EOD: Looks like a reaction is definitely underway. A turn signal is still required to confirm. Possibly in the next few sessions. There is a lower target for VXX even if the general market printed a minor high today.
Original post:
Various indicators at lower degrees looking to roll-over. SVXY high from 11/4/21 still holding and daily breadth [NYAD] histogram bars dropping fast [8-session continuous drops from +220 to near zero datum]. A UPRO pullback may be the most likely scenario which would take the market with it. Not likely a terminal top yet but the time envelope is closing fast from projected frequencies from 2009 lows. [2/14/22 & 3/27/22 currently in focus for larger degree high targets]- subject to adjustment depending on developments moving forward.
The bots will flag here when they see a top. (1/25/20, 2/20/20)
Original post:
Various indicators at lower degrees looking to roll-over. SVXY high from 11/4/21 still holding and daily breadth [NYAD] histogram bars dropping fast [8-session continuous drops from +220 to near zero datum]. A UPRO pullback may be the most likely scenario which would take the market with it. Not likely a terminal top yet but the time envelope is closing fast from projected frequencies from 2009 lows. [2/14/22 & 3/27/22 currently in focus for larger degree high targets]- subject to adjustment depending on developments moving forward.
The bots will flag here when they see a top. (1/25/20, 2/20/20)
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