Still Following The Scripted Targets

EOD: Bounce up was expected. Main take-away is that we printed another daily negative (red) on breadth MACD and a lower weekly but no negative signal yet on weekly. It is not necessary for that to occur with the top we expect when it does arrive. Higher targets expected next week. VXX low is still holding and may have pegged or is very close.

Update 1:15pm EST. Looks like we are still on target- not at the top just yet but this deterioration in positive price and breadth action could be the harbinger of a subsequent decline that will scare most.

Update 11:55am EST.

..but could let go any time now.. *Breadth MACD (daily) continues it's downward trajectory (red signal line is diverging negatively from Oct 12 2020). SP-500 going higher and VXX may hold above/close to it's low from 12/9/20.

*We still do not have a negative signal on the weekly breadth but it may not be necessary in this case as we are not looking for a major top which is what we typically look for. In a similar historical situation in 2015 (Nov 23) where SVXY had not fully bottomed, breadth did not go negative on the weekly red signal line when it topped. The market recovered subsequently in that situation.

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