Update: 1:12pm EST: Likely NYAD confirming signal at VXX 27.78 zone if and when that occurs together with a 50ma decline which can also occur prior to the 200ma being pierced.
Update 10:16am EST: 3409.50 zone is also an extension target. Other vectors are supporting it as a potential end to this leg so watching the reaction from here. Still need a downward move on the daily NYAD 50 ma through the 200 ma to confirm but let's see how close that comes by the end of today.
Update 8:06am EST: there is a mathematical possibility that the targets for wave 'v' could be- 3399.00, 3405.25 and 3415.25
Waiting for a resolution- could be after the current keg completes. VXX is still holding it's low but could be ready to attack it or recover. If it hit's it's tipping point, upward acceleration could escalate (market declines). Still need a downward move on the daily NYAD 50 ma through the 200 ma- it has bounced twice so far but could quickly take out the 200 ma if that is the direction it is headed short-term. See bottom chart.
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