Wednesday, August 12, 2020

Topping Targets- So Far: On Point

EOD: Looks like resistance at the 3382.25 zone. Should not be a problem for a run to new highs in the next sessions.

Update 3:46pm EST.  Fifth waves can and often do take miscellaneous forms- zig-zags, megaphones, diagonals even a-b-c's so that looks appropriate for the current print. Still expecting VXX to make a new low somewhere.

Update- 1:26pm EST.  An alternate count puts C/3 at the high of 3377.75. Either way, more upside should be forthcoming.

Original post-
One or two more lower lows in VXX along with it's positive divergence should create a reaction in the market.

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Tuesday, August 11, 2020

Initial Bounce Target In VXX- More To Come


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Targets- VXX Now Pegging In Low Territory

At these levels, we might expect a cash pullback and for VXX (volatility) to form some positive price divergences on it's RSI and/or Fisher transform prior to a final top printing.

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Monday, August 10, 2020

Throw-Over Happening Now: Targets

At least one pullback in cash needs to occur prior to the final throw-over as per 'normal' behavior unless typical behavior is not going to happen this time- (it's different?). Market will do exactly what it needs. A little more patience will be required.

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Friday, August 7, 2020

One More Pullback- Then A Final High


Expect to see some positive divergence on VXX- RSI and Fisher Transform when the final price 'throwover' occurs after a likely pullback from today's close.

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Thursday, August 6, 2020

Projections Hit At Close- Volatility Collapses

Price extensions all hit. ES futures closed within 0.1% of the late afternoon high but did not persist into the close however it was close enough to warrant a possible pullback prior to a final high printing. There is still room for more market highs. In lieu of that, VXX could print slightly lower while ES futures remains below it's current high print. 

After hours did print the very end of wave 5 just a few pennies higher than the close so likely the pullback can now occur prior to the final high attempts coming after that pullback concludes.

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Forget the 'news cycle'- we report on what is actually happening in the majority trading environment

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Wednesday, August 5, 2020

Gaps All Filled- Top Targets Showing

Pre-Open 8:06am EST. 8/6/20: Overnight high at 3329 zone is potentially the end of c/3 (second chart) but below C (first chart). Possibly a pullback prior to final high printing since yesterday's high did not hold into the close. A large acceleration down would indicate that the top has likely printed since VXX has entered it's end zone price range. Also the ES futures price megaphone is moving in a 1.8% overall range which is small by comparison and volatility of the VIX (VVIX) has declined somewhat from it's highs. These events are compatible with topping actions.

original post:
All gaps appear to have filled and vectors are displaying mostly null signals indicating complacency. VXX RSI has compressed at the lows and volatility has tanked. Weekly NYAD MACD signal line has been heading down since June 15 while prices moved higher overall. It is still above the zero datum indicating a medium/short term top if it prints one soon. Let's see if it pans out after new market highs finish printing- usually a final high will print late afternoon so any new high prior to that timing-wise may be premature. Current target zone of 3322.75 is most likely a minimum target on ES futures.

See Critical Long-Term Review Here
See Important Long-Term 

Forget the 'news cycle'- we report on what is actually happening in the majority trading environment

The bots will flag here when they see a top. (1/25/202/20/204/30/20)
..and possible bounces/bottoms: 
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Our favorite go to site- McVerry Report