Tuesday, March 16, 2021

Much Higher Targets In Focus Short Term

Update: 2:54pm EST: Watching to see if ES price zone 3975+/- (3981 so far overnight) creates a reaction. UPRO hit a critical medium term extension March 16 and SVXY a similar labeled extension today- both look like wave 3's in conventional impulsive terms. In a potential 'g' up leg, these could be a smaller 'a' up with a 'b' pullback to follow. Than a 'c' leg towards a 'top' zone. The 'g' leg on a daily closing basis looks like an even smaller a-b-c up already and a total move as big as the original large 'A' take off at the beginning of the leg. This may help to confirm we are in the midst of the terminating leg based on size alone.

Note that VXX 10.13 is a prime candidate for FIRST LANDING vector target in the seven-wave corrective scenario (a-g). Final destination tends to hit lower by 10% or more.

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