One of the things that particularly shows up as prices begin to zero in on a target number is a low penetration in the VIX. In the current environment there has been long-term chronic support line since 11/30 comprising a 6-point equi-spaced lower limit. That line is finally seeing penetration.
At the same time we are seeing a flattened 'S' in the weekly NYAD breadth MACD SIGNAL line (red) develop. See bottom chart. Note how much less amplitude there is than the previous. This is a pointer to the expectation posted here that the pending top will be that of a less dramatic correction though still fairly significant as far as a potential trade. Post this next correction, new highs will be expected. This is a high degree structure currently developing not usually seen in a 'normal' lifetime.
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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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