There is some resistance overhead. However, SPX is low enough that the buying pressure keeps it balanced.
Daily
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.
Daily
There is some resistance overhead. However, SPX is low enough that the buying pressure keeps it balanced.
Daily
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.
Weekly
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.
Weekly
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.
Weekly
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.
Weekly
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!
Daily
Fed meeting next week. There is no circuit breaker to the upside!
Daily
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.
Daily
Daily
Friday, March 6, 2020
$VXO - Testing 1987 Trendline!!!
VXO is testing the previous high. The 1987 Trendline is still higher!!!
Weekly
Weekly
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!
Daily
SPX will rise tomorrow and fall for 5 or 6 days afterwards. Fade this bounce! You will see a better entry the following week.
Daily
VXO is pushing towards the 1987 trendline. Higher yet!
Yearly
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!
Daily
SPX will rise tomorrow and fall for 5 or 6 days afterwards. Fade this bounce! You will see a better entry the following week.
Daily
VXO is pushing towards the 1987 trendline. Higher yet!
Yearly
Wednesday, February 26, 2020
$SPX - VIX and Volatility
SPX plummeted after breaking the turquoise fork.
The white support is effectively being tested, and SPX isn't out of the woods until this week is over. A huge gap is overhead, and SPX is going to attempt to push with a pop next week.
Daily
SPX is testing weekly support.
Weekly
SVXY made a crashy drop after busting the orange, but then hit a support yesterday at blue. In one week it's dropped almost all it's gain since October.
Daily
VIX melted up through the rectangle yesterday like butter. Resistance becomes support.
Daily
VXO testing weekly resistance.
Weekly
The white support is effectively being tested, and SPX isn't out of the woods until this week is over. A huge gap is overhead, and SPX is going to attempt to push with a pop next week.
Daily
SPX is testing weekly support.
Weekly
SVXY made a crashy drop after busting the orange, but then hit a support yesterday at blue. In one week it's dropped almost all it's gain since October.
Daily
VIX melted up through the rectangle yesterday like butter. Resistance becomes support.
Daily
VXO testing weekly resistance.
Weekly
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