Updated 9:25pm EST.
EOD: 1/a was taken out to the downside after a failure to pass 3/e higher up (on a measured move) so that does leave the current low on VXX at the 'Y_Y' mid-point as being a suitable candidate for the low in the volatility derivative. A strong move up on VXX could be a good indicator for the overall market to reverse close by to the downside.
original post:
There was an error reading the position for 'X' on the VXX price downward projection. That has been re-aligned to a more accurate location and the target zone is now 'Y-Y'. Watching the current print on VXX to see if it holds at the 'Y-Y' mid-point together with other vector movements as that can often become a reversal position.
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