I mentioned in the January 4, 2012 stock market update, that the SPX would probably grind up to 1330. That looks like a lock here, as the index crosses the channel line. I’m expecting a spike to get us there. From there, that last pivot high arouund 1346 is doable.
The XIV ETF stock pick on December 1, 2012 has been a nice winner. We’re 30%, and eight candles up. I’m hoping for that spike higher in the market, which would help this inverse ETF.