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eurostoxx cycle patterns

VIX

VIX rallied off the final low of a Broadening Bottom formation that is marked by successive higher highs and lower lows.  Aggressive traders often use a close above the mean value of this index to begin placing bearish trades in equities..  A daily close above the prior high at 17.65 confirms the VIX buy/Equities sell signal.  The Cycle low came on Tuesday.… Continue reading

VIX— VIX continued to challenge its Cycle Top resistance at 19.18 but closed above it. Fortunately, it closed above both Intermediate-term support at 16.32 and Short-term support at 16.62. The Cycles Model suggests a probable rally top by the end of January or early February. It may get very exciting.

SPX continues its sideways consolidation.

SPX continued its sideways consolidation between Intermediate-term support at 2021.03… Continue reading