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1:19pm EST: ES futures target [three waves] up at 4509 price zone. Let's see what the reaction is, if any. Meanwhile, other vectors are hammering on their targets, if any break through it could mean the current analysis will need re-vamping.
VIX weekly chart ma's tell a story.
SP-500 vx SVXY still on track so far. Waiting for turn signal towards a mini-top. Yesterday's vectors were neutral as are today's so far so market moves most likely to remain in a range. Any dramatic surge out of range will require a new analysis.
Potential TODAY is there for a WEEKLY max'd up move on 50ma breadth [NYAD] into a topping area. The 50ma is printing what looks like an expanding diagonal triangle up and the current leg has all the hallmarks of an E wave up. This could be significant timing for a pivot to commence soon [or more likely- a pre-pivot decline of some degree]. A market terminal top is some way off 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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Our favorite go to site- McVerry Report
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