VIX held the support level specified in the VIX forecast. As well, VIX also surged up last week in tune with the rise shown in the VIX forecast.
VIX tested the midfork on Friday, and some mild resistance for several days could be expected. Short term, the next high is targeted for VIX late this month.
Overall the VIX Cycle shows an elevated VIX for a couple more months.
60min Chart
Forecast:
2hour Chart
sc, in the first chart, your vix target is 21, it is 19 in second chart and you have been saying from last week? Which one is the latest target, that could mean 40-50 sp points.
ReplyDeletesc, which one is the latest vix target? 19.2 or 21? That could mean 40-50 SP points.
ReplyDeleteI am raising my short term target to 20-21 for VIX. I expect some small dips and consolidation for VIX this week and another surge up the following week.
ReplyDeleteSC, where would you see SP500 be when VIX spikes up to 20 level later this month?
ReplyDeleteI think 1810 or so.
DeleteMarket bouncing a little today as expected. This is because VIX found a little resistance at the midfork on Friday.
ReplyDeleteJust a small bounce for SPX for a couple days and then slide down more and plunge into the end of March.
This will be a quiet week. Next week is when the action will be seen. VIX likely to start grinding up slowly later this week and surge up next week.
ReplyDeleteGet out of the way, again. New highs this week. Powerful rally has begun.
ReplyDeleteLet's see how we do in the 1880s this week.
ReplyDeleteShort S&P at 1867.
ReplyDeleteDouble BUBBLE ...
ReplyDeletehttp://finance.yahoo.com/blogs/breakout/peter-schiff--frothy-ipo-market-a-bubble-for-the-1-204341369.html
bought uvxy again on top of previous 20% profit
ReplyDeletexiv drop to 20 on this correction
Nice clean head and shoulders on S&P. VIX can melt up soon...
ReplyDeleteVIX in 13s tomorrow. S&P to 1880s...new high this week
ReplyDeletelol, took ur profit on a loss yet?
Deletewhy not into the 10s too? or maybe even lower to 5s, lol
clearly an amateur
Hi SC
ReplyDeleteYou have a target for UVXY on this drop with SP to 1810 or so?
Cheers!
VIX hit 13s yesterday as I said. And now 1880s for S&P. Step aside.
ReplyDeleteVIX eventually 12.50 soon.
DeleteHi Joe,
ReplyDeleteare those blue circles a target zone? are you looking VIX to land on 12-13 area? thanks in advance?
Those are time!
ReplyDeleteSIL
ReplyDeleteIn reality if you know time, it runs into price targets and tells you. My placements are in the area of price to watch but as I say if you know time it is not a concern. Those that talk about targets all the time, know very little or nothing about time! IMHO
VIX Trader Pays $8 Million on Bet Gauge to Rally 60% by May
ReplyDeletehttp://www.bloomberg.com/news/2014-03-18/vix-trader-pays-8-million-on-bet-gauge-will-increase-60-by-may.html?cmpid=yhoo
my question to everyone is: how big is his potential long position that it requires 8mil$ hedge? What could be other components of the trade THAT WE DONT SEE.
Deletevix really disappoints me
ReplyDeleteim out for a better price
doesn't look good for vix bulls, my out was a right decision
Deletewill be back in mid apr
After VIX 13.46 breaks..waterfall down to 12.50 quick. Real quick. Next 1-3 days.
ReplyDeleteVix wont spike until vereybody has thrown in the towel and has fallen asleep at the weel. Anybody feeling sleepy ?
ReplyDeleteSC,
ReplyDeleteWhat are you seeing now for vix and uvxy?
Thanks
VIX over 20 this month probably near 25 and UVXY around $90.
DeleteWTF!? 20/$90????
DeleteI'm usually on board but I find that hard to believe.....
....will be a buyer at Vix 12.50 or less though...
I'm seeing signs VIX will spike up this week or next aggressively.
DeleteThe S&P is so weak it has lost momentum and taken months to grind up a few points this year. It's just simply exhausted.
$8million bet is nothing compared to George Soro's $1.3billion bet against S&P
ReplyDeletehttp://www.huffingtonpost.com/2014/02/18/george-soros-stock-market_n_4810434.html
Yes, the market looks extremely weak, and has been struggling for months.
ReplyDeleteVIX continues to look strong in the Cycle, has been holding for over a year, and even the 50 day average for VIX is aggressively rising.
Yes, without a doubt a substantial correction is imminent. It is so weak, the market will likely need a 5-6 month decline to find support.
Finally that gap is closed on VIX. Watch it skyrocket!
ReplyDeletestill to 19 or 28 on the VIX from here
DeleteSo you dont think Spx 1910 is possible?
ReplyDeleteI doubt it.
DeleteVIX could be over 20 as soon as next week imo. I think this is our high of the year for S&P...
ReplyDeletecan you update your charts
DeleteWe are so close to the all important 2000 level, i would think that we want to test that super number at some point in the near future.
ReplyDeleteThat said, who cares? I wont chase remaining few % if we make new highs and risk losing 10-15-20% or whatever IF/WHEN correction hits us here.
SC, remember when i mentioned 2100 on the SnP500 1.5 years ago and you laughed at this idea?
Can you clarify a bit, do you still see 1810 as the target or you now see this is the beginning of a much bigger correction, as you said would "need a 5-6 month decline to find support"?
ReplyDeleteBoth. I think it will be choppy but lower lows and lower highs this year for S&P. It will still be a trader's market though with bounces but declining overall.
Delete