See latest post today 6/9/20
Apologies to EW technicians if we have violated some 'rules'. If this latest pullback gets bought then perhaps we are headed for the lower 'Y' target on VXX. Odds are still good that dips will be bought until they aren't.
1918 Pandemic Did Not Tank The Market!
See Critical Long-Term Review Here
Monday, June 8, 2020
Price Extensions Hitting In The End Zone?
Update: 03:07pm EST. Prices temporarily(?) rejected where arrow equals 1/a [3219] which could be a wave 5 equal to wave 1.
Update: 02:00pm EST. Pullback at 3202 bought:
Update: 11:25am EST. 2min ES chart just for giggles- the move off 3183.25
The overwhelming majority of trading blogs are bullish. What might that mean going forward? We have no idea only to state that vector patterns are keeping us cautious at the moment. Weekly put/call is at 0.65 which equals the low value going into the previous top. We could be close to a resolution according to patterns if we have read them correctly. We did have one slight error last week in our 'X' position which had the effect of moving the market target higher and VXX lower but not by a substantial amount so we shall see what the follow-through looks like. The status of the charting criteria we use is more complex than our usual challenges at the moment as this is a very unusual market situation we are anticipating so patience and continuing re-assessments have been necessary so we beg your indulgence.
On a multi-decade time frame it has always been a bull market and most probably always will be. It is corrections at various degrees and 'unexpected places' that will be portfolio killers. Here at VectorSpike it is a continuing project to try and identify the most likely occurrences of those particular 'unexpected places' in the desire to keep portfolios in the land of the living.
1918 Pandemic Did Not Tank The Market!
See Critical Long-Term Review Here
Forget the 'news cycle'- we report on what is actually happening in the majority trading environment
Update: 02:00pm EST. Pullback at 3202 bought:
Update: 11:25am EST. 2min ES chart just for giggles- the move off 3183.25
The overwhelming majority of trading blogs are bullish. What might that mean going forward? We have no idea only to state that vector patterns are keeping us cautious at the moment. Weekly put/call is at 0.65 which equals the low value going into the previous top. We could be close to a resolution according to patterns if we have read them correctly. We did have one slight error last week in our 'X' position which had the effect of moving the market target higher and VXX lower but not by a substantial amount so we shall see what the follow-through looks like. The status of the charting criteria we use is more complex than our usual challenges at the moment as this is a very unusual market situation we are anticipating so patience and continuing re-assessments have been necessary so we beg your indulgence.
On a multi-decade time frame it has always been a bull market and most probably always will be. It is corrections at various degrees and 'unexpected places' that will be portfolio killers. Here at VectorSpike it is a continuing project to try and identify the most likely occurrences of those particular 'unexpected places' in the desire to keep portfolios in the land of the living.
1918 Pandemic Did Not Tank The Market!
See Critical Long-Term Review Here
See Important Long-Term VIX Study
..and possible bounces/bottoms: (2/28/20) , (3/23/20)
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Our favorite go to site- McVerry Report
VXX at it's potential 'Y-Y' target mid-point. Mid-point is a valid final target about 60-70% of the time
VXX at it's potential 'Y-Y' target mid-point. Mid-point is a valid final target about 60-70% of the time
Friday, June 5, 2020
Price Projection For Repositioned Vector
Updated 9:25pm EST.
EOD: 1/a was taken out to the downside after a failure to pass 3/e higher up (on a measured move) so that does leave the current low on VXX at the 'Y_Y' mid-point as being a suitable candidate for the low in the volatility derivative. A strong move up on VXX could be a good indicator for the overall market to reverse close by to the downside.
original post:
There was an error reading the position for 'X' on the VXX price downward projection. That has been re-aligned to a more accurate location and the target zone is now 'Y-Y'. Watching the current print on VXX to see if it holds at the 'Y-Y' mid-point together with other vector movements as that can often become a reversal position.
1918 Pandemic Did Not Tank The Market!
See Critical Long-Term Review Here
EOD: 1/a was taken out to the downside after a failure to pass 3/e higher up (on a measured move) so that does leave the current low on VXX at the 'Y_Y' mid-point as being a suitable candidate for the low in the volatility derivative. A strong move up on VXX could be a good indicator for the overall market to reverse close by to the downside.
original post:
There was an error reading the position for 'X' on the VXX price downward projection. That has been re-aligned to a more accurate location and the target zone is now 'Y-Y'. Watching the current print on VXX to see if it holds at the 'Y-Y' mid-point together with other vector movements as that can often become a reversal position.
1918 Pandemic Did Not Tank The Market!
See Critical Long-Term Review Here
Thursday, June 4, 2020
Trap May Be About To Close
See latest post
Update: 12:30pm EST. Alternate VXX targets identified based on recent vector movements:
1918 Pandemic Did Not Tank The Market!
See Critical Long-Term Review Here
Update: 12:30pm EST. Alternate VXX targets identified based on recent vector movements:
1918 Pandemic Did Not Tank The Market!
See Critical Long-Term Review Here
Tuesday, June 2, 2020
Alternative Count Price Projection
See Latest Update
Update 6/3/20 5:25am EST.
