Archives

U.S. Dollar cycle patterns

VIX— VIX made a new Master Cycle low on Thursday, 50 days after the initial Cycle low on February 25. It occurred in the form of a rare triple zigzag formation. On Friday, it challenged Short-term resistance at 14.85, warning of a potential breakout above that level.

SPX declines beneath short-term support.

SPX closed the week beneath weekly Short-term support/resistance at 2084.31. The problem with… 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