SPX - Breakout - Whipsaw Phase to Intensify

SPX found strong support as expected and has rallied up to test the white trendline identified in April. 

SPX is breaking out.  However, the whipsaw phase is about to intensify.    

SPX Daily

Before:

April 2, 2018

"SPX is approaching long term channel support and testing the 50 weekly moving average at 2,565.  Expect a big bounce soon as least up to channel resistance as identified."

30min Chart

SVXY - Before/After - Target Achieved!

SVXY has established the trading range as anticipated, and the target identified March 22, 2018 has been achieved today.

A band of horizontal resistance is shown. 

60min Chart

 



 

 

Before:

March 22, 2018 analysis:

"SVXY is declining towards short term support.  A trading range has established in the $11 to $13 range, and that is expected to continue into May."

30min Chart