The timing could not be more perfect. Could be a confirming sentiment signal somewhere close to the target zone-
See Critical Long-Term Review Here
Update 6/3/20 5:25am EST.
The timing could not be more perfect. Could be a confirming sentiment signal somewhere close to the target zone-
"Goldman Sachs has thrown in the towel on its forecast for a sharp selloff in U.S. stocks. Strategists led by U.S. equity chief David Kostin no longer believe the S&P 500 will fall more than 20 percent from Friday’s closing level of 3,044 to 2,400. Instead, they see the potential low capped at 2,750 and predict the index could rally as high as 3,200."
-watch this space, anything can happen of course but not going to bet on these guys being correct just yet.
original post:
Could be a completed leg up or close to it:
1918 Pandemic Did Not Tank The Market!-watch this space, anything can happen of course but not going to bet on these guys being correct just yet.
original post:
Could be a completed leg up or close to it:
See Critical Long-Term Review Here
Imminent Market Targets Have Nothing To Do With 'Hope'
See latest post
EOD: Finally getting price penetration into the end zone. Let's see if it takes 6 x 4hr candles to get to 'Z'. It isn't required but so far that is the time spacing for X and Y.
Comment: There is a possible alternate scenario where the previous 'Y' at 31.42 on VXX (5/12/20) has printed the medium term volatility derivative low and the testing of VXX that is occurring now could fail at or above VXX 32.62 which is the current 'Y' from 5/26/20. If that is the case, it will soon become apparent. A pre-top decline could also occur anywhere near here prior to a final top. Either way- time looks like it is getting short. Divergences continue to build.
Update 1:00pm EST. Could be trying to make a final target. Once the zone is penetrated, there will be updates posted as needed if there is a modification to the signal that is showing from the vectors.
Original post:
The targets enumerated here have been identified for weeks as the place the market has to go if it is to fulfill it's most probable objectives according to the mathematical data. Absolutely nothing to do with opening up, recovery hope, vaccines, pigs flying or anything else in the news. In fact, with apocalyptic fires burning in all major cities, wouldn't you think that would be a reason to sell? That just shows the lack of understanding of market mechanics in the popular press and even in the offices of 'expert' analysts. Most likely you will also find mention of the market 'shrugging' off the unrest.
At VectorSpike we believe there is a better way to describe it. Data does not lie when used correctly. Stick with us and forget the guessers. We may not always be perfect and don't claim to be but the track record sure looks good so far and way better than all the investing analysts and the poor investors that got 'surprised' by the last collapse. We had that one in the cross hairs for weeks prior and even called it on the actual date it started to accelerate down.
1918 Pandemic Did Not Tank The Market!
See Critical Long-Term Review Here
EOD: Finally getting price penetration into the end zone. Let's see if it takes 6 x 4hr candles to get to 'Z'. It isn't required but so far that is the time spacing for X and Y.
Comment: There is a possible alternate scenario where the previous 'Y' at 31.42 on VXX (5/12/20) has printed the medium term volatility derivative low and the testing of VXX that is occurring now could fail at or above VXX 32.62 which is the current 'Y' from 5/26/20. If that is the case, it will soon become apparent. A pre-top decline could also occur anywhere near here prior to a final top. Either way- time looks like it is getting short. Divergences continue to build.
Update 1:00pm EST. Could be trying to make a final target. Once the zone is penetrated, there will be updates posted as needed if there is a modification to the signal that is showing from the vectors.
Original post:
The targets enumerated here have been identified for weeks as the place the market has to go if it is to fulfill it's most probable objectives according to the mathematical data. Absolutely nothing to do with opening up, recovery hope, vaccines, pigs flying or anything else in the news. In fact, with apocalyptic fires burning in all major cities, wouldn't you think that would be a reason to sell? That just shows the lack of understanding of market mechanics in the popular press and even in the offices of 'expert' analysts. Most likely you will also find mention of the market 'shrugging' off the unrest.
At VectorSpike we believe there is a better way to describe it. Data does not lie when used correctly. Stick with us and forget the guessers. We may not always be perfect and don't claim to be but the track record sure looks good so far and way better than all the investing analysts and the poor investors that got 'surprised' by the last collapse. We had that one in the cross hairs for weeks prior and even called it on the actual date it started to accelerate down.
1918 Pandemic Did Not Tank The Market!
See Critical Long-Term Review Here
Monday, June 1, 2020
Price Projections While Trying Ever So Hard To Finish The Job
See latest post
Update: 3:15pm EST. Looks like it's failing to close the deal so far today. Better luck next time? Maybe.
Original post:
Look at the divergences building since mid-April (see chart below)
1918 Pandemic Did Not Tank The Market!
See Critical Long-Term Review Here
Update: 3:15pm EST. Looks like it's failing to close the deal so far today. Better luck next time? Maybe.
Original post:
Look at the divergences building since mid-April (see chart below)
1918 Pandemic Did Not Tank The Market!
See Critical Long-Term Review Here
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