Tuesday, January 26, 2021

Higher Confidence Print- Inverse Volatility Derivative SVXY

See bottom chart: (SVXY)

After checking all the market patterns, the best looking seems to be in the area of volatility. In particular SVXY which currently may be printing a large 'C' leg up and doing that impulsively in it's latter half from early September.

Could be a contracting right triangle finishing up presently 'iii-iv' so there's room for more downside inside that triangle which may fulfill the weekly breadth decline requirement that is needed prior to a medium degree top printing.

ES futures may be finishing a small 5 min chart leg up. (upper chart)

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The bots will flag here when they see a top. (1/25/202/20/204/9/20)
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