XLE - Consolidation Period Over

XLE has been consolidating sideways for more than a year and looks to be working on breaking up through resistance. Middle East conflicts may be giving energy prices some lift in short term. Daily

$VIX - Update

VIX went up to test the upper trendline as expected. Support seems to have formed at the horizontal orange level. Weekly

UVXY - Weekly Chart

The weekly chart of UVXY is still quite negative with the 50 average pointing down. So although UVXY is coming off oversold levels on the weekly, it is still likely heading lower. Weekly

SVXY - Trending Higher

SVXY is in a clear uptrend and trending higher. With SVXY trading near it's trendline, volatility is likely to remain low for now. What this means is that the first leg down in the SPX selloff is nearly complete. Daily

$SPX - Further Pullback

SPX has been soft and looks to have room to pullback some more in the short term. Volatility is relatively low but there are some negatives coming this Fall season. Traders are back at their desks now and may trim some holdings. Weekly

LABU - Biotech Running

LABU has been rising and a breakout is likely. The daily made a small dip, and golden cross is imminent. In February it tried; now it is ready to run. The weekly is also at an important level as shown in the charts. Daily and Weekly

VIX - Trending up for 5 Years!

VIX is king in this market. Volatility, as seen on the chart, has been trending up for 5 years!!! The biggest moves are yet to come. For now though VIX is testing the long term trendline. It may underthrow the trendline slightly before the next pop. Weekly