Bitcoin - Capitulation Soon

Bitcoin is flirting with a breakdown below support.  The decline that began in December is nearly complete.

Capitulation is likely to occur soon with a lower low than February.

Daily Bitcoin

SVXY - Short Term Targets

SVXY is declining towards short term support.  A trading range has established in the $11 to $13 range, and that is expected to continue into May.

Overhead horizontal resistance has been identified.

30min Chart

SPX - Calm Seas and Smooth Sailing Ahead

SPX has likely completed the volatile first leg down, and calmer markets are ahead in March and April.   

The SPX model shows a slow and steady grind up next.  Dips should be relatively minor as the model predicts a relentless grind higher.  The next several weeks look relatively flat as SPX builds a solid base.

60min Chart

SPX 2018 Model:

SVXY - Initiating Coverage

As expected the parabolic rise in XIV identified early in 2017 collapsed with a bottomless decline.  The fund will be delisted on February 20, 2018.  The END.

Similarly, SVXY has fallen from grace.  SVXY has backtested fork support exactly.  Longterm trendline resistance is located at approximately $19.  

Weekly Chart

$SPX - Rollercoaster Ride to Continue - Massive Rally Approaching

SPX plunged off major resistance this week.  However, the channel is intact, and still mildly bullish.  A new slightly higher high is likely to materialize according to the model.  

The model shows that the topping process will be characterized by whipsaws and chop.   

Daily Chart

UVXY - Measured Move Achieved - Volatility to Continue!

The measured move targeted in January 9th analysis has been achieved.  Price touched the orange fork resistance exactly and was rejected.

The markets have entered the whipsaw phase. 

UVXY should decline next week into Friday, and spike again to test the orange resistance later this month.  Volatility to continue, and increase in the following months.

2day Chart

Before:

January 9th, 2018 analysis:

"Not much room for downside on this chart for UVXY.  Price slowly grinding along support with time.  Spike up likely within a few weeks."

2day Chart

XIV - Decline has Commenced - Update

XIV plunged and came close to the initial downside target, and has bounced back to the orange trendline. 

Notice that XIV bounced at the blue trendline from August.  XIV is extremely weak and the blue trendline will not hold.   

The orange line may provide resistance or XIV may be able to overshoot it.  In any case the largest plunge is yet to come... 

2day Chart

Before:

This model shows similarity to XIV.  Notice the sudden drop with no warning, and continuation lower: