Wednesday April 6, 2016

Please migrate to the new site by the end of this week!
http://navigatethemarketstorm.com/

401k: SELL
VXX: APR 15 2016 20C
Long Term: Bear Market, targeting SPX <666 by 2022

$NYAD was +12.86% and $NYUD was +4.90% today.

Saw this EXCELLENT 3 minute interview from CNBC. You need to watch it!
http://video.cnbc.com/gallery/?video=3000507282

Daily

Price remains above all major moving averages and is in the upper half of the BB. The upper band is curving lower so without a significant move higher it will continue to do so. Blue 20dma is still well above the orange 50 dma.


15-min


We rocketed back to 2070 as forecast off the 2043 pivot earlier today.

5-min


Price has alsmost retraced to 2071.1 0.764 Fib retrace of W1 lower. Also remember that 2070 pivot! I can’t rule out a few more sideways/positive hours, but if my count is on track tomorrow has to be a red day.

VIX (Hourly)

With the up day for the market VIX retraced lower, retesting the yellow downtrend line. Notice how much higher the %BB is today compared to the beginning of the month when VIX was at the same level.

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