Wednesday, September 30, 2020

Retrace Up Continues- Projected Target Zone Unchanged

If the contracting triangle (?) trend line holds going forward in time, it may meet up with the top of the projected price zone. VXX bounced off one of it's low markers at the 24.29 zone so there may be a small market pullback from there.

The high at 3384.0 does complete a measured fib extension on the leg up from today's low 3291.25 so it is a candidate for a small pullback as noted on the coincident VXX low hit and bounce mentioned above.

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