EOD: The following micr-count might give us a marginally higher target or there could be a bust straight up through to new levels higher up still. We wouldn't normally try a count this tight but it could fit what we are seeing with the remaining vector alignments that need to fully bottom out first and are mostly very close so giving it a shot:
Update: 3:37pm EST Vectors that showed some intention have pretty much faded at this point with the exception of VXX which is still holding it's low price from 4/7/20 so either more time/and or price highs are required (if the VXX continues to hold it's low) or perhaps we need to blow through everything to set uo a new top price somewhere in the next few weeks.
Update: 3:08pm EST. So far the new high has not produced supporting vectors with any optimal value so still could go anywhere with prices. Could be that new highs are still required to set up a top that the vectors can signal against. They are still in a preliminary position where the values could become optimal but the timing window is closing for that to happen today. There will be an update if that occurs.
Update: 12:35pm EST. If ES 2803.5 high holds, a minor pullback may begin. All vectors are on board the small pullback move possibility but they are not at optimum values which is why only a potential 'minor' signal. Could also be a 'pre-top' signal indicating the next high (2809.5? area) , if it occurs, might produce a better result. VXX low still holding so far.
Original post: Volatility derivative VXX may have bottomed on 4/7/20 (which is also a 'Pi' function date**). So we will see if there is a reaction at zone 2 markers. If VXX takes out it's low 40.78 from 4/7/20 that would be significant otherwise there could be a pullback in ES of some degree soon.
**4/7/20 (15x pi days fm 2/20/20 -top)
The bots will flag here when they see a top. (1/25/20, 2/20/20)
Update: 3:37pm EST Vectors that showed some intention have pretty much faded at this point with the exception of VXX which is still holding it's low price from 4/7/20 so either more time/and or price highs are required (if the VXX continues to hold it's low) or perhaps we need to blow through everything to set uo a new top price somewhere in the next few weeks.
Update: 3:08pm EST. So far the new high has not produced supporting vectors with any optimal value so still could go anywhere with prices. Could be that new highs are still required to set up a top that the vectors can signal against. They are still in a preliminary position where the values could become optimal but the timing window is closing for that to happen today. There will be an update if that occurs.
Update: 12:35pm EST. If ES 2803.5 high holds, a minor pullback may begin. All vectors are on board the small pullback move possibility but they are not at optimum values which is why only a potential 'minor' signal. Could also be a 'pre-top' signal indicating the next high (2809.5? area) , if it occurs, might produce a better result. VXX low still holding so far.
Original post: Volatility derivative VXX may have bottomed on 4/7/20 (which is also a 'Pi' function date**). So we will see if there is a reaction at zone 2 markers. If VXX takes out it's low 40.78 from 4/7/20 that would be significant otherwise there could be a pullback in ES of some degree soon.
**4/7/20 (15x pi days fm 2/20/20 -top)
The bots will flag here when they see a top. (1/25/20, 2/20/20)
..and possible bounces/bottoms: (2/28/20) , {3/23/20}
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Our favorite go-to site: McVerry Report
Our favorite go-to site: McVerry Report
No comments:
Post a Comment