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VIXWhat a difference a week makes! VIX emerged above its Pennant formation and challenged weekly mid-Cycle resistance. This resulted in a potential buy signal (NYSE sell signal). Closing above mid-Cycle resistance at 15.89 may confirm the signal.

(ZeroHedge) The chart of the volatility index measures the “fear of a correction” that currently exists in the market. As a contrarian… Continue reading

VIXVIX appears to have completed its long-awaited Wave (2) at 12.50 on Wednesday. A buy signal (NYSE sell signal) may result from a subsequent rally above its Pennant trendline at 14.50, while closing above mid-Cycle resistance at 15.88 may confirm the signal.

(ZeroHedge) Who’s afraid of the big bad bear? No one, it seems.

The CBOE VIX Index sits at 13, just 8%… Continue reading

VIX VIX challenged its weekly mid-Cycle resistance at 16.06, closing beneath it.  It appears to be on an aggressive buy signal (NYSE sell signal), while closing above mid-Cycle resistance may confirm the signal.

(ZeroHedgeAnd CSFB’s “Fear Barometer” just hit an all-time high…

As CS’ Mandy Xu notes, typically, an increase in the CSFB is caused by a combination of higher… Continue reading

VIX

VIX appears to have completed its Wave (2) low and emerged above tis Pennant formation.  It also challenged mid-Cycle resistance at 15.90, giving an aggressive buy signal (NYSE sell signal).  Two different opinions are expressed below.

(Bloomberg)  Betting that the stock market will get more volatile has been one of the worst trades amid a 13 percent rebound… Continue reading

VIXVIX began a rally from its Master Cycle low on March 18.  An aggressive buy signal (NYSE sell signal) may be made with a rally back above mid-Cycle resistance at 15.90.

(Barrons)  Lots of market-watchers are talking about the recent plunge in the CBOE Volatility Index (VIX).  The VIX, an options-based measure of market expectations for future price… Continue reading

VIX VIX declined beneath weekly mid-Cycle support at 15.93, making a new Master Cycle low.  The Cycles Model suggests VIX may begin to rally next week.  An aggressive buy signal (NYSE sell signal) may be made with a rally back above mid-Cycle resistance.

(AFR)  Even as a gauge of investor anxiety hovers close to the lowest level of 2016, the… Continue reading

VIXVIX made a wide swing between weekly Intermediate-term resistance at 20.21 and weekly mid-Cycle support at 15.97, but did not make a new low.  An aggressive buy signal (NYSE sell signal) may be confirmed with a rise above Long-term support/resistance at 18.40.  A breakout above the neckline suggests a very robust follow-through rally that may last several weeks.

(Bloomberg)  To… Continue reading

VIXVIX made its final swing low at weekly mid-Cycle support at 15.93 on Friday morning, making it the last support before its reversal.  An aggressive buy signal (NYSE sell signal) may be confirmed with a rise above Long-term support/resistance at 18.30.  A breakout above the neckline suggests a very robust follow-through rally that may last up to a month.

SPX retraces to the… Continue reading

VIXVIX made a swing low at Long-term support at 18.21 on Friday morning, then rose to challenge Intermediate-term resistance at 20.27.  While the VIX is on a long-term sell signal, this level would be considered “neutral.”  However, the buy signal (NYSE sell signal) may be confirmed with a rise above the Short-term resistance at 22.66.  A breakout above the neckline suggests a… Continue reading

VIXVIX pulled back toward weekly Intermediate-term support at 19.99.  A trader using the VIX to signal the market’s intent would label this level as “neutral.”  However, the buy signal (NYSE sell signal) may be confirmed with a rise above the Long-term resistance at 22.20.  A breakout above the neckline suggests a very robust follow-through rally that may last up to a month.… Continue reading