Friday, March 27, 2020

$SPX - Large Scale

SPX tried and failed to breakout above resistance.  Price hit major support exactly and bounced this week.

Down pressure remains this year.


Friday, March 20, 2020

TVIX - Meltdown Underway

TVIX made a parabolic rise, and started to meltdown yesterday.

The 50 weekly moving average is at $146, and should provide support next week.  TVIX should hold over that in the $250 level. 

60min Chart

SVXY finally broke out of a relentless downtrend.

60min Chart

Tuesday, March 17, 2020

$SPX - March and April Timing and Targets

This week and next week could see positive performance in SPX with a relief rally.

The blue mid-resistance is the initial target.  After that level is reached SPX may slide down into May.

2 hour Chart

Monday, March 16, 2020

$VIX - Peak Panic

VIX may be running out of room to advance in this panic.

This is a volatility event.  VIX is testing near the 2008 high.

SPX is holding quite well compared to 2008.  While fast, this drop for SPX is mild in terms of percentage in a bear market relative to 2008.

The monthly chart shows long term levels of VIX support and resistance.

Monthly Chart

Sunday, March 15, 2020

$SPX - Establishing The Range

SPX is swinging up and down likely the beginning of a consolidation move.

There is some resistance overhead.  However, SPX is low enough that the buying pressure keeps it balanced.


Saturday, March 14, 2020

Silver/Gold - Failure at Resistance

Silver fell precipitously last week off resistance.

There is some support at $14 for Silver, but as hard as Silver is falling support won't last long.  The next level of support is $10 Silver.

Silver is declining to long term target of $6.50.


Gold is faring better than Silver, but a correction in Gold is underway.  Gold is near the 200 Weekly Moving Average so a bounce may occur soon, but support is weak.

Stronger support is located at $1,375 for Gold.


Friday, March 13, 2020

SVXY - Fed Meeting In Focus!

SVXY is testing major support.

Fed meeting next week.  There is no circuit breaker to the upside!


Monday, March 9, 2020

Bitcoin - Triangle Formation

Bitcoin has formed a triangle.  Trading near support again, Bitcoin may make another run to 10,000 soon.


Friday, March 6, 2020

$VXO - Testing 1987 Trendline!!!

VXO is testing the previous high.   The 1987 Trendline is still higher!!!


Sunday, March 1, 2020

TVIX - More Upside Ahead!

TVIX will cool tomorrow, but continue to rise higher into the following week.

TVIX is cheap relative to VIX.  This is because the futures curve is in extreme backwardation.  VIX is high and the VIX futures will continue to rise to reach equilibrium.

Fade this one day bounce for markets!  


SPX will rise tomorrow and fall for 5 or 6 days afterwards.  Fade this bounce!  You will see a better entry the following week.


VXO is pushing towards the 1987 trendline.  Higher yet!