Weekly Vix At Support- Target Zone Likely 50-55

Update 2:07pm EST: ES futures (Sep) 3372.50 looks like a resistance zone and breadth may be testing it's intra-day lows. VXX kissed it's low price.

Update 10:31am EST: Daily VIX is bouncing between 200 and 50 ma's. Previous set up that began on 2/11 took 7 days prior to accelerating up on the daily. Currently we may be at 6 days and counting.

After the VIX hits the upper target zone (Oct/Nov?), most likely, it will head to new lows longer-term as the market rebounds to new highs in time for the next large down-leg in the unwinding of the Super Cycle third wave (wave 4's at differing degrees?)

See Critical Long-Term Review Here

The bots will flag here when they see a top. (1/25/20, 2/20/20, 9/4/20)

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