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Friday, April 7, 2017

UVXY - Mathematically Perfect

UVXY rose to a target defined mathematically.  Price was attracted by magnet to the target area in perfect price and time.

Support for UVXY is currently in the $14's.  Whipsaws down and up are expected to intensify as the month of April progresses.

30min Chart

25 comments:

  1. I thought this was an interesting chart. It's clear why I decided to take profit at $17.45.

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  2. Notice also that the forks are aligned in different directions. In this situation turbulence is to be expected!

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  3. looks like we could tag 18 in uvxy which would bring xiv to your 68 target we will see

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  4. Close this week at or around 2395.

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  5. we taged 68.32 is any body long xiv

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  6. sc what is the target you will own xiv your thoughts

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  7. Replies
    1. XIV $72 this week. Then $68 again due April 19th, and up to $73 for XIV.

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  8. Expecting a short squeeze for the market this week followed by weakness again next week.

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  9. Both UVXY $18 and XIV $68 targets have been reached today.

    The only target not yet hit is SPX 2,340. So we may have to wait a day or two for that to happen before the turn up occurs.

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    Replies
    1. Still see SPX 2400 this week?

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    2. Check out the new chart posted for SPX. I do anticipate a spike up for SPX to 2,400.

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  10. SC
    so you sold at 17.54 to buy at 18
    im confused ...

    when do you see UVXY back down to 15

    thanks

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    Replies
    1. Where does he say he bought at 18?

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    2. I didn't buy UVXY at $18. My target was $18 and was reached today. It seems it may overshoot that and probably see $19 to $20 tested.

      Then UVXY is likely to come down again for two weeks.

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  11. Sorry SC
    I read your msg incorrectly
    yes it may shoot over $20 the way the markets are
    thanks again

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