12:15pm 4k target hit as shown, perhaps could be a wave 'iii' with green border.
Daily cumulative bullish strength is hovering around 60% which is adequate minus any component vector failure showing up. Also noted that the moves up from 'iv' (green border) seem to keep breaking into smaller and smaller discreet multi-wave up formations. Perhaps that's just a time spent moving between price zones requirement.
The previous target calculations using UPRO did not pan out and after further study it was concluded that the extension origins were too early in the price cycle to be accurate for that purpose. A better target zone is now being reviewed from a more recent origin and that will be posted. If readers recall, the critical price extension levels in UPRO were being estimated as they produced a good signal for volatility spikes but only if daily breadth NYAD MACD was showing negative components below zero datum in that price vicinity. That process has now been revised to only use larger degree waves currently active though the baby will not be thrown out with the bathwater and if calculated targets from lower and higher wave origins agree and breadth confirms, that will be included and published as part of the projection
See Critical Long-Term Review Here
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