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
..and possible bounces/bottoms:
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