Tuesday, August 25, 2020

Action Continues In Up Leg Targeting ES 3448 - 3517 Zones

Dow and SVXY still have a gaps to fill but the instruments are now starting to move in that direction. VXX may be holding ground for now. It would not be untypical to see VXX hold it's low zone price as we get very close to final targets in the other instruments. Potentially one or two more hits there are likely. Pre-open vectors are indicating another potential low hit on VXX but could be adjacent to the target zone or a new low.

Also note that the daily RSI on VXX (low hits) took seven days between the first and second (higher low) hit [8/10 - 8/18] and we are now into five days from 8/18 so could be approaching the time symmetry window on VXX RSI. Fisher transform is indicating general upward price movement strength for several days since 8/10.

See Important Long-Term 

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The bots will flag here when they see a top. (1/25/202/20/204/30/20)
..and possible bounces/bottoms: 
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Our favorite go to site- McVerry Report

Right hand inset shows VXX prices

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