Update: 10:17 am EST: Watching ES 3975 zone (Jun 18 2021 futures) for a possible reaction. We are also on a third pair of down vectors in VIX beginning 3/4/21 and that could tip a short term reversal near VIX 19.47 zone. So far, breadth is going negative (daily short term) while SP-500 making new highs = small negative divergence that may also support a modest pullback soon.
original post:
After rechecking target vectors on daily plots, it is apparent that targets in VXX were lacking. That is now adjusted. It is still likely that we are in a 7-wave corrective from August/Sep 2020 and the target zone for that could be at ES 4044 using preliminary target calculations based on current moves. UPRO did hit 90.00 as was projected so there could be a minimal pullback near here.
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