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VIXIX rose above all weekly Model resistance levels except the Cycle Top at 21.92, firmly giving its buy signal.  The next move calls for a breakout to new highs.  While traders are anticipating a calmer season ahead, the VIX warns the opposite may happen.

SPX triggers its Broadening Top formation. 

The SPX may have triggered its Broadening Top formation while declining beneath… Continue reading

VIX VIX challenged its weekly Short-term resistance at 16.19, then closed below its weekly mid-Cycle support at 14.92, postponing the weekly buy signal.  The Broadening pattern “throwback” inside the Megaphone appears to be complete.  The next move calls for a breakout to new highs.  While traders are anticipating a calmer season ahead, the VIX warns the opposite may happen.

(ZeroHedge)… Continue reading

VIX VIX made a new low on Wednesday, then closed above its weekly mid-Cycle support at 14.92, putting it on a weekly buy signal this week.  The Broadening pattern “throwback” inside the Megaphone appears to be complete.  The next move calls for a breakout to new highs.  While traders are anticipating a calmer season ahead, the VIX warns the opposite may happen.… Continue reading

VIX VIX closed beneath its weekly mid-Cycle support at 14.92 this week.  The Broadening pattern calls for a throwback inside the Megaphone reaching mid-Cycle support.  This pullback in the form of a cycle low extended beyond that point and is two weeks overdue.  This is highly unusual for the month of October.

(ZeroHedgeOn the basis of the fundamental… Continue reading

VIXVIX challenged its weekly mid-Cycle support, but closed above it.  The Broadening pattern calls for a throwback inside the Megaphone before a breakout. This fits the profile.

SPX rises toward Intermediate-term resistance.

The SPX right Shoulder of its Head & Shoulders formation extended toward its weekly Intermediate-term resistance at 2027.35, closing beneath it.  It remains vulnerable to a decline.  The Cycles Model… Continue reading

VIXVIX challenged its Long-term support at 16.37 but closed above it.  Usually a drop under 20 is a harbinger of calmer markets.  ZeroHedge says, “Not so fast!”  Selling Volatility is not a safe bet, says Bloomberg.

The SPX right shoulder now matches the left. 

The right shoulder of the Head & Shoulders formation in the SPX now matches the left… Continue reading

VIX— VIX pulled back beneath its weekly Short-term support/resistance at 22.02 after making a new monthly high, suggesting the next move may be positive.  This week shows a dramatic non-commercial (retail) surge in bearish VIX ETFs being purchased.

The SPX bounced off a potential Head & Shoulders neckline. 

SPX bounced again from a potential Head & Shoulders neckline, closing aobve weekly mid-Cycle support/resistance… Continue reading

VIX

— VIX emerged above its Broadening formation and its weekly Cycle Top support suggesting more rally to come.  This week may see a liftoff to new highs.  Is another “Black Monday” in store?

The SPX closed beneath mid-Cycle support. 

SPX closed beneath weekly mid-Cycle support at 1941.56, leaving no further supports until the weekly Cycle Bottom at1672.35  This leaves SPX vulnerable… Continue reading

VIX— VIX “threw back” inside the Broadening formation and its weekly Cycle Top support at 21.34 before rallying back above both supports.  It may be ready for another liftoff.  Is another “Black Monday” in store?

The SPX is repelled by weekly Short-term resistance. 

SPX challenged its weekly Short-term resistance at 2016.97 before being repelled on “Decision Day.”  It has broken through… Continue reading

VIXSPXVIX has tested the Broadening formation high and its Weekly cycle Top support at 21.11.  It is still in the danger zone and may be ready for another liftoff.  It may be pricing in more economic damage to come.

The SPX is poised above mid-Cycle support. 

SPX has been testing mid-cycle support at 1937.00.  It has not been able to better… Continue reading