3/9/20 Working On Next Larger Megaphone Lower

See latest post 3/10/20 for review of Mega-Sructure

UPDATE 6:10PM EST. Possible divergence developing: Remember- this could apply to the scenario where nyad MACD begins SLOWLY advancing UP while prices strike lower with each down leg move on the MACD especially on the weekly charts.

Possible bounce zone or another failed attempt- let's see.

UPDATE 11:17AM EST. There are fib alignments in the impulse direction (see lower charts) so potential for some kind of temporary bounce up exists. A lot more eventual down potential is apparent:

UPDATE 10:40AM EST.

3/9/20: 6:50am EST.

Looks like more to go as the vector alignment required deeper geometry. That question did come up in the analysis last week. So far ES 2819.0 overnight has taken out the previous low by 1.2%.

-Will have to see what the weekly price moves bring one more time. Could still be #2 bottoming. It is possible that only 2 of 3 vectors of bottom #2 may have printed so far. Other analytics are still pointing to a potential retrace up needing to complete. If new low confirms in cash then still looking for an "A" wave up. "B" wave is void as far as labelling. There still remains the possibility for a total of 3 'bounce/bottom' prints to be needed with the current one 2 of 3 before we move up with any substance. It is a deep red market. This has happened before in 2018. If that does occur then the possibility of a very deep retrace/new leg up will need to be considered. Let's take it one at a time.

Less likely alternate once again is that the retrace is done and dusted.

Since 3/8/20 4:30pm EST. Global Trading Signal: "Excessive Agitation" could suggest it is a continuance of bottom #2.

URGING EVERYONE TO PLEASE SEE THE FOLLOWING ITEM(S) ESPECIALLY IN THE PERSPECTIVE OF THE CURRENT (VIRUS AND MARKET) 'PANIC' THAT IS BEING TOUTED. THE CURRENT MARKET SITUATION WAS MOST LIKELY INITIATED STARTING 2 YRS AGO WITH AN UNPRECEDENTED VIX SPIKE THAT KICKED OFF A GIGANTIC STRUCTURE AROUND VOLATILITY DERIVATIVES. CURRENT MOVES WERE ALWAYS COMING. THE REPEATED POSTS HERE DESCRIBED THE IMMINENCE OF BIG MOVES RELATED TO THE 2018 AND TO A LESSER EXTENT (FRACTALLY), THE 2015 VIX SPIKE. YES THE VIRUS IS A CONCERN BUT IT IS NOT THE COMPLETE PICTURE. THERE IS ALSO A VERY DISTURBING SITUATION IN BANK REPO MARKET- ALL CONNECTED OF COURSE. NOT THE END OF EVERYTHING. THANKS.

See Critical Long-Term Review Here

See Important Long-Term VIX Study

First strategy is to not get on the wrong side of the market. Long term wkly: $nyad MACD Signal (-)273 (RED) with sm positive div.on histo bars. Short term daily: Currently printing potential 2nd bottom. Action: Wait for short-term direction confirmation viewed from inside wkly red.

VXX wkly: MACD strong ascending towards 0 (more upside available)-this is a market 'negative' status. Daily: At/near peak value. 

The bots will flag here when they see a top. (1/25/20, 2/20/20)

..and possible bounces/bottoms: (2/28/20) , 3/6/20-void?)

Our favorite go to site- McVerry Report

This information is for entertainment purposes only. Financial loss can occur from investing