As of 12/31, VIX is still below all pivots. This means "buying the dip" is usually the more correct approach. XIV which has done very well on turns in Q4 a bit more concern with 2nd rejection from Q4R2.
TLT and GLD still look very weak and likely will open below long term pivots in 2017.
Weekly with long term levels only
Daily with long term medium term
Daily with pivots only (no support or resistance) and moving averages for entries
Weekly move for 2016 2H was drop through 2HP, then that level acting as resistance, then wham.
Daily chart high on Q3R1 exact.
Daily chart struggle to work off oversold and not much gain. This could easily drop back down.
Limited bounce just barely back above YP.
Though above a pivot, falling MAs and no MACD / RSI advantage yet so not thinking entry long.
If anything a short at 2 pivot levels acting as resistance and falling MAs.
Study VIX weekly chart and consider for the year ahead.
Daily chart still under all pivots.
MACD positive, but into falling MAs and below pivot resistance means more likely fade.
Done very well on the turns this quarter! Low bang on YP 11/3-4; high bang on Q4R2.