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Friday, February 15, 2019

UVXY - VIX at trendline!

UVXY has cooled off from the December target.

Price looks attractive for a pop with VIX at trendline support and SPX approaching overbought.  UVXY pop into month-end probable.

Daily Chart
















VIX at trendline, ready to pop!

Daily Chart















Monday, February 11, 2019

SVXY = Drop into Month-End

SVXY is finding a little support at the midfork, but a drop looks likely into month-end February.

As is typical in a V-bottom the fast gains come early, and then slow.  The rally is probably approximately two thirds complete with one third left in price.  However, in time the rally may be only halfway.

Daily Chart

Sunday, January 27, 2019

SPX - Trendline Reached - What's Next?

SPX has reached the trendline from October.  An overthrow of the white trendline is probable.

In the short term a rocky road is ahead for a few weeks.  With the trendline above, SPX is susceptible to a significant decline in the short term.

Daily

Wednesday, January 23, 2019

Bitcoin - Ready to Pop

Bitcoin is likely to be consolidating for a pop next.  Price has been holding in a tight range which typically occurs just before a stronger move.

A move up to test the red horizontal next is anticipated.

Daily

Friday, January 11, 2019

$SPX - Selloff Imminent

SPX hit horizontal resistance, and the SPX model is showing a deep red weekly bar next.

Next week, SPX is on pace to lose the last two weeks of gains with an selloff.  SPX support is located as shown.

60min Chart

Tuesday, December 25, 2018

$SPX - Big Picture Looks Positive

SPX has seen a 20% drop which does meet the minimum definition of a bear market.  Ironically just as the bear market has begun, a large bounce is coming next.

Weekly SPX is oversold now, much more so than in February, and that likely suggests the bounce will be fast.  SPX is testing the weekly 200 moving average which notably is rising.

People will need to adjust to a larger, faster paced market looking forward.

Weekly
















Notice VIX lower high from February.  Recent VIX pop confirms SPX is bottoming now.

Weekly

Thursday, December 20, 2018

$SPX - Downside Target

Selling appears to be nearing exhaustion.  The measured downside target has almost been reached.  The December leg down is likely to be at least as long as the October leg down.  Possibly a little deeper.  

Blue support is to be tested soon.  A strong bounce into January is likely from the low that is forming.

Daily