Tuesday, June 30, 2020

Top Flag May Have Triggered (Short-Term)

A coincidence of vectors is pointing to a completed top at today's close. Let's look for follow-through to confirm. If VXX fails to take out 33.41, chances are good that will be a confirmation, even if ES prints a marginally higher price. Note the NYAD daily breadth has been in negative territory and today it spiked but the blue signal line is still quite low. The weekly NYAD still has positive breadth which is why it can only be seen as a short term potential top at the moment.

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The bots will flag here when they see a top. (1/25/202/20/204/30/205/11/20)
..and possible bounces/bottoms: (2/28/20) , (3/23/20)
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