Looks Strongly Like Waves (i-ii-iii) Up Are Close To Completion.

EOD: VXX is sitting at lower targets pending a final low. Breadth did finish with a small weekly negative signal so that is useful going forward to producing a top. Any market pullback from here will most likely be modest relatively speaking but may produce more negative breadth as some more is going to be needed to make the top we are expecting to print later on.

Update: 1:15pm EST: VIX is feeling the crush as VXX goes into it's lower target 2 zone. Breadth looks to be declining so far but we will have to wait for the close. A weekly number pointing down on the NYAD MACD (signal parameter) will build a negative divergence versus higher market daily closings to assist in creating a top.

Finally looks very much like we're getting into upward impulses needed to finish this leg off.

Remember:
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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