11:44am EST: Looking at the bottom chart, it is important to remember that all this is happening while VIX weekly has been well into a 50ma/200ma 'golden cross' since late 2018 with a successful retest in early 2020. It remains elevated.
There has been much speculating at VectorSpike regarding the advanced condition of the market and how to resolve the critical markers we use. A large item 'in the room' has been the weekly NYAD MACD which typically shows a negative status by this time. After digging further back, we may have a resolution for it's lack of negative printing [for the majority of tops a negative NYAD MACD usually prints]. Now see the chart for a revelation detail. Only once before has a similar situation occurred and that was in 2007 top. Here we see a weekly 50ma summation index peak that coincides with a positive weekly NYAD MACD. Note that this is also what we have been referring to when we talk about a 'pivot'. A pivot is the penultimate move before a terminal top. This could well be what the current situation is shaping up to be. Interestingly enough we are in the same month sequence when this happened in 2007 if that is what this transpires to be. Albeit, the current structure is not quite as large as in 2007 but it could still be a significant development.
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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