Vix at all time lows showing some kind of cup bottom while exhausted market is doing third and last burst?
VVX is at all time lows because of the futures roll component which causes decay. Look to the VIX for the real measure. That still has a bit to go down to be at yearly lows, as well as VVIX which still isn't at all time lows. Agree with the pattern though. I think we have to head down very soon. I wouldn't be surprised if it was now. However, I would like to see a 12 print on the VIX first.
Well, it's not a Triple Top if the neckline is more than 3 degrees ascending. It's actually an ascending wedge top. If you look at these patterns, you'll notice the dip and rip, as the bullish trend continues to new highs. You can trace out a 1.618 extension (where the bottom is reached to previous high) to find the new high.
If your talking flow, as in past few days, then your flipping stocks. I'm looking at bigger trend. We are nearing a crucial point. We either saw the low today or we will see a low by the end of this week. If not, and we start seeing diverging descending line (hidden divergence) with rising bottoms, then we are in trouble.