The market within it's continuous upward progression (at various degrees) likes and needs to rebalance as it gets out of symmetry (price/time/both). As can be seen we currently have a relationship between the ES futures (including the cash market) and VXX that have inconsistencies of inverse symmetry. There is frequently a phase difference between VXX and the general market but the best signal occurs when inverse symmetry is close. The projection going forward we created accounts for several criteria requirements including lack of inverse symmetry between VXX and the market. Watching to see how closely this tracks. Market is in no hurry and we need to see more weekly breadth declines.
Low target is ES (dec) 3154-3115 price zones.
Could be another three weeks before a proper decline occurs if the situation and timing is similar to Jan 21 2020 on the weekly advance-decline (nyad).
See Critical Long-Term Review Here
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Our favorite go to site- McVerry Report
No comments:
Post a Comment