Wednesday, August 18, 2021

Measured Moves Down Hit Extension Targets

Thurs. 8/19/21 5:47 am EST: Looks like it's going for 5 waves down or a longer 3 down. See new posting.

Original post:
Potential for a reversal back up soon may fill VIX lower gap. Once that gap fills, a second turn signal watch is definitely activated. [An early turn signal was flagged on Mon 8/16/21]

If the extension targets are valid in completing this week's decline that was announced at the close on Monday, there could be some attempt to retrace or begin a new leg up.

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