching a critical high in the Cycle. "


3-day Chart

















Silver Bear Market Cycle:


















Wednesday, September 14, 2016

XIV - Ready to Breakout - Inverse Head and Shoulders!

XIV has been flirting with a breakout of a large inverse head and shoulders pattern.  Very bullish situation with the red neckline sloped upwards, and forks pointing much higher.

XIV is testing multiple strong supports, and has room for significant upside into the US elections.  The November target is shown.

Daily Chart

















No sign of a bottom yet for UVXY.  Tremendous downside ahead.

Daily Chart