Thursday, February 25, 2016

UVXY - Rejected at Resistance

UVXY popped to test midfork resistance and failed at resistance.  In the short term UVXY should decline to test the lower fork support.   

However, it remains that UVXY has clearly established a rising trend higher.

60min Chart

Monday, February 22, 2016

XIV - Target Reached!

XIV has reached it's minimum target today with an exact hit on both price and time. 

Major resistance is overhead at the blue resistance.

A dip looks likely next.  SPX has reached the 50 dma resistance, and VIX has reached the 200 dma support.

15min Chart


30min Chart

Friday, February 12, 2016

XIV - Targets - Spiking Up!

XIV is ready to test the red trendline resistance which has been depressing price for months.  XIV should pop above the red line briefly. 

It is a battle currently with the major turquoise support pushing up, and the red line resistance depressing the price. 

30min Chart

Before and Larger View:  Notice the interaction currently between the major turquoise support and the red resistance trendline. 

4 hour Chart: