jmboyer1

jmboyer1

VIX forming saucer (cup-shaped) bottom, ready to move up? Shows what formed from 2002-2008 and what is currently forming. Striking similarities yet more deep/pronounced...i.e. a "bigger base" for a bigger move, perhaps? TBD.

jmboyer1

Weekly chart of XLY since 2009 bottom. Looks to be forming possible H&S top with RSI bearishly diverging. May not confirm H&S, but not one to be long, IMO. Also, note numerous high volume DOWN days with very few high volume UP days. (See box in lower right hand corner)

jmboyer1

Bullish rounding bottom in SH/SPY ratio? Also has bullish RSI divergence, too.

jmboyer1

Bearish rounding top in SPY/SH ratio? Also has bearish RSI divergence.

jmboyer1

Ratio chart of SPY to AGG (iShares Core U.S. Aggregate Bond ETF--the most widely held bond ETF)...i.e. SPY/AGG). Shows bearish forming saucer (or rounding top) in SPY against AGG...i.e. that risk-on (SPY) looks to be putting in top against risk-off (AGG). Also has bearish RSI divergence. See top in 2007 for similarities.

jmboyer1

Ratio chart of iShares Core U.S. Aggregate Bond ETF (AGG--the most widely held bond ETF) to SPY (i.e. AGG/SPY). Shows bullish forming saucer (or rounding bottom) in AGG against SPY...i.e. that risk-off (AGG) looks to be putting in bottom against risk-on (SPY). Also has bullish RSI divergence. See bottom in 2007 for similarities.

jmboyer1 Updated 

Possible H&S top for MNST? Has the look and bearish RSI---i.e. declining RSI with higher prices. Pretty good risk/reward scenario to go short, IMO.

jmboyer1

Is Nat Gas forming an inverse H&S like that in 2012? Look very, very similar and with bullishly diverging RSI. TBD.

jmboyer1

Similar to SPY/IWM post/chart, might SPY/IWC (Microcaps) be negatively diverging as well...i.e. setting up for a rally in IWC (micro caps) compared to SPY along with a possibly forming bearish ascending wedge? As in everything, TBD.

jmboyer1

FWIW, but could SPY/IWM be negatively diverging...i.e. setting up for a rally in IWM (small caps) compared to SPY along with a bearish ascending wedge? As in everything, TBD.

jmboyer1

Here's 65 min. chart of ratio between QQQ/PSQ. Shows QQQ up vice PSQ (inverse of QQQ), but w/a declining RSI and at previous resistance/top. Something to ponder for longs---will this A. breakout up, B. make a failed breakout or C. simply move up through resistance (and continue trend) or bounce off down from resistance. TBD.

jmboyer1

IBB violates horizontal trendline from breakout. Will it result in a failed breakout, thus leading to much downside to come, or will it rally above and beyond to new highs? Of note is IBB's failure to push back above trendline (see arrow) today. FYI XBI (not pictured---is small cap biotech) faring a bit better than IBB as it hasn't violated breakout trendline...

jmboyer1

UVXY (3x Leveraged VIX) looks to be creating a rounding bottom here before breaking out north? Long UVXY.

jmboyer1

Chart says it all....possible left shoulder and Head in place now just needing price to move to 91ish to form neckline, then bounce (up to 97ish perhaps?) for a right shoulder then move back down through neckline to confirm pattern. TBD

jmboyer1

Haven't seen many of these before and not even sure if I drew it correctly, but I do see a diamond shape, with price rallying back up to the apex (?) of the right side of the diamond. Would expect to see it fall from here, but as always TBD.

jmboyer1

Possible H&S top forming on IYT. TBD.

jmboyer1

Could VXX/SPY ratio be ready to move north? TBD.

jmboyer1

Same as other examples, might ILMN (a biotech leader) be ready to hit resistance and fall down? TBD.