Thursday, August 20, 2020

Descending Fib Targets

EOD:



Above ES 3342.25 could be a wave 4 up in the descending structure or a re-test of the highs. Wave 3 down hit at 3344.75. VXX has hit target and moved from there with some follow-through. Dow still has a gap to fill so perhaps that will happen if investor's rotate to safety from the S&P as it meanders around a topping scenario.

See Important Long-Term 

Forget the 'news cycle'- we report on what is actually happening in the majority trading environment

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

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