VIX is bound within the rectangle in the short term. Once the pattern matures the moves will become extremely violent.
Daily
Thursday, October 24, 2019
VIX - Rectangle
The VIX has formed a rectangular pattern, and is approaching the main trendline and rectangle support.
VIX is bound within the rectangle in the short term. Once the pattern matures the moves will become extremely violent.
Daily
VIX is bound within the rectangle in the short term. Once the pattern matures the moves will become extremely violent.
Daily
Saturday, October 5, 2019
SPX - In VIX We Trust
SPX has a clear Double Top which completed this September.
The top is in. Last week the trendline was broken to the downside. SPX will soon resume the downtrend which is already in place.
Daily
VIX has been trending higher for years. Starting in August the VIX trend began to accelerate to the upside.
Weekly
VIX continues to trend higher to break the 1987 trendline which has already been previously tested.
Yearly
SVXY has been leading lower for more than 1 year to date. The recent failure of SVXY to test the July peak was the "tell" that SPX had, in fact, topped.
Daily
The top is in. Last week the trendline was broken to the downside. SPX will soon resume the downtrend which is already in place.
Daily
VIX has been trending higher for years. Starting in August the VIX trend began to accelerate to the upside.
Weekly
VIX continues to trend higher to break the 1987 trendline which has already been previously tested.
Yearly
SVXY has been leading lower for more than 1 year to date. The recent failure of SVXY to test the July peak was the "tell" that SPX had, in fact, topped.
Daily
Tuesday, September 24, 2019
UVXY - V Bottom
There is strong probability that UVXY has formed a V bottom.
Expect UVXY to rise the same way it came down. UVXY can be up every day next as it rises towards to the red line as shown.
15min Chart
30min Chart
Expect UVXY to rise the same way it came down. UVXY can be up every day next as it rises towards to the red line as shown.
15min Chart
30min Chart
Sunday, September 15, 2019
SPX - Weekly Losses
SPX advanced with three weekly bars, but last week it gave a bearish signal when we look at the last bar. The bar was the weakest, and closed Friday down with an inside day.
This week, SPX will probably drop to erase last week's gains, and test gap support as shown.
60min Chart
This week, SPX will probably drop to erase last week's gains, and test gap support as shown.
60min Chart
Monday, September 9, 2019
SVXY - Leg Down Soon
SVXY declined off resistance after failing on a test of the September 2018 high.
It is clear that SVXY is leading lower. SVXY is making a bounce, but likely close to an inflection point once again. Resistance is just above with a confluence of support showing at $46.
Volatility to spike soon.
Daily
Before: July 3rd Analysis
Daily
It is clear that SVXY is leading lower. SVXY is making a bounce, but likely close to an inflection point once again. Resistance is just above with a confluence of support showing at $46.
Volatility to spike soon.
Daily
Before: July 3rd Analysis
Daily
Thursday, August 22, 2019
UVXY - Interesting Timing
As volatility marches higher with VIX moving to 60, the runs in UVXY will expand in size going forward.
UVXY looks ready for a run...
Daily Chart
UVXY looks ready for a run...
Daily Chart
Tuesday, August 6, 2019
$SPX - 2019 Model Update
SPX has continued to follow the 2019 Model with deep pullbacks and higher highs and higher lows.
This pullback in SPX should complete in August and is likely to be followed by a higher high in September according to the Model.
The price action is typical following a consolidation year.
Daily Chart
SPX 2019 Model:
This pullback in SPX should complete in August and is likely to be followed by a higher high in September according to the Model.
The price action is typical following a consolidation year.
Daily Chart
SPX 2019 Model:
Subscribe to:
Posts (Atom)