Saturday, June 25, 2016

Silver - Cycle Update - Before/After - Next Targets

Silver formed the double bottom blue arrow lows late last year as anticipated in the Cycle.  The result was a significant bounce. 

Silver is approaching a critical high in the Cycle.  It may seem tempting to view Gold and Silver as a safe haven with turmoil in the market. 

Any safe haven behavior is likely short lived according to the Cycle with a relentless decline directly ahead.

3-day Chart

Before:  November 21, 2015

"Silver is anticipated to be forming the second blue arrow low currently.  In the Cycle the blue arrow lows are a double bottom pattern.  Silver should now bounce for several months towards $17."

3-day Chart

Silver Bear Market Cycle:

Thursday, June 23, 2016

$SPX - 2016 Crash Model Update - Purple Arrow Low!

SPX completed the first red arrow high in the 2016 crash model.  Currently SPX is declining to form the purple arrow low.

Importantly, the model still shows a very strong bounce from the purple arrow low up to form the second red arrow high. 

The purple arrow low is likely to form in the 1,975 to 2,000 SPX area.  The second red arrow high is due in the August/September time frame.

Daily Chart

2016 Crash Model:

Before:  May 27, 2016

Daily Chart

Tuesday, June 14, 2016

XIV - Important Support - Upside Target!

XIV has cooled to retest major turquoise support.  It'll be choppy, but further upside is likely as it works it's way towards the upper fork resistance. 

Short term, there is some resistance in the $28's, and more in the $30 to $32 range.

The larger, longer term trend remains down!

Daily Chart

Saturday, May 28, 2016

$SPX - Horizontal Ceiling - 2016 Cycle!

SPX pulled back in May, and is currently near major resistance once again.  Upside is capped by the horizontal resistance that extends back more than a year.

The horizontal white resistance is likely to be tested in June with a high forecast June 17th.  July looks particularly negative.

Daily Chart

2016 Crash Model:

XIV consolidated during the month of May, and has cleared double resistance.  XIV should see a pullback this week, but further upside is likely in June as it works it's way towards upper fork resistance. 

The larger, longer term trend remains down!

Daily Chart

Thursday, April 21, 2016

$SPX - Horizontal Resistance

SPX has effectively reached horizontal resistance for the third time over the last one year period. 

Therefore, a pullback is likely to materialize.  May looks bearish.

Daily Chart

2-hour Chart

Wednesday, April 13, 2016

UVXY - Geometry - Levels to Watch

UVXY is breaking below support.  Therefore, short term downside is likely in the month of April.  Notice that the downtrend for UVXY is quite shallow though.

The lower turquoise support will probably be tested.  Charts and Cycles suggest UVXY is setting up to form a low over the next 2 weeks and rise sharply in May.

60min Chart

Thursday, April 7, 2016

$SPX - 2016 Cycle Model with Targets!

SPX has stalled due to the white resistance, and is simply going nowhere.  Price action is relatively quiet though, and in the short term it is unlikely to see much movement. 

Market conditions are steadily, but slowly deteriorating, and a pullback is coming according to the model. 

However, the reality is that the bears, as always, will need to have patience for the larger moves to develop.

Daily Chart

2016 Crash Model: