The retrace is struggling to gain traction and it did succeed at a decent sized retrace in volatility derivatives [-62%]. The original target was for either side of 1/29/22 and this could still produce an event moving lower as two other targets have initiated continuing down moves as noted previously. A special indicator [ind.vspike] has dropped over 200% signaling 'high' target dates are more likely to create a downward continuation so that would fit.
IF a retrace is forthcoming -given the delay, a better time wave calculation is for 2/9/22 which is interesting as a very long term target from 2009 wave has been on the radar for several weeks for 2/14/22. Until there is a sustainable retrace, the date estimates for a target are very temporary. The diamond structure is still in play given the compliant symmetry so far that has printed. A continuation of that structure would necessitate lower highs yet to come below the current all-time high unless it breaks up [fakes up, perhaps] to a new apex or more [does not seem likely at the moment]. In the lower chart, 'new-month money' could be the spur to a target date high 2/1/22+ [but only if the indicator 'ind.vspike' turns up].
If you missed it, see prior post referencing the wave from 1995.
Upper chart is a new updated version [shows inverse vix at bottom]. Note that 2/14/22 is a local and a long-term target so the credibility goes up. Lower chart is original post.
Note that some target date highs could refer to index highs, inverse volatility highs or derivative opposite pair highs/lows separately. Similarly- all of these could coincide on occasion. However it divides, the trend is usually all-encompassing.
The bots will flag here when they see a top. (1/25/20, 2/20/20)
IF a retrace is forthcoming -given the delay, a better time wave calculation is for 2/9/22 which is interesting as a very long term target from 2009 wave has been on the radar for several weeks for 2/14/22. Until there is a sustainable retrace, the date estimates for a target are very temporary. The diamond structure is still in play given the compliant symmetry so far that has printed. A continuation of that structure would necessitate lower highs yet to come below the current all-time high unless it breaks up [fakes up, perhaps] to a new apex or more [does not seem likely at the moment]. In the lower chart, 'new-month money' could be the spur to a target date high 2/1/22+ [but only if the indicator 'ind.vspike' turns up].
If you missed it, see prior post referencing the wave from 1995.
Upper chart is a new updated version [shows inverse vix at bottom]. Note that 2/14/22 is a local and a long-term target so the credibility goes up. Lower chart is original post.
Note that some target date highs could refer to index highs, inverse volatility highs or derivative opposite pair highs/lows separately. Similarly- all of these could coincide on occasion. However it divides, the trend is usually all-encompassing.
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.
Our favorite go to site- McVerry Report
Our favorite go to site- McVerry Report
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