$SPX - Reversal and Expanding Cycle Update

SPX overshot the upper red line by time and price practically identical to the Cycle expanding formation.  Yesterday, there was a significant reversal and SPX is currently testing near the red line.  The key levels to watch in the Cycle are both the red lines, especially the horizontal red line.

SPX is trading in an expanding formation as predicted by the Deja Vu Cycle. In the Cycle, it does overshoot the red line to reach point A. Horizontal support held in April, and the Cycle accounts for that horizontal.

This is the 10th week that VIX has been trending up, and that is a serious warning. The behaviour of VIX is also evidence in support of the large Cycle continuing.  However, for VIX to hit an extreme level of complacency it may still reach closer to the mid-March bottom.

60min Chart

The Deja Vu Cycle expanding formation is shown with the red lines. Notice that there is an overshoot at point A.

 

Deja Vu Cycle on a larger scale:

Silver - Cycle Low with Powerful Spike Up Next

Silver is likely bottoming out at the turquoise arrow Cycle low.  

The bear market in Silver is just over the halfway mark in the Cycle.  Notice that numerous rallies occur throughout the Cycle.

The Cycle shows a powerful spike up next for Silver from the turquoise low.  Silver may act as a safe haven and spike up next - fear trade. 

2day Chart

Silver Bear Market Cycle:

$SPX - Point A Target Reached

SPX has overshot the upper red line and reached the target for Point A exactly on time and price.  The behaviour of the rally is identical to the Cycle expanding formation.

SPX is trading in an expanding formation as predicted by the Deja Vu Cycle. In the Cycle, it does overshoot the red line to reach point A. Horizontal support held in April, and the Cycle accounts for that horizontal.

This is the 8th week that VIX has been trending up, and that is a serious warning. The behaviour of VIX is also evidence in support of the large Cycle continuing. However, for VIX to hit an extreme level of complacency it may decline closer to the mid-March bottom.

60min Chart

Before:  From May 6th analysis:


30min Chart

The Deja Vu Cycle expanding formation is shown with the red lines. Notice that there is an overshoot at point A.

Deja Vu Cycle on a larger scale:

 

$SPX - Cycle Expanding Formation Update

SPX touched the upper red line today.

SPX is trading in an expanding formation as predicted by the Deja Vu Cycle. In the Cycle, it does overshoot the red line to reach point A. Horizontal support held in April, and the Cycle accounts for that horizontal.

This is the 8th week that VIX has been trending up, and that is a serious warning.  The behaviour of VIX is also evidence in support of the large Cycle continuing.  However, for VIX to hit an extreme level of complacency it may decline closer to the mid-March bottom.

30min Chart

The Deja Vu Cycle expanding formation is shown with the red lines. Notice that there is an overshoot at point A.

 

Deja Vu Cycle on a larger scale:

$SPX - Cycle Expanding Formation

SPX is trading in an expanding formation as predicted by the Deja Vu Cycle.  In the Cycle, it does overshoot the red line to reach point A.  Horizontal support held in April, and the Cycle accounts for that horizontal.

VIX has trended up for 7 weeks, and that is a serious warning as well as confirmation of the Cycle.  However, for VIX to hit an extreme level of complacency it may decline closer to the mid-March bottom.

Currently VIX is testing the trendline.

30min Chart

The Deja Vu Cycle expanding formation is shown with the red lines.  Notice that there is an overshoot at point A. 

VIX has trended up for 7 weeks, and that is a serious warning.  However, for VIX to hit an extreme level of complacency it may retest near the green line. 

Currently VIX is testing the trendline from mid-March.  

30min Chart

UVXY - Mount Everest Cycle Approaching Blue Arrow

The Cycle predicted major moves including:

- Rise up from the white arrow to the red arrow Fiscal Cliff top for UVXY.
- Fast drop for UVXY with large gap down from the red arrow Fiscal Cliff.
- The late February spike up for UVXY.
- Decline for UVXY after the February spike.
- Drop below white wedge line and spend time forming blue arrow bottom.

UVXY is nearing the blue arrow major bottom as shown in the Cycle.  The Cycle decline down from the red to the blue arrow is mature.  It is important to emphasize that this is a large scale Cycle. 

All of the major price movement requirements in the Cycle have been met already.

Daily Chart

Look closely at the white wedge line drawn on the Mount Everest Cycle below.  Price fell below the white wedge line prior to the blue arrow bottom.  Then price popped and bounced along forming the blue arrow bottom. 

Price is currently testing several support lines.

60min Chart

$VIX - Short Term Levels

VIX has been trending higher for more than 5 weeks.  This fact continues to be a warning that SPX is in the late stages of a topping process.  Currently VIX is testing the white supports. 

VIX may find support and bounce again soon.  After bouncing it could still test the pink fork line though.  A test of the pink fork would indicate extreme complacency.   

60min Chart

UVXY has been trading in the blue fork.  Interestingly, the turquoise fork accounted for the flash bounce yesterday.

60min Chart