Monday, April 2, 2018

$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

Saturday, March 31, 2018

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

Thursday, March 22, 2018

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

Thursday, March 8, 2018

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:

Thursday, February 15, 2018

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

Thursday, February 8, 2018

$SPX - Rollercoaster Ride to Continue - Massive Rally Approaching

SPX plunged off major resistance this week.  However, the channel is intact, and still mildly bullish.  A new slightly higher high is likely to materialize according to the model.  

The model shows that the topping process will be characterized by whipsaws and chop.   

Daily Chart

Wednesday, February 7, 2018

UVXY - Measured Move Achieved - Volatility to Continue!

The measured move targeted in January 9th analysis has been achieved.  Price touched the orange fork resistance exactly and was rejected.

The markets have entered the whipsaw phase. 

UVXY should decline next week into Friday, and spike again to test the orange resistance later this month.  Volatility to continue, and increase in the following months.

2day Chart


January 9th, 2018 analysis:

"Not much room for downside on this chart for UVXY.  Price slowly grinding along support with time.  Spike up likely within a few weeks."

2day Chart