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.
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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..and possible bounces/bottoms:
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