After Hours Update: Pullback from 2975.75 was expected. Most likely a breadth decline is required prior to higher prices so we shall see how that plays out. The volatility derivative VXX is holding up above it's lows which it may well challenge or take out as ES hits higher peaks, It is not required though as there are enough signals in place at the present time to facilitate an acceleration down move at any point going forward.
Large Y and Z measured extensions are being targeted unless it is done here. Looks like the 'rolling top' scenario was well-described as we continue to print tops and bottoms within a continuing loose price range.
1918 Pandemic Did Not Tank The Market!
See Critical Long-Term Review Here
..and possible bounces/bottoms: (2/28/20) , (3/23/20)
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