EOD: Still needs to hit lower ES targets/ higher VXX targets.
Still most likely not at the market's ultimate low on this leg. However, it is going to be like pouring the very last of molasses from a cold pitcher. Maybe one/two more weeks?
The controlling structure may be a medium degree wave 4 up about to complete after this leg bounces back up to a new high on ES and on *SVXY- See related post
*VXX should take out it's current low after it's higher targets are nixed and some positive divergence shows on the daily breadth MACD chart.
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