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
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
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
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For SPX it should fail around 2080.
ReplyDeleteXIV has reached the turquoise line as suspected, and so looking to enter UVXY.
ReplyDeleteSCMarch 24, 2016 at 6:42 AM
"XIV may attempt to hit the turquoise line before a more significant decline. UVXY is around the blue line, but not so sure it's strong enough to break out. Decided to step aside, but will plan to reenter UVXY if XIV reaches the turquoise line."
SC, what's your 1st downside target on SPX?
ReplyDeletehttp://goldtadise.com/wp-content/uploads/2016/04/uvxy.png
ReplyDeleteI've mentioned before, spy 110.55 and Iwm 113.32 will be achieved.
ReplyDelete2093 is top of spx
ReplyDeleteAnyone think UVXY may have a stock split , yikes ... keeps getting lower n lower n diluted....
ReplyDeletejust my thoughts .... and UVXY was $60 in February,,, oh bouy..
What price are you looking for in UVXY? Have you narrowed it down from 16-18?
ReplyDeleteSC, what the entry point that you are thinking for UVXY, if you have narrowed it down, since XIV has reached the turquoise line..
ReplyDeleteUVXY breakout above the blue line, but not out of the wedge yet. UVXY likely bottomed, but because it's not out of the wedge, probably it'll settle back into the $19's.
ReplyDelete$SPX target around 1950 third week in April.
ReplyDeleteSC, do you think $SPX goes straight down for the next couple of weeks or there should be a bounce back to test 2075-80 level before a turn? thx
ReplyDeleteStraight down, small bounce around 2015, maybe 25 points.
DeleteSC,
ReplyDeleteyes seems like UVXY had bottomed at $ 17.97 yesterday ,kindly advise when you think is a good time to take a position in UVXY.
Thanks for all your time and analysis.
SC what is your time line for the S&P in its 1700s?
ReplyDeleteApril weakness, some recovery in May, and down into November.
ReplyDeleteUVXY $120 by November?
DeleteXIV $8 to $10 looks possible...
Deletei shake my head every time when someone predicts a forecast as far as November, why not focus on today, this week, this month, let alone May...November c'mon on! If we do drop in November, we'll get a i told u so, if not, life moves on, but those who may follow u on every word, DANGER!
ReplyDeletespx heading to 2090 if thats gonna happen this looks like march 1 forming
ReplyDeleteEveryone waiting for UVXY entry...now is your chance...
ReplyDeleteGap fill in 19's
Important chart coming for SPX!
ReplyDeleteNew chart posted!
ReplyDelete