Update: 2:45pm EST: Looks very much like it is going for 'broke' at VXX 13.46 zone and potential UPRO 90.04 which would make sense if that zone is where an 'ALT W3' prints.
Update: 12:23pm EST: One of these directions may produce a better signal at the next level up or down due to the nature of the leverage in UPRO:
(Definitely closing in on VXX critical target zone 13.46. Expect twist and turns on the way. Stay focused.)
Crash calls abounding... we see corrective waves. Is this analysis way off? An update will be forthcoming when that pattern seems more clearly substantiated. Hang tight.
It is still the most likely scenario according to the vectors that a wave 4 down (brown border- bottom chart, alt position) may print when VXX hits 13.46 zone at a market peak (expanded wave 3 top?) and subsequently declines to a wave 4 low proper. There will be swings prior but that remains the primary focus for now. Waiting for an expanded wave 3 top to print. Otherwise, we are in a long term wave 5 up but that seems less likely at the moment.
Note that actual wave labels are less critical than credible wave extensions and vector analysis since it appears that expanding waves are printing at a large degree. Lots of focus and reliable analysis is very critical at the moment.
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