Monday, July 20, 2020

Projected Price Pending- Potential For A Top

1918 Pandemic Did Not Tank The Market!
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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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Original post (bottom chart)
Vectors on VXX seem to be aligning with prior vector signal zones at a higher degree: Since the weekly breadth (nyad) MACD signal has not yet printed a negative value, there may need to be a contiguous series of lower tops until a negative signal does print which could initiate a more severe movement down in the market. It may not be required but historically, that would represent a repeat in similar situations:

EOD chart: VXX may have triggered it's low (mid-point Y'-Y') but we need a market downside acceleration to confirm probably after ES hits the 5/E price level.



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