Thursday, August 11, 2016

$SPX - Heavy Resistance - Short Term Targets

Due to the heavy overhead resistance, SPX has struggled to gain since mid-July.  The overhead fork resistance has effectively limited the ability of SPX to advance.

Volatility is likely to increase in the months ahead.

60min Chart

Monday, August 8, 2016

XIV - Resistance Reached!

XIV has reached the main turquoise resistance, and therefore a pullback is probable. 

The next three months looks extremely volatile with a confluence of major resistance, but also rising support.  An inverse head and shoulders pattern is setting up, and will likely come into play late in the fall months.

Daily Chart

Thursday, July 28, 2016

UVXY - Interesting Time and Price

Time and price has reached an interesting turning point.  Today, July 28th is the date forecast for a turn date and high.  August 10th is a date for a significant low.

UVXY appears to be ready for a pop.

15min Chart

Wednesday, July 20, 2016

XIV - Approaching Critical Time and Price

XIV is approaching the large June gap.  Time and price is near an interesting turning point in the week ahead.

July 28th is a date for a high.  August 10th is a date for a significant low.

60min Chart

Thursday, July 14, 2016

$SPX - Deja Vu Cycle Model

SPX spiked up, and appears to be forming an ascending broadening wedge according to the Cycle model.  Currently SPX is likely forming a high. 

Support is located at the lower red line.  Therefore, SPX should work it's way down to test the lower red support line with time. 

Daily Chart

SPX Deja Vu Cycle:

Monday, July 11, 2016

$SPX - Outlook - Levels and Timing to Watch

SPX continues to struggle and test the level of long term resistance.  A pullback is due this week.  However, the level of 2,100 may offer support during July.

July 31st is an important time for a potential high.  August 10th is a date to watch for a potential low.

60min Chart

Thursday, June 30, 2016

UVXY - Nearing Support - Short Term Targets

UVXY is near the fork support.  A reaction at this level may be seen with a pop.
An undershoot of the support is also possible before the next run up.

Volatility is likely to be seen particularly mid - July.

Daily Chart