Archives

USB cycle patterns

vixVIX closed above its mid-Cycle support/resistance, putting it on a confirmed buy signal. This week has been the breakout week after three weeks of indecision. The next important milestone are the trendline at 22.50 and Cycle Top resistance at 24.17 where a long-term breakout of the downtrend may occur.

(SeekingAlpha) With all of the uncertainties facing the market, the CBOE Volatility Index or… 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

VIXVIX rose above all near-term resistance except the Cycle Top at 23.75.  Most market watchers would not take alarm until the VIX exceeds 25.00.  However, the buy signal (NYSE sell signal) is confirmed.  The close above the neckline suggests a very robust follow-through rally in the following week.  Traders are still sanguine after the market sell-off following the jobs report.

SPX… Continue reading

VIXVIX pulled back from its Head & Shoulders neckline at 26.00 in a retracement, then broke through in the follow-through rally this week.  This is at the same level that VIX closed on August 21.  It remains on a buy signal (NYSE sell signal).  The close above the neckline suggests a very robust follow-through rally next week Although SPX closed beneath a… Continue reading

VIX— VIX made a new Cycle low on Friday, May 22. A close above the 50-day Moving Average at 14.94 may break out of the declining wedge formation and confirm a sell signal for SPX.

SPX may be ending it sideways consolidation.

SPX made a new intra-day high on Wednesday (2134.72) and possibly its final closing high on Thursday (2130.82). A loss of Short-term support… Continue reading

VIX— VIX rallied above Cycle Top resistance at 19.16 and closed above it. This is the third close above Cycle Top support/resistance since the first week of October. The Cycles Model suggests a probable rally top by the end of January. It may get very exciting.

 

 

 

 

 

 

SPX made a new low but closed above Intermediate-term support.

SPX spent a… Continue reading

VIX— VIX rallied to challenge its weekly Cycle Top resistance at 18.91, closing beneath it. Next week should add to the excitement, as VIX rises further to challenge its October high at 31.06. The Cycles Model suggests a probable two week rally still ahead.

SPX challenges Short-term support.

SPX rolled over without exceeding the upper trendline of its Orthodox Broadening Top. It closed just… Continue reading

VIX— VIX rose above Cycle Top resistance at 19.05, giving a clear equities sell signal. It appears that VIX may rise above the Head & Shoulders neckline at 31.06, introducing a new upside target. This may happen rather precipitously next week.

SPX has biggest weekly decline since November 2011.

SPX reached a Trading Cycle Pivot on Friday December 5, giving no advance notice of this… Continue reading