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Wednesday, April 26, 2017

$SPX - Wall of Resistance Reached!

SPX has spiked up to test 2,400 as anticipated. 

However, the spike has been too much and too fast.  The gap is likely to fill next as shown on the chart.

The roller coaster to continue...

60min Chart
















Before:

April 10, 2017 analysis:

"SPX should be ready this week for another attempt to break channel resistance.  The next strong resistance is located at 2,400 which is likely to be tested this month."

60min Chart

















Sunday, April 16, 2017

XIV - Important Update!

XIV has fallen out of the white channel, and is now trading in the orange channel.  XIV tested the orange channel support last week.

Next, a spike up is anticipated for XIV to backtest the white trendline.  The spike up is expected to start gradually this coming week, and intensify as month-end April approaches.

Daily Chart
















Before:

March 18, 2017 analysis:

XIV has reached it's short term target, and a pullback is due.  XIV has been trading in the white channel, but the slope is too steep, and appears unsustainable.

A pullback to the orange channel with a more gradual slope is likely to occur next.


Daily Chart
















Wednesday, April 12, 2017

XIV - Before/After - Next Targets

XIV has fallen out of the white channel, and is now trading in the orange channel with a more reasonable slope.  XIV is nearing the orange channel support. 

There should be a bounce and lower low. 

Daily Chart
















Before:

March 18, 2017 analysis:

XIV has reached it's short term target, and a pullback is due.  XIV has been trading in the white channel, but the slope is too steep, and appears unsustainable.

A pullback to the orange channel with a more gradual slope is likely to occur next.


Daily Chart
















Monday, April 10, 2017

$SPX - 2,400 Horizontal Resistance

SPX attempted to break out of the channel coming into the April 6th turn date.  Price was not quite strong enough to break it at that time and has cooled for another attempt.

SPX should be ready this week for another attempt to break channel resistance.  The next strong resistance is located at 2,400 which is likely to be tested this month. 

60min Chart
















Friday, April 7, 2017

UVXY - Mathematically Perfect

UVXY rose to a target defined mathematically.  Price was attracted by magnet to the target area in perfect price and time.

Support for UVXY is currently in the $14's.  Whipsaws down and up are expected to intensify as the month of April progresses.

30min Chart

Saturday, March 18, 2017

XIV - Pullback Due - Short Term Targets

XIV has reached it's short term target, and a pullback is due.  XIV has been trading in the white channel, but the slope is too steep, and appears unsustainable.

A pullback to the orange channel with a more gradual slope is likely to occur next.

Daily Chart

Friday, March 3, 2017

XIV - Upside Going Parabolic!

The movement in volatility is unprecedented.  XIV has broken above channel resistance, and is configuring into a parabolic melt up. 

Complacency is going parabolic which ultimately is extremely bearish for the S&P 500.  In fact, it confirms a major topping process is underway for the S&P 500. 
      
3day Chart

















Parabolic XIV 2017 Model: