Tuesday, August 6, 2019

$SPX - 2019 Model Update

SPX has continued to follow the 2019 Model with deep pullbacks and higher highs and higher lows.

This pullback in SPX should complete in August and is likely to be followed by a higher high in September according to the Model.

The price action is typical following a consolidation year.

Daily Chart

SPX 2019 Model:

Monday, July 29, 2019

VXO - 1987 Trendline

VXO has formed a trendline from 1987 to 2008.  VXO has been spiking frequently, and has been in a rising trend for two years now.

When VXO trends up for two years, it typically sees a large move higher on the third year.  An outsized move in volatility is coming due in the year 2020.

A test of the 1987 trendline would take VXO up to approximately 65, and surpass all peaks since 2008.

Yearly Chart

VIX typically tops out 5 points less then VXO at volatility peaks giving a VIX target of 60.

Yearly Chart

Wednesday, July 3, 2019

SVXY - Leading lower

SVXY has retested the April high yet it has no strength to test the September 2018 high.

It is clear that SVXY is leading lower.  SVXY is close to the important blue line resistance, and sideways price action is likely to mark this high.  Resistance is just above with a confluence of support showing at $46 later this year.


Sunday, June 30, 2019

UVXY - Almost Ready - Low Due in July!

UVXY has been consolidating for another spike up, and a low is due in July.

The descending triangle broke down with a calculated UVXY target of $27.  UVXY is almost ready with a low forming in the weeks ahead.

VIX is likely to retest it's December high by the September/October timeframe.


Thursday, June 27, 2019

Bitcoin - Sudden Drop Next

Bitcoin analysis posted July 16th, 2018 proved to be accurate, with the bottom forming in December, and Bitcoin hitting the 14,000 target yesterday.

A sudden drop is coming next.  Bitcoin is likely to drop to the 8,000 level which has become strong support.


Bitcoin:  July 16, 2018 Analysis:


Wednesday, June 26, 2019

$VIX - Wedge - Short Term Targets

Interestingly VIX touched the nose of it's symmetrical triangle yesterday.

It appears that a wedge is forming.  The trendline is just a touch lower.  A period of high volatility is due to commence starting from July and into the Fall months.


Tuesday, June 25, 2019

Gold - Fake Breakout!

Gold traders are excited about a breakout, but we can see clearly that Gold is approaching strong resistance and the dominant trend remains down.

Gold has been down off the major high in 2011 for eight years so far with the Gold bear market to continue.