$SPX - Cycle Update

The Cycle for SPX showed the retracement from the yellow arrow.  Even though SPX is bouncing sharply at the moment, it is not clear that the purple arrow Cycle low is in place yet.  Recent lows could potentially be retested.

SPX may find resistance around the pink resistance line once again.

60min Chart

Crash Cycle #1:

UVXY - Mount Everest Cycle First Blue Arrow

Over the summer months, UVXY dropped down and formed the first blue arrow low in the Mount Everest Cycle.  UVXY should retest around that low according to the Cycle as it approaches the second blue arrow.

Since it is a large scale Cycle, it can take time (weeks) to reach the second blue arrow.   

The VIX Cycle is helpful for short term timing.  The VIX Cycle orange arrow high was likely August 30th.     

4hour Chart

Large Scale Mount Everest Cycle: