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September 8, 2017

VIX

 

VIX had an inside week, but closed above Long-term support at 11.37. It is on a weekly buy signal with further confirmation above weekly mid-Cycle resistance at 14.93and the Ending Diagonal trendline near 15.00. Could the initial foray in August have broken the trendline already?

(BusinessInsider) The New York Times’ DealBook had a great piece of journalism … Continue reading

VIX

VIX retraced 86% of its rally, closing beneath its Intermediate-term support at 10.93. It is temporarily off its weekly buy signal. Confirmation comes above that level and the subsequent move may be very fast.. Ending Diagonal patterns are known to completely retrace themselves, once broken. Could the initial foray have broken the trendline already?

(Forbes) Volatility, volatility, volatility. Market participants who are looking… Continue reading

VIXVIX crossed above all the Model resistance levels to challenge the Ending Diagonal trendline, closing above weekly mid-cycle support at 14.95. It is clearly on a weekly buy signal. My warning last week, “Once confirmed, the upside move may be very fast.” was accurate. Ending Diagonal patterns are known to completely retrace themselves, once broken.

(Bloomberg) Through most historical lenses, the tempest in… Continue reading

VIXVIX had an inside week, closing beneath weekly short-term support/resistance at 10.24. It has not made a weekly buy signal. The Cycles Model suggests a reversal may have arrived, however. Once confirmed, the upside move may be very fast.

(EFT.com) ETF.com: We’ve heard a lot about how low the CBOE Volatility Index (VIX) and volatility are, but could you put that in perspective?… Continue reading

VIXVIX declined to the lower Ending Diagonal trendline and an all-time low on Wednesday before reversing to challenge Intermediate-term resistance at 11.16 on Friday. It closed above weekly Short-term support/resistance at 10.22, alerting us to a probable aggressive buy signal The Cycles Model suggests a reversal may have arrived. Once confirmed, the upside move may be very fast.

(ZeroHedge) The plunge in US… Continue reading

VIXVIX declined beneath the June 9 low at 9.37. In doing so, it may have fulfilled the requirements for its Ending Diagonal formation. The Cycles Model suggests a reversal is imminent. Once complete, the upside move may be very fast.

(ZeroHedge) How Bad a Damage If Volatility Rises: The Bear Trap of Short Vol ETFs

As if there was any need for any… Continue reading

VIXVIX had an inside week, after challenging mid-Cycle resistance a third time in three months. It closed above Short-term support at 10.60 and is on an aggressive buy signal. Once above the upper trendline of the Ending Diagonal formation, it has the distinct probability of reaching the August 2015 high at 53.29. In other words, a complete retracement is possible.

(CNBC) It shouldn’t… Continue reading

VIXVIX challenged its mid-Cycle resistance at 15.08 before closing beneath Intermediate-term resistance at 11.61. A rally that closes above Long-term resistance at 12.58 implies that VIX may challenge its Ending Diagonal trendline at 17.50 in the following move.

(ZeroHedge) There’s been a growing chorus lately suggesting that perhaps the record low VIX readings aren’t due to record low feelings about volatility, but instead… Continue reading

VIXVIX continues to challenge both Short-term and Intermediate-term resistance before closing beneath them. A rally above Long-term resistance at 12.60 implies that VIX may challenge its Ending Diagonal trendline at 17.50 in the following move.

(FT) Despite calls from investment banks that market tumult is on the horizon, Wall Street traders seemed to be taking it easy this Friday. A measure… Continue reading

VIXVIX challenged both Short-term and Intermediate-term resistance before closing beneath them. A rally above Long-term resistance at 12.68 implies that VIX may challenge its Ending Diagonal at 17.50 in the next move.

(Investopedia) Investors on Wall Street have proven to be ingenious in finding new vehicles and avenues to take risks in the quest of making a profit.

One glaring example is… Continue reading