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Wednesday, July 20, 2016

XIV - Approaching Critical Time and Price

XIV is approaching the large June gap.  Time and price is near an interesting turning point in the week ahead.

July 28th is a date for a high.  August 10th is a date for a significant low.

60min Chart
















29 comments:

  1. What's the level for the first white point, around $31?

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    1. Yes, XIV is testing the pink resistance $31. Expect a dip to $30, and up to $32 next week. Then $27.

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    2. sc you still holding uvxy it is splitting on the 25th of july

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    3. Planning to load up next week.

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    4. are you loading up after split or before

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    5. After, around July 28th.

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  2. VIX has tested long term trendline support going back to 2014!

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  3. Another all time high SPX:VIX ratio

    185! CRAZY!!!


    http://stockcharts.com/h-sc/ui?s=$SPX:$VIX&p=M&st=1989-03-16&en=%28today%29&id=p56596247166&a=296187083&r=1363776061098&cmd=print

    i am adding to uvxy every single week. More they pump this the harder/faster the drops gonna be

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  4. You will notice last time we made new ATH on the spx:vix ratio was last summer 173....then August crash with Vix 50+

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  5. Not going below June highs. Absolutely not.

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  6. 2200 then 2134 then much higher until September most likely.

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  7. i was thinking 2150 then 2250 by aug first week if we get to 2134
    i will buy aggressively

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  8. Nice call on XIV $31 to $30, $32 next or needs to go lower now since turn date low is tomorrow? Thanks!

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    Replies
    1. With the turn date tomorrow should be close to a low.

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  9. brexit fall looks like Aug 2 2012, these patterns happened many time from 2011 low. It's a pattern repeating over and over again with some changes, many time a have problems figuring out where spx is...

    Any comment?

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  10. The pattern has ups and downs cycles, so I cant say that it's impossible to have big downs for short intervals of time, which will be bought.

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  11. SC, you see this turn day as a day early or turn day may be a High not Low?

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  12. Hi SC, do you still think $32 would hit for XIV by July 28th? Its having a hard time over $31. thx

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  13. Hi SC, did we see the highs in Precious Metals already ? thx.

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    Replies
    1. Possibly, but let's see how the metals behave early August. The clock is ticking for sure...

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  14. watch out 2178 /S&P for TOP ...

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  15. XIV target has been reached with both accurate timing and price!

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