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Sunday, September 17, 2017

XIV - Before/After - Once Again Approaching Resistance

XIV is approaching resistance with long term resistance represented by the white line.  Blue resistance is also above. 

A moderate decline is ahead.  Mid-October into November may be the weakest period.

Daily Chart
















Before:

August 11, 2017:

"XIV has reached the targets set out in July analysis.  A low should be near with a large bounce ahead into September.

The orange channel is clearly broken, but overall the XIV chart is still quite strong."

Daily Chart















Posted by at

23 comments:

  1. SCSeptember 17, 2017 at 4:11 PM

    I've reviewed charts and although we are approaching resistance only a mild decline is most likely ahead.

    ReplyDelete
  2. rose2797September 17, 2017 at 4:18 PM

    SC so where it goes to year end. 2550 or so

    ReplyDelete
  3. louis lombardiSeptember 17, 2017 at 4:33 PM

    When you say small decline what are your thoughts 2428 2440 ?

    ReplyDelete
  4. rose2797September 17, 2017 at 4:50 PM

    Whats is happening to gold.

    ReplyDelete
  5. DWLSeptember 17, 2017 at 5:25 PM

    What would the XIV projection translate to SPX in your analysis?

    ReplyDelete
    Replies
    1. SCSeptember 17, 2017 at 6:39 PM

      I'll stay with a 2,440 SPX target though SPX might even see a lower low. I anticipate while XIV made a deeper drop relative to SPX in August, SPX now looks worse relative to XIV.

      Delete
  6. louis lombardiSeptember 18, 2017 at 5:56 AM

    sc now that spx hit 2500 and change when do you plan on selling or what price you looking for ur thoughts and thanx again

    ReplyDelete
  7. SCSeptember 18, 2017 at 11:05 AM

    Sold XIV at $93.20.

    ReplyDelete
  8. SCSeptember 18, 2017 at 11:09 AM

    SPX and XIV targets achieved!

    ReplyDelete
  9. louis lombardiSeptember 18, 2017 at 11:20 AM

    When do you plan to buy uvxy your thoughts

    ReplyDelete
    Replies
    1. SCSeptember 18, 2017 at 11:37 AM

      SPX is an easy short. UVXY is getting interesting, but let's see some more price action.

      Delete
  10. louis lombardiSeptember 18, 2017 at 12:01 PM

    Congratulations on your profit on XIV
    And to all that owned XIV God bless you all

    ReplyDelete
  11. louis lombardiSeptember 18, 2017 at 12:11 PM

    I'm just wondering how low uvxy could go anybody have any idea or what would be a good entry point your thoughts

    ReplyDelete
    Replies
    1. frankSeptember 18, 2017 at 6:35 PM

      It can (will)go to zero, or close enough to zero for our purposes.

      Delete
    2. louis lombardiSeptember 19, 2017 at 3:41 AM

      Frank we don't hold uvxy or xiv we
      Trade it

      Delete
    3. frankSeptember 20, 2017 at 5:38 PM

      I understand Louis.

      I must congratulate you on finding a long term profitable way to trade uvxy.

      Every xiv system I have designed has been adversely effected by adding uvxy to it.

      I'm sure that will change in a bear market but in this market I find xiv/cash works better for me than xiv/uvxy/cash.

      Delete
  12. SCSeptember 19, 2017 at 11:43 AM

    SPX up today and VIX is also up. This rally is going to collapse just as fast as it went up.

    ReplyDelete
  13. louis lombardiSeptember 19, 2017 at 11:50 AM

    At what price would you be interested in uvxy I was going to buy it yesterday at 22.25

    ReplyDelete
  14. SCSeptember 20, 2017 at 10:40 AM

    Silver Chart posted!

    ReplyDelete
  15. UnknownSeptember 25, 2017 at 7:31 AM

    i think xiv just passed its moment of weakness and it wasnt weak at all thanks to the central banks and their money pumps. Be careful, I dont think we see a significant or long standing decline in xiv now till december

    ReplyDelete

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