Unless inverse volatility catches up quickly- could be more market volatility coming..
Previous layout on ES futures is nixed as a new structure is developing in SP-500 (could be a corrective megaphone). However volatility derivatives still look like leaning more towards impulsive- SVXY down, VXX up).
On the weekly breadth (NYAD MACD vs SPX) chart, it looks like the SP-500 could still be making it's 'pre-top' (potentially a small wave 3/c or equivalent -up) before a pullback (wave 4/d) prior to wave 5/e up to complete the leg.
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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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Our favorite go to site- McVerry Report
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