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Saturday, June 2, 2012

XIV - June Volatility Roadmap

XIV has been trending down within the turquoise fork.  It will likely drift a touch lower in the next few trading sessions.  However, a large spike up and breakout of the fork is imminent next week.  There should be some consolidation following the breakout, and then another spike up to the target arrow. 

SPX is setting up to rally sharply into June 18th give or take.  An SPX upside target is 1372.  Late June looks very weak for the markets again.

60min Chart















UVXY managed a false break of the yellow fork, and will soon break down below the turquoise fork.  The next large run for UVXY is anticipated in late June.   

60min Chart
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15 comments:

  1. GSKJune 2, 2012 at 12:41 PM

    Hi SC: Just wondering what you consider a touch lower (or bottom) for the XIV - ? Thx Charts look good.

    ReplyDelete
    Replies
    1. SCJune 2, 2012 at 1:01 PM

      The next few days are likely sideways and quiet. $7.90 should hold for XIV so 20 cents of downside still looks possible. I don't expect much upside for XIV for a few days either.

      Flat for a few days, and then watch for the breakout and run to around $9.60. From there it should cool off and consolidate in that "chop" zone before the final run to $10.45.

      Delete
  2. joedJune 2, 2012 at 1:32 PM

    TZA

    http://img528.imageshack.us/img528/5855/tzak.jpg

    ReplyDelete
  3. MuzzJune 2, 2012 at 1:36 PM

    Hi SC, yes I agree the SPX should start a nice rally very shortly to the high 1300's and then we have an ever bigger drop. If you can can you post an update of your S&P road map from here until November. The XIV & UVXY are great chart and I know the reflect the direction of the markets but an S&P chart would be appreciated.

    Great work again SC

    Thanks

    ReplyDelete
  4. AnonymousJune 2, 2012 at 4:26 PM

    my new friend Mr. Gann says 360degrees below 1422 high comes to 1275...1415 high to 1268...so we're close.Interestingly the low between the highs 4-10-12...360 dgrees from there is equal to day 156...which is 6-04-12...hmmm...

    ReplyDelete
    Replies
    1. AnonymousJune 2, 2012 at 5:37 PM

      also should mon. be the low...90 degrees from there time wise is 168.7 or 6-16/17-12.

      Delete
    2. AnonymousJune 3, 2012 at 7:02 AM

      and oddly enough...270 degrees from 1415 high(5-1-12) is 6-04-12 as well...another clue.Gann believed CIT's occured during 90 degree intervals from each other(or multiples..90,180,270,360, etc..)

      Delete
    3. DuzJune 3, 2012 at 1:00 PM

      Does this mean a likely low on 6/4 and bounce till 6/16 ? TIA

      Delete
  5. joedJune 2, 2012 at 7:38 PM

    TBONDS..........searching a 5th blow off top!

    http://img88.imageshack.us/img88/1403/tbondsdaily.jpg

    ReplyDelete
  6. Harry235June 2, 2012 at 8:03 PM

    SC back to Gold, how high do you see it going? I think 1700+ easily by the 4th of July.

    ReplyDelete
    Replies
    1. SCJune 4, 2012 at 5:17 AM

      Yes still plenty of upside for Gold. I plan to have Gold/Silver charts ready today.

      Delete
  7. StevenJune 3, 2012 at 1:43 PM

    SC,
    At what point would you pull the plug on the xiv trade? 7.50?

    ReplyDelete
    Replies
    1. SCJune 4, 2012 at 5:21 AM

      There shouldn't be much downside here at all. Really no chance of $7.50 imo. Flat for a few days with little downside and then I expect it to move higher.

      Delete
  8. joedJune 3, 2012 at 3:41 PM

    EMINI..............

    Day and swing traders.......watch Monday or tonight for etrance setup! Best, joed

    ReplyDelete

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