Thursday, June 30, 2016

UVXY - Nearing Support - Short Term Targets

UVXY is near the fork support.  A reaction at this level may be seen with a pop.
An undershoot of the support is also possible before the next run up.

Volatility is likely to be seen particularly mid - July.

Daily Chart

Wednesday, June 29, 2016

XIV - Short Term Outlook with Longer Term Target

XIV tested the main pink support and the reaction has been quite strong.  Therefore, it is likely that XIV has bottomed.

However, the next date for the high is coming due tomorrow, June 30th.  XIV is approaching major short term turquoise resistance just above.  A retest of the low is probable.

15min Chart

XIV tested the main pink support.  Still trending up.

Daily Chart

Sunday, June 26, 2016

$SPX - What's Next - July Targets

SPX failed at the horizontal resistance, and the decline to the purple arrow low was initiated on Friday.

The purple arrow low is due August.  SPX is likely to decline into August with several sharp bounces along the way.

There will be some soft spots during the coming week, but overall it looks positive.  Generally the market is due to consolidate during the week ahead.

Daily Chart

UVXY is slowly warming up.  High levels of complacency exist in the market which suggests significant upside for UVXY into August.

Probably an inverse head and shoulders pattern is forming. 

Daily Chart

Saturday, June 25, 2016

Silver - Cycle Update - Before/After - Next Targets

Silver formed the double bottom blue arrow lows late last year as anticipated in the Cycle.  The result was a significant bounce. 

Silver is approaching a critical high in the Cycle.  It may seem tempting to view Gold and Silver as a safe haven with turmoil in the market. 

Any safe haven behavior is likely short lived according to the Cycle with a relentless decline directly ahead.

3-day Chart

Before:  November 21, 2015

"Silver is anticipated to be forming the second blue arrow low currently.  In the Cycle the blue arrow lows are a double bottom pattern.  Silver should now bounce for several months towards $17."

3-day Chart

Silver Bear Market Cycle:

Thursday, June 23, 2016

$SPX - 2016 Crash Model Update - Purple Arrow Low!

SPX completed the first red arrow high in the 2016 crash model.  Currently SPX is declining to form the purple arrow low.

Importantly, the model still shows a very strong bounce from the purple arrow low up to form the second red arrow high. 

The purple arrow low is likely to form in the 1,975 to 2,000 SPX area.  The second red arrow high is due in the August/September time frame.

Daily Chart

2016 Crash Model:

Before:  May 27, 2016

Daily Chart

Tuesday, June 14, 2016

XIV - Important Support - Upside Target!

XIV has cooled to retest major turquoise support.  It'll be choppy, but further upside is likely as it works it's way towards the upper fork resistance. 

Short term, there is some resistance in the $28's, and more in the $30 to $32 range.

The larger, longer term trend remains down!

Daily Chart