Friday, June 14, 2019

$SPX - Selloff Next!

SPX has formed a tight range, and volatility is subsiding which indicates that a June selloff is likely to occur next.

The white line may be tested next week before the selloff begins.

Daily Chart

Thursday, June 13, 2019

$VIX - Testing Trendline

VIX is very close to testing it's trendline and has been coiling for several months.  Watch for the reaction here and selloff for SPX.    


Tuesday, June 11, 2019

UVXY - Descending Triangle

UVXY has formed a descending triangle pattern with a test of the lower boundary today.  It may spend some time filling out the triangle next.

Eventually it may bust the triangle with a dip below, but for now it has been finding support within the pattern.


Thursday, June 6, 2019

$SPX - Short Term Outlook

SPX may have a little upside yet, but this rally has been a bit much and a bit fast.

Any further upside and SPX probably dips as shown below.  It may then be in a holding pattern until the second half of June.  Another rally in later June and into July 4th most likely next.


Wednesday, June 5, 2019

SVXY - Update

After five down weeks, SVXY was due for a bounce.  SVXY has consistently found support at the neckline and blue mid support.

Some up weeks next are in order.


Friday, May 24, 2019

UVXY - Triangle Symmetry

UVXY has been cooling off, and may be getting ready to spike soon.  Price should settle back some more though as the timing matures.  Maybe a week to go which coincides with month-end.

Month-end low with potential spike up thereafter.


Wednesday, May 22, 2019

Bitcoin - Resistance Reached

Bitcoin melted up through the midpoint, and has reached the upper resistance.  It will probably settle back next.

An overthrow of resistance is quite possible as shown, but the resistance is strong enough that the price is likely to decline for the next three months.