Where there was once a falling wedge, there is now a channel. The April 10 breakout that looked so promising completed a Bat pattern and promptly reversed nearly 61.8% of the move from the 13.66 bottom. Is this the end of the ride, or are there bigger and better things in store for VIX? I … continue reading →
Tag Archives: H&S
The analog I first posted about on the 9th [see: Analog Details] has performed well this past week. Given the overnight action in the futures, it’s about to get a boost in the right direction. A perfectly formed H&S pattern would mean a right shoulder in the 1400 range. Though, as we pointed out yesterday, … continue reading →
The Dow is setting up with the same chart patterns and harmonics as SPX, leading me to believe it’s also on the path to completing an analog of its Feb-May 2011 top. The big difference is that DJI already came very close to and reacted off its .886 Fib. However, this doesn’t trouble me too … continue reading →