See latest post updated 6/6/20 that also includes a long term projection
Daily breadth may have peaked as it moved towards zero from negative values during a 12-day period. It is typical for tops to be created in this type of action. Lei's see what follow-through we get. Vector signals were identified and triple-checked at all the fib extensions moving down in VXX as shown. Fib extensions with vector signals typically align in increments finally hitting the 100% extension zone. The final VXX hit matches an alignment with the ES upper price extension which looks favorable for a top print to be imminent if not already completed.
See Critical Long-Term Review Here
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