Thursday, August 27, 2020

Into Throw-Over Territory- ES 3525.0 Next Target

EOD: Potentially- the leg up from 8/20 may have printed a top at 3498.50. A correction of that leg may now be likely. A 38% correction would take it to 3439.0 area prior to popping back up to new highs. (A 23% correction actually occurred a/h.)

Ultimately,  ES 3539.0 is a possible nominal measured target at a higher degree.

Original post-
Higher ES targets will continue to print as each dip is bought. VXX is accumulating relative strength so that a future low hit will potentially have sufficient positive divergence to catapult the market lower.

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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