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Sunday, July 16, 2017

XIV - Sideways Over - Larger Moves Ahead

XIV has been consolidating sideways, and the sideways move appears to be over or nearly so.  XIV is approaching long term resistance and volatility is likely to increase dramatically in the months ahead.

However, XIV is still trading within the orange channel, and a test of the upper channel may be possible before the channel breaks. 

Daily Chart

Saturday, July 1, 2017

XIV - Orange Channel Support Breached - Large Plunge Coming!

XIV breached orange channel support last week.  The decline initiated with a flashcrash as XIV exhausted near long term resistance.  The drop was signaled in advance by weakening performance. 

A large plunge to test the lower fork line, and turquoise channel support is likely to occur next as shown on the chart below.

Daily Chart
 

Wednesday, May 24, 2017

$SPX - Before/After - Update

SPX made a V-bottom as anticipated, and has traded back to horizontal resistance once again.  What is next?

Expect to see an overthrow of horizontal resistance, and a washout low. 

60min Chart

















Before:

May 1, 2017 analysis:

"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
















Monday, May 1, 2017

XIV - White Trendline Backtest Complete!

XIV has backtested the white trendline as anticipated in April analysis.

Next, XIV should cool off with a dip at least to test mid-fork support.  Whipsaws are expected to continue. 

Daily Chart
















Before:

April 16, 2017 Analysis:

"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

















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