Update: 12:50pm EST: Structurally, the waves are only marginally optimal. Many hours to go before the end of the week.
Update: 11:35am EST: Price and breadth have pulled back so far from the pre-opening candles. This was expected. Breadth attenuation needs to occur prior to printing a top at this level. Current daily breadth MACD signal is pushing a negative signal line (red). As we have stated, this next top should coincide with a wave 'iv-d' up on SVXY with a wave 'v-e' down subsequently stopping short of March 2020 general market lows.
The much larger overall market top could be anticipated later next year or possibly 2022 and then a wild ride to historic lows from there. That's the anticipated prognosis currently- subject to adjustments as moves develop. Buckle up.
original post
More attempts at the target zone. Cash resistance: ES 3730.00/3740.00 zone.
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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Our favorite go to site- McVerry Report
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