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Wednesday, April 12, 2017

XIV - Before/After - Next Targets

XIV has fallen out of the white channel, and is now trading in the orange channel with a more reasonable slope.  XIV is nearing the orange channel support. 

There should be a bounce and lower low. 

Daily Chart
















Before:

 March 18, 2017 analysis:

XIV has reached it's short term target, and a pullback is due.  XIV has been trading in the white channel, but the slope is too steep, and appears unsustainable.

A pullback to the orange channel with a more gradual slope is likely to occur next.

 Daily Chart
















Posted by at

23 comments:

  1. SCApril 12, 2017 at 5:43 PM

    Most likely we'll see XIV bounce next.

    ReplyDelete
  2. rose2797April 12, 2017 at 6:06 PM

    Sc. So xiv wont go from 58 to 90 as u had in earlier chart

    ReplyDelete
    Replies
    1. SCApril 12, 2017 at 6:12 PM

      Yes, I do still see that happening. That's the big picture. It's best to take things one step at a time.

      Delete
  3. SCApril 13, 2017 at 5:34 AM

    Bottom line is that XIV is nearing the orange support which is around $61. It's likely to bounce off the orange support. I'll be looking to exit on the bounce.

    ReplyDelete
  4. louis lombardiApril 13, 2017 at 6:21 AM

    a bounce to what price 68

    ReplyDelete
  5. louis lombardiApril 13, 2017 at 10:53 AM

    looks the symmetry is horrible still expecting a pump up though
    monday

    ReplyDelete
    Replies
    1. AnonymousApril 13, 2017 at 10:08 PM

      I agree Louis. I am sure they will ramp up the futures Sunday night. I sold two batches of shorts today. I still have one batch short. I will re short Monday to for my possible cycle day low April 20th.

      Delete
  6. louis lombardiApril 13, 2017 at 12:58 PM




    I know that $SPY will bounce off 232 next week What I don't yet know is whether the bounce will be a reversal or just relief rally ahead of more downside. trump is dropping bombs making people nervous we will see good luck all

    ReplyDelete
  7. louis lombardiApril 13, 2017 at 2:25 PM

    todays low didnt quite reach the support level on qqq of 129.40
    in my opinion the qqq will have a mean reversiion 132.10

    ReplyDelete
  8. rose2797April 14, 2017 at 4:32 AM

    Sc u expexted up week last week. Was there an inversion. Do you still expect. Highh of some kind by may 3. And down. People are saying low into next week and then ip

    ReplyDelete
    Replies
    1. SCApril 15, 2017 at 12:23 PM

      No there was no inversion. The turn date is coming due this week. The spike to SPX 2,400 is directly ahead.

      Delete
  9. AnonymousApril 14, 2017 at 9:09 AM

    Could you please let me know if the time stamp, is est time ? Thanks

    ReplyDelete
  10. SCApril 15, 2017 at 12:29 PM

    All that is happening is that SPX is retesting the March 27th low. Very positive.

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    Replies
    1. AnonymousApril 15, 2017 at 2:05 PM

      Fully agree, waiting for RIP your face Rally after the French Vote into late June. I am hanging out here to educate my self on xiv, uvxy.

      Delete
    2. SCApril 16, 2017 at 8:09 AM

      We are seeing unprecedented moves in volatility this year. Very exciting time indeed!

      Delete
  11. rose2797April 15, 2017 at 3:12 PM

    But i still think sc expecting. Uvxy 25 to 30 in may

    ReplyDelete
  12. SCApril 16, 2017 at 8:37 AM

    Disregard this chart. I have posted an important update for XIV that I anticipate is simpler and more accurate.

    ReplyDelete
  13. SCApril 16, 2017 at 8:38 AM

    New chart posted!

    ReplyDelete

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