jmw080
Long

VIX Symetrical Triangle

CBOE:VIX   Volatility S&P 500
53 1 1
The downward momentum of the MACD is shrinking.

There is some bullish confirmation on RSI / UO / MACD Histogram.

Target is 24.66 for 2 reasons: a previous gap, and the 7.78 price difference between top an bottom of triangle where the top trend-line starts.

This could mean instability in the SPX             which is making a new move through resistance.
I was noticing this triangle forming as well and agree it is likely to swing to the upside near completion.
Destabilization of the market is likely.

Did you see Tim West's "prediction" for 2015?
Not sure 100% on his time line as it contradicts what I see forming, however, we do both agree on potential for a slight dip early in the year causing a little fear, followed by new all-time high then followed by a fall leading to a panic sell and possible crash.

He believes the panic low will hit at the end of the year (december).
I believe it will hit right after the summer quarterly and year end reports (September-ish).
We do, funny enough, agree on the FIB level 2140-ish area as being the peak of the bull market before the correction hits.



Funny how you can watch the VIX for pending market "sentiment" to gauge the movement in S&P.

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