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VIX– VIX closed above its weekly mid-Cycle resistance at 14.22 after completing what appears to be an irregular Intermediate Wave (2). It is now due to rise above its previous highs to meet or exceed the February 3 top at 21.48. The Friday VIXnado has made another appearance…

SPX has broken its Diagonal trendline.

SPX closed beneath the two-year long Ending Diagonal trendline yesterday and… Continue reading

VIX– VIX challenged weekly mid-Cycle resistance at 14.23 this week before completing what appears to be an irregular Intermediate Wave (2). The largest move down occurred on the same day it made tis high…Wednesday after the FOMC announcement.

SPX breaks higher for quadruple witching.

SPX closed positive for quadruple witching this week just in time to pay off institutional options, futures and options on… Continue reading

VIX– VIX challenged weekly mid-cycle resistance at 14.27, but closed the week beneath weekly Long-term support at 13.53. This week’s breakout above last week’s high may be a signal to exit equities. VIX may have become “unrigged” on Friday.

 

 

SPX may have closed beneath its Ending Diagonal trendline.

SPX appears to have closed beneath the lower trendline of its Ending Diagonal… Continue reading

VIX– VIX challenged weekly Long-term resistance at 13.51, but closed the week beneath all supports. A breakout above last week’s high may be a signal to exit equities.

 

 

 

 

SPX forms a Broadening Top.

SPX appears to be in the final phase of a Broadening Top (Megaphone) formation. Despite making an all-time closing high, a Broadening Top . It is noteworthy to… Continue reading

VIX– VIX made a new weekly low, but did not retest the lower trendline of its Ending Diagonal as it put in an early trading cycle low on Monday. The ensuing rally may be surprisingly sharp and strong as it takes out overhead resistance..

SPX extends its top.

SPX made its final high on Tuesday, extending the Cyclical Bull Market by another week. Round number… Continue reading

VIX– VIX closed at its weekly low, possibly intended to retest the lower trendline of its Ending Diagonal before reversing higher. It is on track to make a Trading Cycle low on Wednesday. Once accomplished, the ensuing rally may be surprisingly sharp and strong.

SPX re-enters its Ending Diagonal.

SPX re-entered its Ending Diagonal and appears to be capable of challenging the upper trendline one… Continue reading

VIX– VIX broke above its Ending Diagonal trendline but pulled back within the formation. It closed above Intermediate-term support at 12.54. It may be capable of a breakout above prior highs in the next week or so.

 

 

 

 

 

SPX

SPX’s closed beneath its Ending Diagonal trendline.

SPX made a 61.8% retracement of its decline this week, but stayed beneath the lower trendline… Continue reading

VIX– VIX found support at its Short-term support at 11.51. It closed above Intermediate-term support at 12.45. The follow-through next week may be very surprising..

SPX’s closes flat this week.

SPX made a new high on Thursday but closed flat for the week. On Friday, it tested its weekly Short-term support for the second time since April. The surprise of the week is that the… Continue reading

VIX– VIX appears to have ended its decline at four degrees of trend on July 3. On Thursday it had its biggest 1-day rally in six months. Now for the follow-through.

SPX’s higher close masks a lot of turmoil underneath.

This is the second consecutive week that SPX could not make a new high. On Thursday, it tested its weekly Short-term support for the first… Continue reading

VIX– VIX traded in a range above its Ending Diagonal trendline, closing with a weekly gain. While the “old VIX” (VXO) plunged to a record low this week, the VIX was not perturbed.

SPX closes beneath the Diagonal trendline.

SPX made a new high on Tuesday, but stayed inside its Ending Diagonal formation. Tuesday was the last day in which SPX could make a… Continue reading