one23

one23

If only the swing pattern will continue...

one23

...S1

one23

Short the flawed inverse vehicle vs buying IWM.

one23

It finally broke through.

one23

Still needs to bust through R1.

one23

...by fib pivot with 1-minute starting mark. Just gonna keep monitoring, as we are due for a multi-day upside swing by a few daily indicators. Other charts linked.

one23

...just hit resistance at hourly 200 SMA. I will see how it looks in a few hours. But, in any event, keep watching yearly pivot resistance in linked chart posted just before start of correction.

one23

PPO shows consistent OB/OS cycle.

one23

Or simply watch this indicator.

one23

Just look at the Price Percent Oscillator to see the oversold level.

one23

Now most oversold on P&F basis since all-time low.

one23

Any feedback appreciated.

one23

See linked chart from yesterday for more.

one23

Yesterday, the trend was temporarily broken (see linked chart); today is was repaired by all that mattered (the weekly close). Quite a recovery; the Machine must still like XIV.

one23

Clean channel, but watch upside yearly pivot shown in a previous SPX / SPY chart.

one23

Candles show it better. See related XIV charts for other comments.

one23

Broken as of today, but VStop is based on week's close, so it must close above ~36 to hold the trend. If it collapses tomorrow, watch out below. If it holds, great buy here.

one23

Fib extension tells the story. Buy near $75 to receive $83.30 in cash. ***Sorry, my title is off by 20 cents.***