Pre-open 4/14/21: The closing 'volatility qualification' vector set from the previous session had the required directional sequence and an inflated VVIX (volatility of VIX) but no inflated VXX. The VXX parameter typically inflates even at smaller tops so. while some reaction may occur in the following sessions due to increased VVIX, the summation index pivot point we await may not yet be here. Analysis parameters will require watching. No sudden moves are expected that will have any lasting repercussions just yet.
EOD: Closing vectors suggest the pivot point for a summation index rollover on the 50ma may be pending. If so, the market may pull back a smallish amount and then print new highs during which time the summation index should print a peak on the weekly chart and that should put the market into position to print a top for this leg. Some criteria areas look a little premature so there may be some delay or the vector was one of a group with more to come. Either way- looks like it could be at a juncture. The summation peaks typically form a 'wobble' of one or two percent in the SP-500 while it prints a concluding high and it can take 2 or more weeks to complete.
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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