Weekly NYAD MACD is close to printing a negative week and positive divergence on VXX (hourly) has materialized exactly at it's 1.6 fib extension of prices from wave 'iv' down on 10/2. Currently wave 'v' up has printed the same length as wave 'iii' up on ES if wave labels are close so there could be a reaction along with all the other markers noted. There is room for more upside in the market and a new assessment of wave labels could be forthcoming so let's see how it all transpires.
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