XIV - Before/After - Model Continues

XIV formed the high in November at the price and time as anticipated according to the model. 

Since November XIV has declined in a matter consistent with the model, and is approaching the price and time identified for a major low according to the model.  The measured target has very nearly been reached and major turquoise support is just below.

This bottom is anticipated to be a major bottom with the model showing strong upside ahead.    

The SPX Cycle bottoms January 13th, 2016 which is also consistent with this analysis. 

2hour Chart

Before:

October 8, 2015 analysis:

"Overall XIV should rise to test the September high. A November high for XIV is anticipated." 

1997 Hong Kong Hang Seng Crash:

$SPX - Major Support

SPX failed on December 30th, the date specified by the SPX Cycle analysis. 

However, SPX is trading just above the major support level identified.  The next low is due January 13th.

2hour

 

XIV - Short Term Outlook

XIV cooled off from the double orange and blue resistance, and currently is building support.  XIV is likely to rise into month-end.

Notice the cluster of lines up above at the month-end green target area.  

60min Chart

$SPX - Major Support Level Identified

The strength of the SPX rally from October has been extremely impressive.  SPX has not yet even reached the 50% retracement level on this dip. 

SPX was trading around the minor support on Friday, and should see a bounce.  Major orange support rests below, and could be tested prior to the next bull market run to new all-time highs.

2hour Chart

XIV closed below the pink support on Friday.  The pink line may act as resistance for the short term.  The major turquoise support rests below.  

2hour Chart

 

XIV - Support and Resistance Levels

XIV failed exactly at the double fork resistance and plunged to test support. 

Orange support was tested yesterday and has resulted in a bounce.  However, now XIV is approaching the pink resistance.   

Price could undercut the orange support somewhat, and the pink support is also located underneath.  A melt-up is likely to result later in the month.

60min Chart

$SPX - Christmas Rally Targets

SPX has little room for downside with fork support just below current levels.  A Christmas rally is likely to materialize with a high due end of December.

January Cycles looks weak.

60min Chart

XIV - December Targets

XIV is poised to head higher in December.  XIV is likely to grind up through December with a high projected due December 30th.

December looks mildly positive for the markets.  January looks weaker. 

60min Chart