VIX remained above its August 9 Master Cycle low this week. VIX may be primed for a breakout. The declining Short-term resistance at 14.40 and the recent high at 14.24 may intersect with VIX next week. The next important milestone is mid-Cycle resistance at 15.78 where a buy signal is made.
VIX extended its Master Cycle low by three weeks on Tuesday. Cycle extensions are rare, but may often increase the intensity on the swing back. The VIX closed higher than last week. This may be the end of a year-long retracement from the August 2015 highs. .
VIX rallied early in the week before making a new low by the close. The Cycles Model suggests that the low is more than three weeks overdue. If so, payback may be coming in a very big way to those who have become complacent.
VIX rallied early in the week, but pulled back to the trendline by the close. This appears to be a valid reversal pattern. If so, payback may be coming in a very big way to those who have become complacent.
VIX was sold in a throw-under beneath its Bullish Flag trendline, but recovered the trendline at the close of the week. This move may signal the end of the decline in VIX. If so, payback may be coming in a very big way to those who have become complacent.
VIX was clubbed on Thursday and again on Friday, even with potential systemic risk hanging over the markets. After all, the market still appears awesome, doesn’t it? As a result, it exceeded its “normal” decline of 30-50% back inside the Broadening formation by another 28%. However, payback is coming in a very big way. The entire Wave structure from… Continue reading
VIX topped on Monday and declined almost 42% through Friday, erasing the prior week’s gains. What may have been strength turned into weakness as central banks unleashed massive amounts of liquidity into the markets Apparently it was imperative to keep equities positive for the quarter end.
VIX rallied above its weekly Cycle Top in a show of strength that started on Friday. The Cycles Model suggests that the strength may last through next week, at a minimum. Broadening formations (tops and bottoms) are often known as reversal patterns.
VIX rallied above weekly Long-term support at 18.40 this week, closing above it. This confirms the VIX buy/Equities sell signal. Broadening formations (tops and bottoms) are often known as reversal patterns.
VIX rallied off the final low of a Broadening Bottom formation that is marked by successive higher highs and lower lows. Aggressive traders often use a close above the mean value of this index to begin placing bearish trades in equities.. A daily close above the prior high at 17.65 confirms the VIX buy/Equities sell signal. The Cycle low came on Tuesday.… Continue reading