$SPX - Comparison with 1987 Crash - Before/After

SPX is nearing the upside target identified in September analysis.  SPX likely has some minimal upside into a peak due first half of November. 

Analysis to follow shortly...

60min Chart

From September Analysis:

30min Chart

XIV - Echo of 1997 Hang Seng Crash

XIV is echoing price action of the Hong Kong Hang Seng crash of 1997.  Notice that XIV is trading above the midfork support.  White trendline resistance is about to be tested, therefore price should dip to test midfork support short term.

Overall XIV should rise to test the September high.  A November high for XIV is anticipated.   

2hour Chart

1997 Hong Kong Hang Seng Crash: