Thursday, April 21, 2016

$SPX - Horizontal Resistance

SPX has effectively reached horizontal resistance for the third time over the last one year period. 

Therefore, a pullback is likely to materialize.  May looks bearish.

Daily Chart

2-hour Chart

Wednesday, April 13, 2016

UVXY - Geometry - Levels to Watch

UVXY is breaking below support.  Therefore, short term downside is likely in the month of April.  Notice that the downtrend for UVXY is quite shallow though.

The lower turquoise support will probably be tested.  Charts and Cycles suggest UVXY is setting up to form a low over the next 2 weeks and rise sharply in May.

60min Chart

Thursday, April 7, 2016

$SPX - 2016 Cycle Model with Targets!

SPX has stalled due to the white resistance, and is simply going nowhere.  Price action is relatively quiet though, and in the short term it is unlikely to see much movement. 

Market conditions are steadily, but slowly deteriorating, and a pullback is coming according to the model. 

However, the reality is that the bears, as always, will need to have patience for the larger moves to develop.

Daily Chart

2016 Crash Model:

Saturday, April 2, 2016

XIV/UVXY - Update - April Targets

XIV has reached double geometric resistance.  Movement in XIV has been defined exactly by the turquoise fork. 

Therefore, a drop is to be expected in April.

Daily Chart

UVXY has been resisted by the blue midfork.  A wedge has formed, and an April spike up is anticipated with an April target of around $30 to $32. 

Daily Chart