– The VIX appears to require one final throw-under beneath the lower trendline of its Descending Wedge/Ending Diagonal formation. This may take less than a day to complete.  A rally above the 10-week moving average at 21.76, which also resides at the upper trendline of the Ending Diagonal formation, confirms the reversal in trend. In this cycle, all assets are “all in” making for… Continue reading →

– The VIX declined in a final throw-under beneath the lower trendline of its Descending Wedge/Ending Diagonal formation. The decline and its Master Cycle low extended two weeks beyond the “ideal” turn date. Further investigation shows that the VIX cycle turn date may have been delayed for the near-simultaneous turn of the US Dollar and Treasuries. In this cycle, all assets are “all in” making… Continue reading →

– The VIX has rallied to weekly mid-cycle resistance at 23.13, then declined in a final throw-under beneath the lower trendline of its Descending Wedge. The VIX will change to a buy signal once it breaks out above its mid-cycle support/resistance and Friday’s high at at 23.44. This week marked the Master Cycle low and possibly the lowest point for the VIX in 2012.

Although… Continue reading →

– The VIX has broken out above its Ending Diagonal inside a doubly indicated bullish Descending Wedge pattern on December 27. It has rallied to mid-cycle resistance, then pullback to find support on the lower trendline of its Descending Wedge. The VIX will change to a buy signal once it breaks out above its most recent high and climbs above mid-cycle support/resistance at 24.11. At… Continue reading →

– The VIX has broken out above its Ending Diagonal inside a doubly indicated bullish Descending Wedge pattern on December 27. It has completed a Master Cycle low, beginning a new bullish cycle pattern for the VIX. The breakout has hardly been noticed by traders or the general public. However, it is poised for its next move to be a breakout above the descending wedge… Continue reading →

– The VIX appears to be nearing completion of a doubly indicated bullish Descending Wedge pattern on December 27. It will then have completed a Master Cycle low, beginning a new bullish cycle pattern for the VIX. The master cycle low appears to have been delayed, but I wish to assure you that the low will occur within the turn window allowed for it. What… Continue reading →

– The VIX made a new low which completed a bullish Descending Wedge pattern on December 13. It also completed a Master Cycle low, beginning a new bullish cycle pattern for the VIX. In fact, the new target for the VIX may very well be a breakout above the August high by the end of the year.

SPX closes below its support zone…

– The… Continue reading →

– The VIX revisited mid-cycle support at 26.38 on a pullback from intermediate-term trend support/resistance at 30.55. However, longer-term the VIX closed below its weekly and monthly support (red line). It appears that the diamond formation that I had been pointing out the last two months has had a false breakout. The cycles, however, point to a higher year-end for the VIX. Despite closing below… Continue reading →

– The VIX deepened its retracement to test daily mid-cycle support at 26.11, then closed above monthly mid-cycle support at 27.30. Short-term, it has lost its daily buy signal as long as it stays below intermediate-term trend support/resistance at 31.25. However, longer-term the VIX remains above critical support and maintains its buy signal on a weekly and monthly basis. It appears that the diamond formation… Continue reading →

– The VIX pullback to intermediate-term trend support at 32.08. It is on a weekly buy signal, having crossed above its 4-year cycle support at 27.26 (red line). The buy signal is confirmed (http://www.zerohedge.com/news/david-rosenberg-new-normal-seeing-years-worth-volatility-bunched-6-%C2%BD-hours)on the daily chart, as it is necessary to remain at or above intermediate-term Support/Resistance. The current buy signal remains in effect for a probable three weeks or longer. That… Continue reading →