News Of The Market's Demise Is Badly Timed

2:00pm EST: Chances are good that this next leg will expand the diamond as a leg did previously, confirming the structural construction as on-going: expanding up and out over the existing trend line and down to a new apex low. This next decline could be it for the apex if that's what it is. Daily inverse-VIX closings are still in a down trend and the vspike indicator is in a deeper down trend and showing a small turn down currently in the live market. Need to see how that closes today.

12:03pm EST: VIX 25.31 zone looks like a potential fib target - it's just a few percent lower down. UVXY is filling it's gap now and some overlap/delay could be expected just to make sure all the inventory is covered. Today is also day 8 in a 8-0-8 frequency. The target date has a +/- 1 tolerance so this estimate also includes tomorrow 3/18/22. UVXY now has an overlap fib ext. target at 16.31 zone a tiny percent lower beyond the gap.

original post:
Yes- there is most likely a decline to finish the structure but the likely slingshot back up will delight everyone. Longer term, either a megaphone or diamond is printing. The scale of it and long term wavelengths say much more time to go yet. Panics will be happening but they do not make for a long term top.

Live charts: short-term- a turn signal [market down] is expected in proximity to current price levels. Longer term megaphone or diamond is nowhere near completion. UVXY has replaced VXX in comparison usage as VXX no longer has issuance for new purchases and as such is not reliable. UVXY is an ETF as opposed to VXX which is an ETN. ETN's have intrinsic susceptibilities to shutting down occasionally and are generally regarded to be avoided. Specifically UVXY does not normally complete it's down legs with gaps open. Only occasionally will it make a terminal up move leaving a gap in it's wake. 

Commentary: praying the war cycle does not also have another down leg in it as sometimes there is conjunction between cycles. Please, if you can, try to send anything to help those under attack right now. Thank you.

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