VXX at 33.25 is close enough to the target. This was a new low for VXX while ES cash did not really pierce the high zone so we shall see if a decline commences sometime soon. Weekly breadth kissed the red signal line which is about as close as it has come for 9 weeks so that could be a set up. Not a terminal top yet and the pre-topping action [pivot?] most likely will not be as dramatic as in 2007. Mostly the chart demonstrates the positional possibilities given the advancement of the market currently in prices and the proximity to high degree vector targets [currently approximately 10% to 15% above a volatility derivative low- first draft target zone from 3/23/2020]. Mid-section of the chart shows nyad weekly 50ma and 200ma plots. Upper section shows SP-500. Also note- in both cases the nyse summation index 50ma is demonstrating peak behavior. Not quite 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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