Wednesday, September 14, 2016

XIV - Ready to Breakout - Inverse Head and Shoulders!

XIV has been flirting with a breakout of a large inverse head and shoulders pattern.  Very bullish situation with the red neckline sloped upwards, and forks pointing much higher.

XIV is testing multiple strong supports, and has room for significant upside into the US elections.  The November target is shown.

Daily Chart

No sign of a bottom yet for UVXY.  Tremendous downside ahead.

Daily Chart

Friday, September 9, 2016

$SPX - Destined to Rise into the Election!

A decline was due.  SPX obeyed the Cycle and declined into the turn date.  Today, SPX is testing strong geometric support.  There is little room for downside.

SPX is destined to rise higher into the election!

The next three turn dates for SPX are shown on the chart.   

60min Chart

Thursday, August 11, 2016

$SPX - Heavy Resistance - Short Term Targets

Due to the heavy overhead resistance, SPX has struggled to gain since mid-July.  The overhead fork resistance has effectively limited the ability of SPX to advance.

Volatility is likely to increase in the months ahead.

60min Chart

Monday, August 8, 2016

XIV - Resistance Reached!

XIV has reached the main turquoise resistance, and therefore a pullback is probable. 

The next three months looks extremely volatile with a confluence of major resistance, but also rising support.  An inverse head and shoulders pattern is setting up, and will likely come into play late in the fall months.

Daily Chart

Thursday, July 28, 2016

UVXY - Interesting Time and Price

Time and price has reached an interesting turning point.  Today, July 28th is the date forecast for a turn date and high.  August 10th is a date for a significant low.

UVXY appears to be ready for a pop.

15min Chart

Wednesday, July 20, 2016

XIV - Approaching Critical Time and Price

XIV is approaching the large June gap.  Time and price is near an interesting turning point in the week ahead.

July 28th is a date for a high.  August 10th is a date for a significant low.

60min Chart

Thursday, July 14, 2016

$SPX - Deja Vu Cycle Model

SPX spiked up, and appears to be forming an ascending broadening wedge according to the Cycle model.  Currently SPX is likely forming a high. 

Support is located at the lower red line.  Therefore, SPX should work it's way down to test the lower red support line with time. 

Daily Chart

SPX Deja Vu Cycle: