Friday, February 21, 2014

$VIX - 2 Month Forecast

VIX is currently finding support at the turquoise fork, and around the pink support line.  It is a very strong level of geometric support for VIX.

The trend is likely to remain up for VIX for several more months according to this Cycle. 

Therefore, SPX is due to hit a high within a few days, and a several month downtrend for SPX is forecast into May.

2hour Chart

VIX Cycle 1:

Saturday, February 8, 2014

$VIX - Cycle Continues - Blue Arrow

VIX reached the target area and blue arrow Cycle high.  Currently, VIX is near the pink support. 

The Cycle shows two more peaks coming.  The next peak is due in February and another in late March or April according to the Cycle. 

Therefore, VIX is likely to find support soon and rise sharply to the next peak.  The next peak for VIX may even be slightly higher than the blue arrow.

2hour Chart

VIX Cycle 1: