EOD: On the day, there is a possible oversold condition on VXX. It is just a few pennies away from it's low which most of the time indicates it will take it out but the market is not in a 'typical' position right now. The coming sessions will give a better clue as to whether it's going to take it's lows out. The closing breadth printed another weekly negative signal.
2:37pm EST: There is a gap higher on SVXY from the decline in early 2020 at 63.48 which is nominally 10% above the current price assuming there's no overlap. That has been on the radar for a while and it certainly could be a target zone as volatility derivatives are currently pushing the prior lows / highs. It is not required however, in 2015, a high retest left a long-term gap open before a terminal decline in SVXY under similar circumstances where an attenuated price pattern was also in play.
Original post-
Listening to one of the very biggest investment 'houses' in the USA recently, the message was clearly business as usual - some corrections equals 'normal' on a monthly basis. Some may get larger. This, of course, is the safe message. If they had real super-knowledge from the decades of investment education passed down from manager to manager, they will keep it close to their chests. Who exactly is going to cause a run on investor withdrawals and who would risk being wrong about that event even happening?
After decades of listening to main stream pundits, managers, 'expert' market timers, the conclusion is that if they 'know', the secret is safe with them [there is a tiny number of reliable analysts- no disrespect to them]. The market does not give up it's secrets easily.
Still on track for a summation index to peak somewhere after a retest of low ranges has happened. A terminal top is still in view even if new highs in the market print. Watching volatility derivatives VXX and SVXY to see if they print lower / higher numbers respectively. A new analysis will be posted in that case.
The bots will flag here when they see a top. (1/25/20, 2/20/20)
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
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