VIX produced a shooting star. If futures do not go below LOD today that is further proof market bottomed. I couldn't count 5 waves from top to bottom so I'm going to have to count this as a double zigzag.
Note
Looking at the charts one more time, we could retest Friday's low Monday morning. That would be perfect because it would conclude an impulse with all of it's waves.Note
I spoke too soon, I need to rely on my counts more, please refer to my previous post on the EW count "It Aint over till it's over". If the LOD doesn't hold we could drop another 300 points easily.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.