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Wednesday, July 25, 2018

$SPX - Before and After with 2018 Target

SPX has reached the Cycle target identified in May, 2018 analysis.  Both charts are shown with the results before and after.

A small pullback is due in August followed by the final run to the 2018 target. 

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Before:

May 21, 2018 analysis:  Breakout!

Daily















Monday, July 16, 2018

Bitcoin - Bouncing but Capitulation is Coming

Bitcoin is making another bounce off support, but the bounces are becoming smaller and price is weak with a sideway move.

Capitulation is likely to occur later this year.

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Monday, July 2, 2018

SVXY - Rejected off Horizontal Resistance

SVXY has declined from the band of horizontal resistance identified May 10, 2018.  Notice the interaction with the red resistance lines.

A low is due to form shortly.

60min Chart















Monday, May 21, 2018

SPX - Breakout - Whipsaw Phase to Intensify

SPX found strong support as expected and has rallied up to test the white trendline identified in April. 

SPX is breaking out.  However, the whipsaw phase is about to intensify.    

SPX Daily

















Before:

April 2, 2018

"SPX is approaching long term channel support and testing the 50 weekly moving average at 2,565.  Expect a big bounce soon as least up to channel resistance as identified."

30min Chart















Thursday, May 10, 2018

SVXY - Before/After - Target Achieved!

SVXY has established the trading range as anticipated, and the target identified March 22, 2018 has been achieved today.

A band of horizontal resistance is shown. 

60min Chart
 

 
 
Before:

March 22, 2018 analysis:

"SVXY is declining towards short term support.  A trading range has established in the $11 to $13 range, and that is expected to continue into May."

30min Chart















Monday, April 2, 2018

$SPX - Channel Support and Resistance

SPX is approaching long term channel support and testing the 50 weekly moving average at 2,565.  Expect a big bounce soon as least up to channel resistance as identified.

30min Chart

Saturday, March 31, 2018

Bitcoin - Capitulation Soon

Bitcoin is flirting with a breakdown below support.  The decline that began in December is nearly complete.

Capitulation is likely to occur soon with a lower low than February.

Daily Bitcoin