Higher Targets Are Needed

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EOD: Market is making hard work of getting to a new low on volatility. It is possible that it will accelerate downwards when everyone is convinced the market is heading into orbit which will set the trap. The market may also require a larger pullback to create a slingshot move up to a new high that takes the volatility out and sets the trap from there.

It took 11 x 4hr candles between X and Y prints and so far we have 5 x 4hr candles from Y so could take another 2 or 3 days to print Z based on the same elapsed time span. It is not required to take that exact amount of time so we will have to see.

original post:
Still do not have the final low on VXX volatility derivative so may need a drive higher to push it there.

1918 Pandemic Did Not Tank The Market!
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See Important Long-Term VIX Study

Forget the 'news cycle'- we report on what is actually happening in the majority trading environment

The bots will flag here when they see a top. (1/25/20, 2/20/20, 4/30/20, 5/11/20)

..and possible bounces/bottoms: (2/28/20) , (3/23/20)

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