Revisiting The Huge 'Tell' In These Critical Charts!

-Updated pre-open 11/30/20: looks like ES 3655 price zone still offering resistance to penetration. It may or may not be penetrated prior to the next partial pullback. Watching VXX target for that to hit which could provide the tipping point zone to become engaged. ES 3589 (overnight) could be a wave 'd-iv' down pullback area. Wave 'e-v' up may occur next unless a new leg requires to launch from even lower down.

-for a close up of price action- see previous post here.

We are expecting the next 'partial' pullback to occur by year-end. Most likely there needs to be higher cash market prices than the recent highs prior to this next pullback but they aren't required as we are at a significant resistance zone in SP-500 and also at a notable support zone in VXX leveraged volatility derivative. The December time-frame may be significant. The pullback will probably spook most and may look like the 'crash' many seem to be calling for. We do not see that yet in the medium-term outlook but we stay open to recalculate based on reality as it happens.

Longer-Term Outlook:

Historical comparison with the current situation and that in 2015, there is a very real possibility that we are approaching a critical juncture in the market. As any higher degree price move requires time to develop longer than 'normal', it could be happening over a large time window with many twists and turns yet to come. VectorSpike will continue to monitor and report.

Even with this outlook- there may yet be higher all-time highs in the general market before the highest degree top occurs. That may well occur after the next anticipated pullback which may not take out the March 2020 low in SP-500 (although SVXY may go lower). SVXY may continue to print lower highs and lower lows relative to it's 2018 price range.

See Critical Long-Term Review Here

The bots will flag here when they see a top. (1/25/20, 2/20/20, 4/9/20)

This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Our favorite go to site- McVerry Report

NOT A RECOMMENDATION TO TRADE- FOR ENTERTAINMENT PURPOSES ONLY!

Is SVXY Giving us a huge red flag? (note that this structure is still developing and may morph any number of times). 

-even with the adjustments to how SVXY price is computed in 2018, the magnitude of these moves warrants attention.