The Cycle predicted major moves including:
- Rise up from the white arrow to the red arrow Fiscal Cliff top for UVXY.
- Fast drop for UVXY with large gap down from the red arrow Fiscal Cliff.
- The late February spike up for UVXY.
- Decline for UVXY after the February spike.
UVXY is nearing the blue arrow major bottom as shown in the Cycle. The Cycle decline down from the red to the blue arrow is getting mature, yet short term downside for UVXY remains probable. It is important to emphasize that this is a large scale Cycle.
Of note, there is an interesting relationship comparing the timing of both the Cycle and UVXY. Notice that the rise from the white arrow to the red arrow was relatively faster for UVXY compared to the Cycle. Furthermore, the decline for UVXY from the red arrow to the blue arrow has been relatively slower.
The Mount Everest Cycle movements are very much in agreement with the Deja Vu Cycle for SPX going forward. Both large scale Cycles predict the same result.
The Mount Everest Cycle is shown below:
UVXY is slowly approaching the blue arrow in this large scale Cycle.