Market Has Some Downside Potential Showing

EOD: Breadth arithmetical value is not yet negative on either weekly or daily but it is trending down on the MACD. Upside moves still have a shot perhaps up to 3233 or more. 3179.75 does hit a downward extended target from the close on 6/8 and so qualifies as completed at that degree.

Update: 12:35 pm EST. Downside target zone A/1

Volatility Derivative VXX showing upside resilience so far off the proposed 'Z' target. Breadth took a dive yesterday but may need to rebound today. ES at 3233 (Jun 19) is still holding but could be challenged/hit/taken out marginally while VXX low could remain unscathed.

1918 Pandemic Did Not Tank The Market!
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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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