yen cycle patterns

VIXVIX had an inside week, after challenging mid-Cycle resistance a third time in three months. It closed above Short-term support at 10.60 and is on an aggressive buy signal. Once above the upper trendline of the Ending Diagonal formation, it has the distinct probability of reaching the August 2015 high at 53.29. In other words, a complete retracement is possible.

(CNBC) It shouldn’t… Continue reading

VIXVIX closed the week just above a new Head & Shoulders neckline at 26.81.  This is at the same level that VIX closed on August 21. It remains on a buy signal (NYSE sell signal).  The neckline crossing may trigger a move as robust ore more so than the August 24 spike high.

(BusinessToday)  Volatility index VIX rose to highest… Continue reading