– 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 →

– The VIX put in its Master Cycle low on October 28, a half cycle later than normally expected. It is on a weekly buy signal, having crossed above its 4-year cycle support at 27.20 (red line). The signal is not yet confirmed on the daily chart, as it is necessary to cross above intermediate-term Support/Resistance at 34.41. A buy signal emerging from a Master… Continue reading →

– The VIX has extended its decline to its cycle mean level at 24.61. This appears to be its true Master Cycle low, not October 17, as earlier surmised. As reported last week, a cross above 27.14 gives the VIX a Weekly buy signal (not shown), while a cross of intermediate-term Resistance at 34.71 confirms the buy signal in the VIX.

– The /SPX appears… Continue reading →