$SPX - Retracement from Yellow Arrow

SPX is retracing from the yellow arrow resistance.  Churning and chop was to be expected as shown in the Cycle.  SPX should dip more in coming days during this retracement.

VIX meanwhile is strengthening, and due for a pop soon.

60min Chart

Crash Cycle #1:

$SPX - Crash Approaching - Yellow Arrow

SPX did, in fact, turn down at Point A, decline to test near the red horizontal, and then rally from the red horizontal. All of these events were predicted by the Crash Cycles.

SPX is likely near the yellow arrow in the Cycle.  Retracement is due since SPX is at the pink resistance line.       

60min Chart

Crash Cycle #1:

The Deja Vu Cycle is a larger scale Cycle. The red horizontal line is shown.

$SPX - Crash Approaching Update

SPX did, in fact, turn down at Point A, decline to test near the red horizontal, and then bounce from the red horizontal.  All of these events were predicted by the Crash Cycles.

SPX is likely near the yellow arrow in the Cycle.      

60min Chart

Crash Cycle #1:

The Deja Vu Cycle is a larger scale Cycle.  The red horizontal line is shown.

VIX - Tested 2008 Trendline

VIX has tested the trendline from 2008 recently, and currently is finding support around the 50 period moving average on the Weekly Chart.  VIX has been trending up for 4 months, and a break above the trendline from 2008 can be explosive.

UVXY should be bottoming out shortly according to the meltup Cycle.  UVXY should form a low soon, and then begin to rise slowly at first, and then meltup.  Initial targets for UVXY to consider are around $160 with a target of possibly near $250 late this year.

60min Chart

UVXY meltup Cycle:

Symmetry suggests a large move is due for VIX.  A break above the trendline from 2008 can be explosive. 

Weekly Chart