Interesting chart … XIV (inverse VIX) UPDATED

03/25/2017 – well looks like it went up into the zone discussed below.  I’ve labeled the extension targets as 1.732 (square root of 3), 1.68179 (note the closes) a musical note and the projection was 1.27AB = CD. 1.27 is the square root of 1.618.

as you can see, it sold off but DID NOT give a weekly signal reversal so continue to monitor. Often times, it “likes” to go back to the level of the first failure around 60 as shown.

good weekend to you ..






Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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