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As the chart above suggests, VIX is tracing out a beautiful long-term compressing triangle/wedge. Technical analysis tells us that when it completes, VIX should surge and/or stage a massive move higher. Possibly in a very violent fashion.

If you would like to find out exactly when that happens and what that means for the stock market, please CLICK HERE. 

ELLIOTT WAVE UPDATE:

Since many people have asked, I will attempt to give you my interpretation of Elliott Wave and how it is playing out in the market. First, I must admit. I don’t claim to be an EW expert, but I hope my “standard” interpretation is of help.

Let’s take a look at the most likely recent count on the S&P.

Explanation:

Long-Term: It appears the S&P is quickly approaching the termination point of its (5) wave up off of 2009 bottom. If true,we should see a massive sell-off later this year. Did it already complete? Click Here

Short-Term: It appears the S&P might have completed its intermediary wave 3 and now 4. It appears the market is now pushing higher to complete wave 5 of (5). If true, the above count should terminate the bull market. Did it already complete? Click Here

If you would like to find out exactly what happens next based on our Timing and Mathematical work, please Click Here. 

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ATTENTION!!! Please note, we have moved most of our free editorial content to our new website MarketSpartans.com Please Click Here to view it.

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– State of the Market Address:

• The Dow is now approaching 23,000.
• Shiller’s Adjusted S&P P/E ratio is now at 31.17 Now at arguably the highest level in history (if we adjust for 2000 distortions) and still above 1929 top of 29.55.
• Weekly RSI at 78 – overbought. Daily RSI is at 81 – overbought.
• Prior years corrections terminated at around 200 day moving average. Located at around 18,100 today (on weekly).
• Weekly Stochastics at 99.17 overbought. Daily at 96 – severely overbought.
• NYSE McClellan Oscillator is at +9. Neutral.
• Volatility measures VIX/VXX remains at suppressed levels. Commercial VIX long interest increased to 112K contracts net long. 
• Last week’s CTO Reports suggest that commercials (smart money) are shifting their positioning back to net short. Short interest has shifted slightly higher during the week. For now, the Dow is 10X, the S&P is at 3X net short, Russell 2000 is now at 8X net short and the Nasdaq is net neutral.

In summary: For the time being and long-term, the market remains in a clear bull trend. Yet, a number of longer-term indicators suggest the market might experience a substantial correction ahead.  Plus, the “smart money” is positioning for some sort of a sell-off.

If you would like to find out exactly what happens next based on our Timing and Mathematical work, please Click Here. 

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ATTENTION!!! Please note, we have moved most of our free editorial content to our new website MarketSpartans.com Please Click Here to view it.

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Oil has been compressing into a multi-year wedge. A wedge that is about to terminate. The question becomes, will oil surge higher or as some suggest, collapse. We have an answer. To find out, please Click Here

– State of the Market Address:

• The Dow is now approaching 23,000.
• Shiller’s Adjusted S&P P/E ratio is now at 31.18 Now at arguably the highest level in history (if we adjust for 2000 distortions) and still above 1929 top of 29.55.
• Weekly RSI at 77 – overbought. Daily RSI is at 81 overbought.
• Prior years corrections terminated at around 200 day moving average. Located at around 18,100 today (on weekly).
• Weekly Stochastics at 99.53- overbought. Daily at 97 – severely overbought.
• NYSE McClellan Oscillator is at +8. Neutral.
• Volatility measures VIX/VXX remains at suppressed levels. Commercial VIX long interest increased to 105K contracts net long. 
• Last week’s CTO Reports suggest that commercials (smart money) are shifting their positioning back to net short. Short interest has shifted slightly higher during the week. For now, the Dow is 11X, the S&P is at 3X net short, Russell 2000 is back to 5X net short and the Nasdaq is net neutral.

In summary: For the time being and long-term, the market remains in a clear bull trend. Yet, a number of longer-term indicators suggest the market might experience a substantial correction ahead.  Plus, the “smart money” is positioning for some sort of a sell-off.

If you would like to find out exactly what happens next based on our Timing and Mathematical work, please Click Here. 

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ATTENTION!!! Please note, we have moved most of our free editorial content to our new website MarketSpartans.com Please Click Here to view it.ELLIOTT WAVE UPDATE:

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