SPX - Breakout - Whipsaw Phase to Intensify

SPX found strong support as expected and has rallied up to test the white trendline identified in April. 

SPX is breaking out.  However, the whipsaw phase is about to intensify.    

SPX Daily

Before:

April 2, 2018

"SPX is approaching long term channel support and testing the 50 weekly moving average at 2,565.  Expect a big bounce soon as least up to channel resistance as identified."

30min Chart

SVXY - Before/After - Target Achieved!

SVXY has established the trading range as anticipated, and the target identified March 22, 2018 has been achieved today.

A band of horizontal resistance is shown. 

60min Chart

 



 

 

Before:

March 22, 2018 analysis:

"SVXY is declining towards short term support.  A trading range has established in the $11 to $13 range, and that is expected to continue into May."

30min Chart

$SPX - Channel Support and Resistance

SPX is approaching long term channel support and testing the 50 weekly moving average at 2,565.  Expect a big bounce soon as least up to channel resistance as identified.

30min Chart

Bitcoin - Capitulation Soon

Bitcoin is flirting with a breakdown below support.  The decline that began in December is nearly complete.

Capitulation is likely to occur soon with a lower low than February.

Daily Bitcoin

SVXY - Short Term Targets

SVXY is declining towards short term support.  A trading range has established in the $11 to $13 range, and that is expected to continue into May.

Overhead horizontal resistance has been identified.

30min Chart

SPX - Calm Seas and Smooth Sailing Ahead

SPX has likely completed the volatile first leg down, and calmer markets are ahead in March and April.   

The SPX model shows a slow and steady grind up next.  Dips should be relatively minor as the model predicts a relentless grind higher.  The next several weeks look relatively flat as SPX builds a solid base.

60min Chart

SPX 2018 Model:

SVXY - Initiating Coverage

As expected the parabolic rise in XIV identified early in 2017 collapsed with a bottomless decline.  The fund will be delisted on February 20, 2018.  The END.

Similarly, SVXY has fallen from grace.  SVXY has backtested fork support exactly.  Longterm trendline resistance is located at approximately $19.  

Weekly Chart