EOD: VXX did decline as expected but prices not so much. Meanwhile breadth is looking marginal strength and diverging negatively on daily and more especially on the weekly [8 weeks and counting]. The weekly breadth print is 'floating' in positive territory but there is lots of fresh air below it before the histo bars show up. Not usually a reliable set up and very unusual for this length of time. There could be fireworks if it breaks free up or down. 50ma summation has peaked and is now turning down so odds are on a decline after the next high [any high] Still not at a terminal top.
pre-open 5/26: There is the potential for VXX to decline as per the 'bullish' vector influence from yesterday [5/25 post] but for ES to fail to reach it's upper target due to the summation index very much appearing to have peaked on the weekly 50ma which historically proves significant regarding tops at various degrees. At most, a corrective down still has the potential to materialize either here or with a higher ES print anywhere above [ES 4220 zone is a classic maximum calculated extension from wave 'ii' low]. STILL LIKELY NOT AT A TERMINAL TOP of the leg from 3/23/20.
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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