Update: 02:00pm EST. Pullback at 3202 bought:
Update: 11:25am EST. 2min ES chart just for giggles- the move off 3183.25
The overwhelming majority of trading blogs are bullish. What might that mean going forward? We have no idea only to state that vector patterns are keeping us cautious at the moment. Weekly put/call is at 0.65 which equals the low value going into the previous top. We could be close to a resolution according to patterns if we have read them correctly. We did have one slight error last week in our 'X' position which had the effect of moving the market target higher and VXX lower but not by a substantial amount so we shall see what the follow-through looks like. The status of the charting criteria we use is more complex than our usual challenges at the moment as this is a very unusual market situation we are anticipating so patience and continuing re-assessments have been necessary so we beg your indulgence.
On a multi-decade time frame it has always been a bull market and most probably always will be. It is corrections at various degrees and 'unexpected places' that will be portfolio killers. Here at VectorSpike it is a continuing project to try and identify the most likely occurrences of those particular 'unexpected places' in the desire to keep portfolios in the land of the living.
1918 Pandemic Did Not Tank The Market!
See Critical Long-Term Review Here
See Important Long-Term VIX Study
..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
VXX at it's potential 'Y-Y' target mid-point. Mid-point is a valid final target about 60-70% of the time
VXX at it's potential 'Y-Y' target mid-point. Mid-point is a valid final target about 60-70% of the time
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