11:51am EST: Intraday vectors shows a one-sided support for a move up which does not demonstrate a 'turn signal' up at a higher degree. A companion signal is required to accomplish that set up. This still leaves open the expectation that a topping process cannot be ruled out whether or not higher market prices print later. Let's see how the day's vectors close as they rarely finish the day with similar ratios to those at mid-day. After gaps close, there will likely be a modest retest of the lower ranges. A turn signal up, if it is going to occur, may be more likely to show up then but it is more likely not going to print in order for a top to complete. Could be range-bound for another week or two while summation index tries for a terminal pop upwards. Please note that 'Fed Speak' etc. will likely not change the ultimate destination- it only ever occasionally creates a whipsaw up or down and then the market completes whatever it intended to do up to that point.
Note that week-ending 9/10/21 printed an extended-size [x3] *companion pair* volatility turn signal up on the weekly chart. The associated low prices in volatility derivatives since then have yet to be taken out.
* A 'companion pair' descriptor is associated with a higher degree turn signal. In this case it supports alignments just described towards a market decline pending.
Original post-
In yesterday's post it was observed that alignments were most likely occurring and that in order to complete the picture the summation index needed a secondary peak. A possible route to that is demonstrated below-
The bots will flag here when they see a top. (1/25/20, 2/20/20)
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