3:38pm EST: Small wave [v] = small wave [i] at 4186.75 with an *82.4% vector ratio that most often accompanies a reversal [using parameter 4 of 4 in our calculation] so we will have to see if that was a significant print for a reversal from a high. EOD: After hours continued in a downwards reaction so perhaps the signal has merit short term. Also the vectors that printed between 4/8 - 4/15 often preclude a very short term bullish continuation followed by a slightly longer decline before resuming the upward trend. We may have had the first part. On a weekly closing basis- SP-500 and DOW closed marginally lower.
*Vector 'normal' support ratio = 50%. "Alert" signal when it hits the 81 - 88% zone (50 x fib 1.62 and 50 x fib 1.76) - which seems to be a possible best fit theory as to why this value zone continues to prove significant.
General commentary- It is noticed that some EW blog analysts more or less concur with the overall action that is currently detected [whipsaws and new highs still to come]. Reading vectors does involve analyzing complex alignments between parameters then attaching conclusions to those that have demonstrated predictable outcomes through repeated historical examples.
See EOD similar measurement previous reversal [different parameter- 3 of 4].
UVXY was used for a leveraged derivative signal in place of VXX (now VXX1) which reverse split today and did not have a symbol re-assignment valid chart yet. UVXY remained above it's 6-day lows as did VXX1. A supportive short-term telling signal. A lower target is anticipated after the pivot and summation rollover both complete. Not there yet.
See Critical Long-Term UPDATED 4/12/2021 Review Here
The bots will flag here when they see a top. (1/25/20, 2/20/20, 4/9/20)
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