Pre-open: Still anticipating a larger decline to a low and then sling shot from there to new highs [from a pivot low.] It could consolidate in a range for a while as a significant unwind in breadth still needs to occur and that may take time to accomplish perhaps in a stealth-like fashion so as not to scare everyone.
VXX did hit an adjusted live target this morning at 39.01 and may be trying to bounce higher from there. Lower targets still wait to clear as shown on the chart posted.
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