Thursday, March 19, 2020

Gap Fill then Backtest?

See EOD 3/20/20 Latest post

Update: 3/20/20 1:05pm EST. So far the high of 2457.25 is definitely a contender for the gap being mostly closed and the low from there is around a 60% retrace down so far.

Update: 3/20/20 Actually did hit the 61.8% on VXX and rather quickly. The market turned down with it so may need to follow-through today or not. What happens at week ending is telling most often in the current environment. If there is moderate to not much weakness in the breadth- that would be a positive.

Original post
See the chart for targets. We will be watching for another attempt at a leg down when VXX (volatility) retraces
to 61.8% and 50% especially. A top flag may post in these regions if true but there's a way to go yet before then.

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

The bots will flag here when they see a top. (1/25/202/20/20)
..and possible bounces/bottoms: (2/28/20) , {3/6/20, 3/9/20,    ?   } x 3**
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Our favorite go to site- McVerry Report 




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