Creeping Into Cash Resistance Zone 1

EOD: ES hit the first CASH target (SP-500). ES futures looks to have already passed it's upper target but could still be room for more upside as VXX has not hit it's downside target yet. However, it (VXX) may or may not require higher market prices before a market decline occurs (when VXX hits lower target then accelerates up). Caution is required. The Dow looks to be lagging however so that may need to catch up first.

3-down at close on 2min chart could go lower to ES 3651 short-term or back up from the low it already printed.

original post-

Nibbling before a pullback or an immediate push into higher cash targets. Either way watch for an approaching topping structure.

You may want to keep in mind the previous post on the longer term outlook.

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)

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