EOD: Center of megaphone test failed to resist so now we're headed for the lower trend line in the larger megaphone.
Update 10:30 am EST: See new updated hourly chart. Regular readers will be familiar with the use of megaphones in pattern analysis. Many times, the fastest largest intermediate leg is the 'C-D' one (depending on your preferred labelling criteria). The current leg appears to fit that description based on it's speed/size and position in the potential megaphone asymmetry.
Aa anticipated in 1/22/21 post, a center zone test of the developing expanding right triangle (aka: megaphone) is most likely prior to the final push up.
This potentially fulfills the requirements for NYAD weekly breadth decline (& NYAD lower std deviation) and the increasing strength of VXX on the daily.
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The bots will flag here when they see a top. (1/25/20, 2/20/20, 4/9/20)
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