Friday, May 24, 2019

UVXY - Triangle Symmetry

UVXY has been cooling off, and may be getting ready to spike soon.  Price should settle back some more though as the timing matures.  Maybe a week to go which coincides with month-end.

Month-end low with potential spike up thereafter.


Wednesday, May 22, 2019

Bitcoin - Resistance Reached

Bitcoin melted up through the midpoint, and has reached the upper resistance.  It will probably settle back next.

An overthrow of resistance is quite possible as shown, but the resistance is strong enough that the price is likely to decline for the next three months.


Tuesday, May 21, 2019

SPX - 2019 Model - Targets and Timing

SPX continues to see failed rally attempts as it struggles to try and recover losses.  The price action appears strikingly similar to 2013, and that period provides a good model for this decline.

It is probable that this selloff is in the early stages, and the model shows the heaviest selling ahead.

3day chart

SPX 2013 selloff:

The longer term view also looks comparable, and the model predicted the drop in 2018 also as shown on the charts below.

3day Chart

SPX 2013 Comparison:

Friday, May 17, 2019

SVXY - Large Head and Shoulders Formation

SVXY continues to be extremely weak.  The rally failed at the timing predicted with the white lines.

A large head and shoulders pattern has formed.  After completing the head, SVXY bounced at the double support with neckline and middle support as shown.

The Right shoulder is underway...


Before: April 12, 2019 analysis