Archives

December 8, 2017

VIX

 

After challenging its mid-Cycle resistance at 14.39 last week, VIX declined to an 85% retracement. A breakout above the Ending Diagonal trendline suggests a complete retracement of the decline from January 2016, and possibly to August 2015. The December target may be the Cycle Top at 23.46.

(WSJ) A summary of markets this year requires only two words: Low… Continue reading

December 1, 2017

VIX

 

VIX challenged its mid-Cycle resistance at 14.54 this week, breaking out above its November 15 high at 14.51. It has since made a 62% retracement. A further breakout above the Ending Diagonal trendlne suggests a complete retracement of the decline from January 2016, and possibly to August 2015.

(Bloomberg) The “VIX Elephant” has awakened. And “50 Cent” is back.… Continue reading

November 24, 2017

VIX

VIX was slammed in the final hour of the day on Friday to a new all-time low. This leaves the VIX with a Megaphone (reversal) formation. The lager formation that gives an upside target is the Ending Diagonal which suggests a complete retracement of the decline from January 2016.

(Bloomberg) The Cboe Volatility Index touched an all-time low amid a… Continue reading

November 17, 2017

VIX

VIX rallied from its mid – Cycle resistance at 14.59 before closing above Long-term support at 11.11. VIX is on a buy signal. The inverted Head & Shoulders formation now has a completed right shoulder giving a potential target for the next move higher when the neckline is exceeded.

(Barrons) The CBOE Volatility Index spiked to 14.5 early Wednesday morning… Continue reading

November 10, 2017

VIX

VIX rose from its Master Cycle low to close above Long-term support/resistance at 11.11. VIX is now on a buy signal. The inverted Head & Shoulders formation now has a completed right shoulder giving a potential target for the next move higher.

(Bloomberg) Volatility roared back into the U.S. equity market as fresh concern about the prospects for tax reform… Continue reading

October 27, 2017

VIX

VIX declined beneath all but the July 26 low. However, it was a record weekly closing low. The inverted Head & Shoulders formation still survives due to the probability that today’s low may have been a late Master Cycle low.

(TheFelderReport) RealVision recently put together a compilation of several market pros’ views (including yours truly’s) regarding the very serious and… Continue reading

October 27, 2017

VIX

 

VIX broke out against the prior week’s high, but ended the week below all critical support/resistance areas. A buy signal awaits it above Intermediate-term resistance at 10.70, with further confirmation above weekly mid-Cycle resistance at 14.64. It has an inverted Head & Shoulders formation that, when triggered, offers us a potential target for the next rally.

(RealInvestmentAdvice) I … Continue reading

October 20, 2017

VIX

 

VIX created a bullish engulfing pattern in which the highs and lows exceeded the prior week with a weekly close above last week’s closing high. A buy signal awaits it above Intermediate-term resistance at 10.79, with further confirmation above weekly mid-Cycle resistance at 14.69. It has an inverted Head & Shoulders formation that, when triggered, offers us a potential target for… Continue reading

October 13, 2017

VIX

 

VIX ran up to test weekly Intermediate-term resistance at 10.79, but closed beneath it. A buy signal awaits it above that level, with further confirmation above weekly mid-Cycle resistance at 14.75. It has an inverted Head & Shoulders formation that, when triggered, offers us a potential target for the next rally.

(TheStreet) Although it is early in the month… Continue reading

October 6, 2017

VIX

VIX extended its corrective decline with a weekly low at 9.11, making eight consecutive daily closes beneath 10.00. It is beneath all technical supports and must rise above its Intermediate-term resistance at 10.83 for a buy signal, with further confirmation above weekly mid-Cycle resistance at 14.79. It has an inverted Head & Shoulders formation thar, when triggered, gives us a potential target… Continue reading