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VIX

-- VIX tested weekly mid-Cycle resistance at 15.34 before falling back toward the lows. A Minor Wave 2 low may have been put in. There is still a sense of complacency among investors that may be unwarranted.

SPX fails to make a new high.

SPX probed higher this week in an attempt to make new highs, which it did not. SPX closed up this… Continue reading

VIX

– VIX has begun its ascent towards its inverted Head & Shoulders neckline at 22.50. This is the start of the run to the top of the chart that may occur over the next 2 weeks. There is still a sense of complacency that may have been induced by program selling of the VIX.

SPX has a reversal week.

SPX probed higher early in the… Continue reading

VIX– VIX ramped above weekly mid-Cycle resistance and challenged its February high before closing beneath it. This is the start of the run to the top of the chart that may occur over the next 3-4 weeks. The press continues to “whistle past the graveyard,” (here, here, here and here).

SPX breaks supports and Bearish Wedge trendline.

SPX made a clean… Continue reading

Dear Friends and Colleagues,

Please join me and Michael Yorba as we discuss today’s market at 3:30 Eastern

GUESTS APPEARING ON THE TRADERS NETWORK

2:30 p.m. Central or 3:30 p.m. Eastern – FRIDAY-APRIL 11, 2014

ndx

 

Good afternoon!

Let’s pick up where we left off last week. The top that was made on March 7, 2014 is 2 days short of 5 years… Continue reading

VIX– VIX made a final Master Cycle low on Friday, but still managed to close above its Ending Diagonal (not shown). This is the prelude to a probable run to the top of the chart that may occur over the next month or more. The press is chortling that “fear has left the building.”

 

SPX revisits Cycle Top, reverses.

SPX made another attempt at… Continue reading

VIXSPX– VIX made a new Master Cycle low on Wednesday, but still managed to close at weekly Long-term support at 14.50. This is the prelude to a probable run to the top of the chart that may occur over the next several weeks. Despite the constant late-day VIX selling for the past month, it has managed to maintain a higher base since the beginning of… Continue reading

VIX– Although the VIX closed lower for the week, it may be signaling a breakout ahead as it builds a higher base. This is the prelude to a probable run to the top of the chart that may occur over the next several weeks. The VIX is considered a leading indicator of the direction of the SPX.

 

SPX remains above the Wedge trendline.

SPX… Continue reading

VIX– After days of late-session smack-downs, VIX finished Friday in the green and closed the week above all resistance levels but the Cycle Top at 21.10. This is the prelude to a probable run to the top of the chart that may occur before month-end.

 

SPX remains above the Wedge trendline.

SPX was repelled again by its weekly Cycle Top resistance at 1891.93,… Continue reading

VIX– VIX broke out above its weekly mid-Cycle resistance at 15.57and pulled back, remaining above prior lows. This is the prelude to a probable run to the top of the chart that may occur before month-end.

 

 

SPX is repelled again by Cycle Top resistance.

SPX rallied again to its weekly Cycle Top resistance at 1885.55, but was repelled on Friday before breaking through.… Continue reading

VIX– VIX closed below its cluster of weekly Model supports after challenging weekly mid-Cycle resistance at 15.63. VIX did not make new lows this week, a non-confirmation of the SPX rally attempts.

 

 

SPX is repelled by Cycle Top resistance.

SPX rallied to a new closing high, but reversed short of its weekly Cycle Top resistance at 1877.75. Orthodox Broadening Tops are often called… Continue reading