EOD: Deep into c/3 target zone and hits a fib alignment extension. Note, this leg up has no real structure yet so could be a corrective a-b-c up. Price movements through 11/5 to 11/9 should give a better clue.
3:00pm EST: ES is still in the wave '3' target zone as enumerated in this post from 10/29. Appears to be making hard work of it as per the last several weeks.
Original post-
The short-term [inverse] VIX print is diverging from inverse volatility derivative SVXY. They are more often sync'd to each other. This is occurring in proximity to a long-term time target as well as several continuous weeks of a negative breadth pattern on the weekly print MACD [NYAD]. Watching closely for a turn signal down in the market. Not much else to add until that happens. Even if inverse VIX and SVXY do eventually sync. up or diverge positively or negatively, it will not change the time target window.
Most likely, this will not be a terminal top but could be a decent sized correction of the 'pivot' variety [potential to May '21 price zone] that often occur prior to most larger degree tops.
The bots will flag here when they see a top. (1/25/20, 2/20/20)
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