Wednesday, January 6, 2021

Larger Megaphone - Third Wave Up From 9/24/20 In Play

EOD: ES 3774.75 Close enough for a target hit on wave [iii-c]. VXX reacted quickly by moving up from just above it's current low that printed on 12/31/20 so that might indicate some kind of a pullback pending. The low on VXX that printed 12/9/20 has not yet been taken out. Short-term this could indicate more volatility. After this amount of time it may take a large amplitude move up in the market to move VXX to a new low probably when the top does finally print later on.

Time to zoom out to the next degree up picture:

See Critical Long-Term Review Here
The bots will flag here when they see a top. (1/25/202/20/204/9/20)
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Our favorite go to site- McVerry Report



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