Thursday, August 6, 2020

Projections Hit At Close- Volatility Collapses

Price extensions all hit. ES futures closed within 0.1% of the late afternoon high but did not persist into the close however it was close enough to warrant a possible pullback prior to a final high printing. There is still room for more market highs. In lieu of that, VXX could print slightly lower while ES futures remains below it's current high print. 

After hours did print the very end of wave 5 just a few pennies higher than the close so likely the pullback can now occur prior to the final high attempts coming after that pullback concludes.

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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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