EOD: So far on track to flag a top but need more time to let the retrace play out fully. There are lower gaps in VXX (volatility derivative) that would look better if filled so we will have to see. Vectors are still holding required optimal positions.
Confirmation Signal to follow as long as the retrace does not take out the highs. All vectors are correctly aligned. Alternate scenario: highs could get taken out which would define the current move as being a pre-top move especially since vectors are aligned correctly for either scenario. Pre-top moves are closely connected to the full top move when it arrives and are usually within a narrow percentage of the previous high prices.
Everything is aligned correctly so far for either scenario to complete soon.
This may be a tad premature- want to mention one essential comment going forward regarding new lows below 3/23 if that occurs. There is the likelihood of a huge sling-shot move up to potential new all-time highs similar to the alignment that created the rapid drop on 2/20/20. That has been discussed before so it will become clearer as we move forward from here but it's a worth-while thought in and amongst all the gloom and doom that's pervading.
The bots will flag here when they see a top. (1/25/20, 2/20/20, 4/15/20-pending)
Confirmation Signal to follow as long as the retrace does not take out the highs. All vectors are correctly aligned. Alternate scenario: highs could get taken out which would define the current move as being a pre-top move especially since vectors are aligned correctly for either scenario. Pre-top moves are closely connected to the full top move when it arrives and are usually within a narrow percentage of the previous high prices.
Everything is aligned correctly so far for either scenario to complete soon.
This may be a tad premature- want to mention one essential comment going forward regarding new lows below 3/23 if that occurs. There is the likelihood of a huge sling-shot move up to potential new all-time highs similar to the alignment that created the rapid drop on 2/20/20. That has been discussed before so it will become clearer as we move forward from here but it's a worth-while thought in and amongst all the gloom and doom that's pervading.
The bots will flag here when they see a top. (1/25/20, 2/20/20, 4/15/20-pending)
..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
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