I forgot to mention previously that my green count is no longer valid.
Additionally I believe the VIX closed out of it's upper daily Bollinger Band, which is the first step in triggering an equity buy signal
Should the bounce that I'm expecting tomorrow materialize, I would expect the VIX to pull back into it's BB. A close back inside and below today's close would be step 2.
And should the blue count be the correct option that would result in a rally that would result in the VIX printing another lower close after step 2, which then triggers the buy signal.
As always we shall see ...
1:00 PM EOD Update
This is the new and improved Blue count I posted in the AM. I believe it just completed it's (X) wave.
I can't get to the red the red count at the moment but it should have completed wave iii.
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| BLUE Primary - 60 Min |
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| 10 Min |
