However, XIV is still trading within the orange channel, and a test of the upper channel may be possible before the channel breaks.
Daily Chart
Sunday, July 16, 2017
XIV - Sideways Over - Larger Moves Ahead
XIV has been consolidating sideways, and the sideways move appears to be over or nearly so. XIV is approaching long term resistance and volatility is likely to increase dramatically in the months ahead.
However, XIV is still trading within the orange channel, and a test of the upper channel may be possible before the channel breaks.
Daily Chart
However, XIV is still trading within the orange channel, and a test of the upper channel may be possible before the channel breaks.
Daily Chart
Saturday, July 1, 2017
XIV - Orange Channel Support Breached - Large Plunge Coming!
XIV breached orange channel support last week. The decline initiated with a flashcrash as XIV exhausted near long term resistance. The drop was signaled in advance by weakening performance.
A large plunge to test the lower fork line, and turquoise channel support is likely to occur next as shown on the chart below.
Daily Chart
A large plunge to test the lower fork line, and turquoise channel support is likely to occur next as shown on the chart below.
Daily Chart
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