Downside Targets, Overlaps And Gaps Oh My!

EOD: More small ES moves up to 'D' (lower VXX possible to 24.00 gap zone).

No- we aren't following a yellow brick road aka Oz fantasy but we are watching the arrow impulses and supporting vectors. So far a very interesting 'exercise' time-wise. VXX still has higher targets pending so until they are definitely nixed one way or the other, (either hit or a dramatic reversal of VXX down), we remain focused on the market downside targets and structure for now.

There could have developed a relatively narrow expanding triangle in VXX that will get us a reversal to a new market high once it's upper targets are hit. This would fit with the previous post projection estimates.

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

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