Pre-open 12/30/21 7:13am EST: Indexes, volatility and market derivative instruments all playing catch-up to each other. Often, this is the most typical behavior at tops and at prequels to tops. For example VXX has made significant new lows entering a target zone while SVXY is filling a gap down with no new all-time-highs [last high-11/4/21] just yet. None of these are practical timing events just hand-signals for now. Next timing estimate is for 1/7/22, wherever prices are at that time will not matter when a turn signal [market down] prints most likely after 1/7/22.
Commentary- 'thin holiday trading' is often used to brush-away timing events but that will not effectively change or delay any of them more than a few days either way that are already set in place.
Original post-
A turn signal is still required to print [market down] together with the necessary supporting criteria.
Possible options in the absence of a turn signal [market down] and with the Sept low turn signal [market up] still in effect: 1) whipsaw to a low then retrace back up 2) wave iv pullback 3) break higher to a new all time high or a lower high. Everything is on the table except frequency is indicating a possible conclusion coming up in January and a potential clean symmetry in ES futures may be printing an approach to the center of a diamond top or an A-B-C up.
The bots will flag here when they see a top. (1/25/20, 2/20/20)
Commentary- 'thin holiday trading' is often used to brush-away timing events but that will not effectively change or delay any of them more than a few days either way that are already set in place.
Original post-
A turn signal is still required to print [market down] together with the necessary supporting criteria.
Possible options in the absence of a turn signal [market down] and with the Sept low turn signal [market up] still in effect: 1) whipsaw to a low then retrace back up 2) wave iv pullback 3) break higher to a new all time high or a lower high. Everything is on the table except frequency is indicating a possible conclusion coming up in January and a potential clean symmetry in ES futures may be printing an approach to the center of a diamond top or an A-B-C up.
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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