Friday, August 28, 2020

Everyone Getting Quite Bullish- Targets Say Maybe, Yes

Update: 11:23am EST.  ES 3480.75 was a small (iii) down from the overnight high. Most likely it will be bought [we've seen small 3rd waves down do this repeatedly]. That location was also a retest of the diagonal throw-over trend line top (cyan).

The small leg that was referred to yesterday had more to go to finish it's ('v') - when that hits, a better mid-level correction may begin. The market has more to go and will keep rising until targets are completed so we will see how much. VXX is getting interesting as breadth is steadily declining and close to printing a negative signal line on the weekly.

See a revised speculative chart at bottom.

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: 
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Our favorite go to site- McVerry Report






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