Looks like the green leg has stalled or completed. Yellow leg is still in play, A rising lower trend line on VIX was hit at point 'A' as weakness was already showing so we will have to see how that plays out inside the yellow label leg. VVIX (vix volatility) is 19% above it's lower trend line at pre-open. Still looking at Feb 7 2021 window for a turning point- most likely a top.
REMEMBER: Daily moves have very little to do with any stimulus news event, up or down, other than a cycle confluence if it exists- Weakness was pointed out 3 trading sessions prior.
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)
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Our favorite go to site- McVerry Report
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