EOD: ES 4417 pretty much hit and rejected so far. Could be setting up a minor top to arrive this week. There are gaps down to be filled in some instruments and vector analysis shows this decline today was a reaction to a one-day divergence between VIX [up] and the volatility derivative VXX [down] that set up yesterday- Mon. 7/26/21. If that is indeed the case for the decline today, then a few more sessions will clear it up. Signs are pointing to a possible pivot top to arrive soon.
Original post:
Could be a double top locally [2021] on the daily breadth 200ma. Triple top multi-yearly?. Still waiting for a pivot top to print on ES [4417 + zone]. Could be close. Terminal top to come later.
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)
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Our favorite go to site- McVerry Report
No comments:
Post a Comment