$SPX - Middle Support Breached

SPX has breached middle support and closed under on Friday.

Expect lower prices.  Higher volatility will be seen during the re-election period.  Many of the moves will be very sharp.

2 hour Chart

$VIX - Perfect Storm!

VIX was up in August and is now up again in September on Monthly chart.  Two months in a row!

The perfect storm is brewing and it is coming this month.  SPX has failed at 3,350 and the 50 dma has crumbled.

Hurricanes and wildfires are ravaging both coasts with another hurricane due next week.  Conditions are ripe for volatility.   

Monthly Chart

UVXY - Awakening

UVXY has consistently made lower highs and lower lows.

The first step to awaken would be a higher high.  It may be ready to see just that.

Daily

KODK - Starting to Flatten

Kodak was awarded a major government loan to produce ingredients for pharmaceuticals, however, the company is under investigation currently.  As a result the shares have been in turmoil.  

The stock may have reached a better balance.  The selling looks flat.  May see some higher highs and lows next.  

60min Chart

$SPX - Big Picture Update

In the big picture SPX is ramping up and has pushed out above.

However, as SPX pushes higher volatility is also increasing.  In March we witnessed the largest point drop in history. 

Quarterly

Direct hit for SPX!

Daily