Tuesday, August 18, 2020

Small 5 of 5 up to Finish- VXX At Target Zone

Update 8/19/20 12:15pm EST.  There is resistance at 3395.75 but there is still more to go lower on VXX so not done yet.

VXX is within 1% of Target Price. ES Futures could go higher after VXX hits target or VXX could hit target after ES futures hits it's 5 of 5 up. Note the positive daily divergence now showing on VXX. Regardless of which hit's first, a market follow-through should confirm if the calculations are correct. The Dow still has an open gap and it would add confidence to the above projection description if it were to fill. Let's see what happens if VXX hits the 'Y' target.

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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