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Wednesday, April 12, 2017

XIV - Before/After - Next Targets

XIV has fallen out of the white channel, and is now trading in the orange channel with a more reasonable slope.  XIV is nearing the orange channel support. 

There should be a bounce and lower low. 

Daily Chart
















Before:

March 18, 2017 analysis:

XIV has reached it's short term target, and a pullback is due.  XIV has been trading in the white channel, but the slope is too steep, and appears unsustainable.

A pullback to the orange channel with a more gradual slope is likely to occur next.


Daily Chart
















23 comments:

  1. Most likely we'll see XIV bounce next.

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  2. Sc. So xiv wont go from 58 to 90 as u had in earlier chart

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    Replies
    1. Yes, I do still see that happening. That's the big picture. It's best to take things one step at a time.

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  3. Bottom line is that XIV is nearing the orange support which is around $61. It's likely to bounce off the orange support. I'll be looking to exit on the bounce.

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  4. Replies
    1. It'll take time but I'll hold for $74.

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  5. looks the symmetry is horrible still expecting a pump up though
    monday

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    Replies
    1. I agree Louis. I am sure they will ramp up the futures Sunday night. I sold two batches of shorts today. I still have one batch short. I will re short Monday to for my possible cycle day low April 20th.

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  6. I know that $SPY will bounce off 232 next week What I don't yet know is whether the bounce will be a reversal or just relief rally ahead of more downside. trump is dropping bombs making people nervous we will see good luck all

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  7. todays low didnt quite reach the support level on qqq of 129.40
    in my opinion the qqq will have a mean reversiion 132.10

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  8. Sc u expexted up week last week. Was there an inversion. Do you still expect. Highh of some kind by may 3. And down. People are saying low into next week and then ip

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    Replies
    1. No there was no inversion. The turn date is coming due this week. The spike to SPX 2,400 is directly ahead.

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  9. Could you please let me know if the time stamp, is est time ? Thanks

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  10. All that is happening is that SPX is retesting the March 27th low. Very positive.

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    Replies
    1. Fully agree, waiting for RIP your face Rally after the French Vote into late June. I am hanging out here to educate my self on xiv, uvxy.

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    2. We are seeing unprecedented moves in volatility this year. Very exciting time indeed!

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  11. But i still think sc expecting. Uvxy 25 to 30 in may

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  12. Disregard this chart. I have posted an important update for XIV that I anticipate is simpler and more accurate.

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