Index and $VIX Tops and Bottoms (No Pennies!!!!)

[TeaCake]

That is one view...

Another view is that we launched from 1867 into the large 5 that will take SPX 2200-2500. (You can see everything in that range. I think my LT chart in stickies has 2268?)

As it relates to XIV - signposts for the 1 of 5waves would be...
Just using that 78% retrace # (20.84) since XIV/SPX agree...
1=7.29ish for 30.17ish...which is ballpark close to where we are
3=11.80 from wherever 2 ends
and 5=1 for 7.29 from end of 4...and we should be at that 43.xx I mentioned.

I like my signpost...early warning system when things screw up (check and balance for the various RRCs). My signposts are where I go, "Check. If it walks like a duck, talks like a duck....I better quit swilling tequila."

Looking 4ish at the moment (allegedly)...which would be the large degree 4 previously mention. Hopefully, a 5 this afternoon/tomorrow to make me feel all warm and fuzzy....

Edit - the '2s' of the medium and large degree were fairly vicious - implies 4s will be tame? Flats?