Another Chart With A Second 'Tell'

At VectorSpike we continue to produce some of the most strange approaches to projections that seem to work out for the most part. We are not that 'clever' really - we employ historical samples from many sources and all the work done by talented individuals in the area of chart analysis throughout market history that have gone before. They are the talent that gave us the tools for insight.

This one supports volatility expectations so perhaps there is a little bias but we do use several tools- too many to list every time but we think you have seen an example of most every approach we use to assimilate market analysis. 

Reference the chart #1 below:

The general take-away is that VIX is making higher strikes while VXX is doing the opposite- creating a diverging pattern in the relationship. The current market set up will not produce an exact replication comparing Feb 2020 and now but the basic premise should hold true. Stay with us for the call on the final flag signal.

A-  VIX expanding triangle

B-  VXX moving lower

C-  VXX MACD moving higher 

D-  VIX makes higher highs

Chart #2:
Weekly Advance-Decline (NYAD) MACD vs SP-500

Medium Term:
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

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)

This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.

Our favorite go to site- McVerry Report

VXX could breach 45.00 target price zone but should top out and then return to new lows: