Update: 10:39 an EST: Intra-day breadth is showing some decline so far. VXX has a few recent gaps down so maybe those need to fill before we head off to a new all-time-high.
Breadth is not showing weakness to the extent that a larger top would print however, we are watching the progression to the upper target on ES futures. VXX still needs to take out it's lows through the gap to target B. An expanding diagonal in ES looks to be a possible pattern.
An obvious, deep failure from ES 3913.75 zone would suggest a very nominal wave 'v' (no brackets) at the next degree higher may have occurred otherwise the wave '[iii]' (with brackets) most likely remains valid.
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