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Thursday, April 2, 2020

$VIX - Support Soon

VIX nears the middle support, and is anticipated to reach that level soon.

Once the middle support is tested a rise in volatility is expected.  TVIX, UVXY, and VXX are consolidating currently.

2 Day Chart

















UVXY has been in a declining channel for several years, and is likely to transition into a rising trend.

2 Day Chart















Friday, March 27, 2020

$SPX - Large Scale

SPX tried and failed to breakout above resistance.  Price hit major support exactly and bounced this week.

Down pressure remains this year.

Quarterly

Friday, March 20, 2020

TVIX - Meltdown Underway

TVIX made a parabolic rise, and started to meltdown yesterday.

The 50 weekly moving average is at $146, and should provide support next week.  TVIX should hold over that in the $250 level. 

60min Chart

















SVXY finally broke out of a relentless downtrend.

60min Chart















Tuesday, March 17, 2020

$SPX - March and April Timing and Targets

This week and next week could see positive performance in SPX with a relief rally.

The blue mid-resistance is the initial target.  After that level is reached SPX may slide down into May.

2 hour Chart

Monday, March 16, 2020

$VIX - Peak Panic

VIX may be running out of room to advance in this panic.

This is a volatility event.  VIX is testing near the 2008 high.

SPX is holding quite well compared to 2008.  While fast, this drop for SPX is mild in terms of percentage in a bear market relative to 2008.

The monthly chart shows long term levels of VIX support and resistance.

Monthly Chart

Sunday, March 15, 2020

$SPX - Establishing The Range

SPX is swinging up and down likely the beginning of a consolidation move.

There is some resistance overhead.  However, SPX is low enough that the buying pressure keeps it balanced.

Daily

Saturday, March 14, 2020

Silver/Gold - Failure at Resistance

Silver fell precipitously last week off resistance.

There is some support at $14 for Silver, but as hard as Silver is falling support won't last long.  The next level of support is $10 Silver.

Silver is declining to long term target of $6.50.

Weekly

















Gold is faring better than Silver, but a correction in Gold is underway.  Gold is near the 200 Weekly Moving Average so a bounce may occur soon, but support is weak.

Stronger support is located at $1,375 for Gold.


Weekly