11:22AM EST: VIX LOWER GAP MOST LIKELY BECKONS. Once that has been closed, we can pay closer attention. Until then- do holiday stuff/hobbies or projects at home/work for a while. Peace.
Upper chart shows current status of SVXY. Readers of this blog are by now aware that volatility derivatives often give a better underpinning to market intent rather than market price moves alone. The current set up shows the third MACD peak about to roll over. The third peak [if and when it materializes] can often print a larger decline than the ones following the previous peaks in the 3-wave leg.
Lower chart: 'decline pending 2]' may be about to print based on upper chart current set up if SVXY crosses down on the macd. Terminal top is likely in the future after a pivot prints now or later. All the large-ish crash talk [read 'trash talk' - chuckle] never gets the timing right but dramatic mini declines could certainly materialize.
Lower chart shows a potential expanding triangle [megaphone] in yellow from 2007 and one huge triangle currently printing that could show similar intent. The large red declining line is a similar looking trend line. A potential 'current equivalent' label places the current live environment at a similar juncture.
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
Friday, September 10, 2021
Revised Outlook - Short and Long Term
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