nsprph

nsprph

CRUDE COMING DOWN TO LONG TERM SUPPORT

nsprph

Move up and the areas where it can turn for the final low.

nsprph

EXCEPT FOR 2008 ALL OTHER MAJOR BOTTOM SIGNALED WHEN VIX HIT THE RED BOX. ONCE THE VIX HIT THIS AREA SPX BOTTOMED THAT MONTH OR MAX 6 MONTHS OUT. THEN SPX BOTTOM WAS ALWAYS SLIGHTLY LOWER THAN THE VALUE OF THE SPX ON THE VIX TOP BY ABOUT 1.5 TO 3.7% (ABOUT 2818 TO 2753) , THE OUTLIER WAS 2008 WITH 21% LOWER WHICH IS ABOUT 2237 LEVEL.

nsprph

On the hourly chart possible bottom and the VIX reached the same level of the previous bottoms. If we get V bottom and symmetry plays out. Lot of ifs. Just drawing on the charts. Good luck.

nsprph

SUPPORT AND RESISTANCE. WE DO HAVE RSI DIVERGENCE BUT THE RSI TREND NOT BROKEN YET. LOOK TO BUY IN THE RSI OVERSOLD AREA WITH DIVERGENCE OR BREAK OF RSI DOWNTREND. WE KEEP MOVING HIGHER LOOK TO SELL IN THE RESISTANCE AREAS WITH RSI SIGNAL. JUST MY GUESS.

nsprph

ONCE BREAK OF 1617 AREA WE GO TO THE TARGET#3. THEN POSSIBLE CORRECTION TO SUPPORT WILL UPDATE AS WE MOVE UP.

nsprph

POSSIBLE PATH

nsprph

STILL BULLISH TILL 12-13K THEN BACK TO 8-9K THEN BIG BULL RUN.

nsprph

POSSIBLE PATH, CROSS OF MA AND THEN STEPS UP.

nsprph

STILL BULLISH AND VERY BULLISH LONG TERM. WILL HAVE CORRECTION ALONG THE WAY.

nsprph

BULLISH

nsprph

BULLISH

nsprph

TARGET AND SUPPORT

nsprph

Short term not as bullish but long term looks great!

nsprph

CRUDE REACHING THE LIMIT FOR UPSIDE, IF BREAKS THE WEDGE HERE IS A POSSIBLE PATH.

nsprph

BULLS AND BEARS CAN PULL PROFITS.

nsprph

Long term , waiting for the MA cross.

nsprph

REACHED TARGET