Monday, November 20, 2017

XIV - Parabolic Move Ending at Resistance!

The parabolic move for XIV is almost over.  Price is reaching into overthrow territory.  It may become grossly overbought by reaching the orange trendline before turning down.

The "Trump trade" is coming to it's end.  The parabola, of course, will end very badly. 

Daily Chart

Wednesday, November 15, 2017

UVXY - Short Term Support and Resistance

UVXY gapped up above the blue resistance, and is currently trading within the fairly aggressive turquoise fork.  Price should transition into the orange fork with a more gradual and realistic pathway going forward.

It is unlikely that UVXY has bottomed, but a stronger bid is to be expected short term.    

30min Chart

Monday, November 6, 2017

UVXY - Building Strong Base

Momentum for XIV is dissipating by the week, and while XIV struggles, UVXY is forming a strong base. 

A selloff for SPX into January 2018 is anticipated. 

60min Chart