Still moving into target zones. No breadth decline of any value yet though the daily is descending and the weekly still has to run to Friday before we know if it has any intentions. Recently, it keeps printing more or less higher at week ending closes. No summation index roll over. Vectors are getting deep into 'classic' terminal zone territory with no real breadth decline so vector extension calculations may require moving to the next level in the fib ratio from 'classic' to 'long' which does occur on occasion. This moves everything further out a notch (bullish tweak). We will hang tight prior to recalculating until week ending arrives just in case there's a development.
On a monthly closing basis, there is a gap on the VIX at 15.47 that is very likely an attractant. The daily closing is currently above at 16.91 (4/12/21) so most likely- either a daily/weekly/monthly close needs to happen below VIX 15.47. At least that may give us another target zone we can hang a hat on for now as there is little else identifiable currently short term. Intra-week Bollinger Band is currently at 14.55 so perhaps that is a more realistic target zone to keep watching as it moves up or down.
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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