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Friday, August 11, 2017

XIV: Before/After - Targets Reached!

XIV has reached the targets set out in July analysis.  A low should be near with a large bounce ahead into September.

The orange channel is clearly broken, but overall the XIV chart is still quite strong.  Volatility is likely to increase in the months ahead.     

Daily Chart:

















Before:

July 16, 2017:

"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
















7 comments:

  1. SC gold and silver bulls out in force.

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  2. Do you still see the market topping out in fall, or is this just a spike in vol for you?

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    Replies
    1. The market is in a topping phase. It'll take months to play out.

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  3. Sc so when u expecting 2300 or so

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  4. SC, based on the strong S&P and XIV bounce, where do you see SPX topping out, or has it already? Also, does XIV have any chance of going back to the highs again? thx

    ReplyDelete
    Replies
    1. Yes, SPX still should see a higher high. Marginal upside for SPX though. XIV is trading far more aggressively, and can trade much higher.

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    2. 87 still your target on xiv or higher your thoughts

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