15min Projection Targets

EOD:  Waiting for a top confirmation at the megaphone (large B). A non-confirmation could still produce some downward movement but it would most likely only be a whipsaw so we would rather wait for the clear top flag signal to trigger. Looks like a 1/A down at ES 2851 so a retrace back up from there could potentially get us to an acceleration top lower than 2913.50 or a final top higher up. Either way, it is getting much closer and now there is the advantage of seeing more clearly what structure we are likely dealing with.

Update 1:52 pm EST, Megaphone top or triangle structure /other? - the perfect device to shake out both sides of market positions. Targets at top (large B) may or may not have printed yet. Could be in the zone currently. More downside may confirm leg large B to C is underway. Looks impulsive down and corrective up so far,

Update 11:00am EST, Looks like an a-b-c up completed and could be a 1/a down beginning. VXX hit its bottom target number from yesterday (36.95 zone) and appears to be moving up. Not all the vectors are on board just yet so could be another whipsaw.

Original post-
It was anticipated that there would be range movement for a while to burn off negativity and that is definitely bearing out. Newer ES highs have not created new volatility lows since 4/14/20 but a new low in volatility is now on the radar or at least something close. We may have printed 2 pre-top moves which is unusual but if true, then this next print should take us to a final target higher in ES.

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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, 3/9/20,    ?   } x 3**

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