Wednesday, October 21, 2020

And The Beat Goes On- But Better Pay Attention

The "pay attention" bit: (expect *medium degree fireworks around VXX new low, 20.50 price zone):

* larger degree would refer to the drop from 2/20/20 (large wave down on SVXY)

The controlling structure may be a medium degree wave 4 up about to complete on SVXY- See related post

Current short-term higher VXX target zone is shown using hatch lines.

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 Review Here
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Monday, October 19, 2020

Market Barely Moving But Has A Plan

The controlling structure may be a larger degree wave 4 up about to complete on SVXY- See related post

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 Review Here
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Saturday, October 17, 2020

This Volatility Derivative Could Have Printed A Huge 'Tell'


Chart 1: SVXY has failed to keep up with the market by an extremely large amount! Why? Please see the proposed potential answer: (wave 'v' down could be about to unfold at the enclosing degree shown)

Chart 2: Current ES set up: (after 'D' leg down, should move up to 'E')

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Friday, October 16, 2020

Wave 4 Down Keeps The Market In Idle Mode

Could be looking at two more weeks before any significant new signals. Breadth is barely degrading at all and needs to move lower on the weekly chart prior to the market making anything significant as far as a top on this leg up.

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Thursday, October 15, 2020

Expected Short-Term Pullback Looking To Complete

EOD: Looks like a 3 waves down to the fib target followed by 3 waves back up to the 3481 zone or higher- 3481 is a legitimate calculated fib target so a bounce back down could be expected to complete a wave 'iv' pullback (green square label)

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Tuesday, October 13, 2020

Likely Short-Term Pullback Zone

Update 2:24m EST: Could be a small wave 'v' or 'e' down to finish the short-term pullback. Still missing a hit on ES 3549.50.

Update 11:58am EST: Small a-b-c (i-ii-iii) down has completed. Possible scenario- now/soon headed for ES 3549.50 (a 'critical' value target). VXX and ES would then have hit equivalent respective 'critical' value targets which could produce a reaction pullback. If one or both continues through their respective targets then that negates this scenario. In  either case, the market may still have a long way to go to the upside eventually.

A review of the other market index (Dow Jones) looks to be lacking in price movement so far. Several other vectors we follow have not hit optimum so looks like more to go after a pullback in ES futures.

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Monday, October 12, 2020

'Pi' Daily Time Interval Hit On First Extension Target

ES has hit at a fib extension (3534/3543 zone) target together with a similar VXX hit. Looks like a preliminary pause or pullback area as ES has more to go. The trend line is most likely coincidental as it is the critical extension targets themselves that provide the better signals. The current hit on ES looks like a non-critical target value so far but may lend itself to a pullback that develops prior to the final move up. If ES hits 3549.50 - that would be a more critical target.

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The bots will flag here when they see a top. (1/25/202/20/209/4/20)
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