Price looks attractive for a pop with VIX at trendline support and SPX approaching overbought. UVXY pop into month-end probable.
Daily Chart
VIX at trendline, ready to pop!
Daily Chart
Friday, February 15, 2019
UVXY - VIX at trendline!
UVXY has cooled off from the December target.
Price looks attractive for a pop with VIX at trendline support and SPX approaching overbought. UVXY pop into month-end probable.
Daily Chart
VIX at trendline, ready to pop!
Daily Chart
Price looks attractive for a pop with VIX at trendline support and SPX approaching overbought. UVXY pop into month-end probable.
Daily Chart
VIX at trendline, ready to pop!
Daily Chart
Monday, February 11, 2019
SVXY = Drop into Month-End
SVXY is finding a little support at the midfork, but a drop looks likely into month-end February.
As is typical in a V-bottom the fast gains come early, and then slow. The rally is probably approximately two thirds complete with one third left in price. However, in time the rally may be only halfway.
Daily Chart
As is typical in a V-bottom the fast gains come early, and then slow. The rally is probably approximately two thirds complete with one third left in price. However, in time the rally may be only halfway.
Daily Chart
Sunday, January 27, 2019
SPX - Trendline Reached - What's Next?
SPX has reached the trendline from October. An overthrow of the white trendline is probable.
In the short term a rocky road is ahead for a few weeks. With the trendline above, SPX is susceptible to a significant decline in the short term.
Daily
In the short term a rocky road is ahead for a few weeks. With the trendline above, SPX is susceptible to a significant decline in the short term.
Daily
Wednesday, January 23, 2019
Bitcoin - Ready to Pop
Bitcoin is likely to be consolidating for a pop next. Price has been holding in a tight range which typically occurs just before a stronger move.
A move up to test the red horizontal next is anticipated.
Daily
A move up to test the red horizontal next is anticipated.
Daily
Friday, January 11, 2019
$SPX - Selloff Imminent
SPX hit horizontal resistance, and the SPX model is showing a deep red weekly bar next.
Next week, SPX is on pace to lose the last two weeks of gains with an selloff. SPX support is located as shown.
60min Chart
Next week, SPX is on pace to lose the last two weeks of gains with an selloff. SPX support is located as shown.
60min Chart
Tuesday, December 25, 2018
$SPX - Big Picture Looks Positive
SPX has seen a 20% drop which does meet the minimum definition of a bear market. Ironically just as the bear market has begun, a large bounce is coming next.
Weekly SPX is oversold now, much more so than in February, and that likely suggests the bounce will be fast. SPX is testing the weekly 200 moving average which notably is rising.
People will need to adjust to a larger, faster paced market looking forward.
Weekly
Notice VIX lower high from February. Recent VIX pop confirms SPX is bottoming now.
Weekly
Weekly SPX is oversold now, much more so than in February, and that likely suggests the bounce will be fast. SPX is testing the weekly 200 moving average which notably is rising.
People will need to adjust to a larger, faster paced market looking forward.
Weekly
Notice VIX lower high from February. Recent VIX pop confirms SPX is bottoming now.
Weekly
Thursday, December 20, 2018
$SPX - Downside Target
Selling appears to be nearing exhaustion. The measured downside target has almost been reached. The December leg down is likely to be at least as long as the October leg down. Possibly a little deeper.
Blue support is to be tested soon. A strong bounce into January is likely from the low that is forming.
Daily
Blue support is to be tested soon. A strong bounce into January is likely from the low that is forming.
Daily
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