Once the middle support is tested a rise in volatility is expected. TVIX, UVXY, and VXX are consolidating currently.
2 Day Chart
UVXY has been in a declining channel for several years, and is likely to transition into a rising trend.
2 Day Chart
Thursday, April 2, 2020
$VIX - Support Soon
VIX nears the middle support, and is anticipated to reach that level soon.
Once the middle support is tested a rise in volatility is expected. TVIX, UVXY, and VXX are consolidating currently.
2 Day Chart
UVXY has been in a declining channel for several years, and is likely to transition into a rising trend.
2 Day Chart
Once the middle support is tested a rise in volatility is expected. TVIX, UVXY, and VXX are consolidating currently.
2 Day Chart
UVXY has been in a declining channel for several years, and is likely to transition into a rising trend.
2 Day Chart
Friday, March 27, 2020
$SPX - Large Scale
SPX tried and failed to breakout above resistance. Price hit major support exactly and bounced this week.
Down pressure remains this year.
Quarterly
Down pressure remains this year.
Quarterly
Friday, March 20, 2020
TVIX - Meltdown Underway
TVIX made a parabolic rise, and started to meltdown yesterday.
The 50 weekly moving average is at $146, and should provide support next week. TVIX should hold over that in the $250 level.
60min Chart
SVXY finally broke out of a relentless downtrend.
60min Chart
The 50 weekly moving average is at $146, and should provide support next week. TVIX should hold over that in the $250 level.
60min Chart
SVXY finally broke out of a relentless downtrend.
60min Chart
Tuesday, March 17, 2020
$SPX - March and April Timing and Targets
This week and next week could see positive performance in SPX with a relief rally.
The blue mid-resistance is the initial target. After that level is reached SPX may slide down into May.
2 hour Chart
The blue mid-resistance is the initial target. After that level is reached SPX may slide down into May.
2 hour Chart
Monday, March 16, 2020
$VIX - Peak Panic
VIX may be running out of room to advance in this panic.
This is a volatility event. VIX is testing near the 2008 high.
SPX is holding quite well compared to 2008. While fast, this drop for SPX is mild in terms of percentage in a bear market relative to 2008.
The monthly chart shows long term levels of VIX support and resistance.
Monthly Chart
This is a volatility event. VIX is testing near the 2008 high.
SPX is holding quite well compared to 2008. While fast, this drop for SPX is mild in terms of percentage in a bear market relative to 2008.
The monthly chart shows long term levels of VIX support and resistance.
Monthly Chart
Sunday, March 15, 2020
$SPX - Establishing The Range
SPX is swinging up and down likely the beginning of a consolidation move.
There is some resistance overhead. However, SPX is low enough that the buying pressure keeps it balanced.
Daily
There is some resistance overhead. However, SPX is low enough that the buying pressure keeps it balanced.
Daily
Saturday, March 14, 2020
Silver/Gold - Failure at Resistance
Silver fell precipitously last week off resistance.
There is some support at $14 for Silver, but as hard as Silver is falling support won't last long. The next level of support is $10 Silver.
Silver is declining to long term target of $6.50.
Weekly
Gold is faring better than Silver, but a correction in Gold is underway. Gold is near the 200 Weekly Moving Average so a bounce may occur soon, but support is weak.
Stronger support is located at $1,375 for Gold.
Weekly
There is some support at $14 for Silver, but as hard as Silver is falling support won't last long. The next level of support is $10 Silver.
Silver is declining to long term target of $6.50.
Weekly
Gold is faring better than Silver, but a correction in Gold is underway. Gold is near the 200 Weekly Moving Average so a bounce may occur soon, but support is weak.
Stronger support is located at $1,375 for Gold.
Weekly
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