VXN - Setting the UP - 24sWe've seen Volatility Smoked repeatedly since the 2020 Highs.
One enormous Downtrend to fill the Lower Price Objective at
12.25.
It has been a long and somewhat winding road on the path, as
we have seen multiple retracements, some quite violent and
unexpected in TIME.
We suspect the same patterns will continue to repeat, although
anticipating a break from the 17 Month Trend, it will not be without
its fits and starts.
There are far too many headwinds to overcome on an Applied
Fundamental Basis.
The ARBs have taken the VX Complex down further and faster ahead
of the FOMC in early November.
The REAL issue as indicated remains - is it Early November or Late
November.
A Santa Rally is baken in according to Buyers, all be forgone,
I see it quite differently, 4/4 is not complete or 3/5 is finishing,
although I lean more to far more prolonged and Complex correction
now, TIME itself will provide the answers.
In Obeying Price, the results are always a success.
There is No real rush for us, rather we prefer to watch those in need
of the Higher Fills grab them, we follow.
Price action is eerily reminiscent of DEC 2019 - Jan/Feb 2020.
Structures are indicating the 10 - 15% correction will occur, perhaps
much more, it will depend on whether or not our Counts are correct.
The rest is up to Price.
We are setting up a Large Structured Positional SELL.
