I fully expect to retest the gap this time around and most likely with an Opex high though it may not be the monthly high this time around. That could have already printed.
The VIX just did the 2 outside close of the Std 20,2 BB, got back inside, closed, then made a higher high the 2nd day. This should be telling of things to come. The move expected higher may be on a leash here however. I still believe we are going to mimic August 2015 and perhaps the February 2016 and 2018 moves soon. I am still in the camp of the minutes release the 22nd when the SHTF again. Until then I think we can make a lower low or at least retest the Friday low into Monday and most likely recover into Friday when we get the whipsaw / chop into the 22nd beforehand. This has nothing to do with August supposedly being a bearish month. Since 1928 there have actually been 52 bullish compared to 38 bearish not counting 2018. September is the most bearish on a monthly number of declines vs any other month. 40 up and 49 down.
Weekly and daily charts ...Daily MACD has not cleared the June high on any of these recent highs not to mention the $NYMO has failed to reach the July 12th high. I believe something was done to the $NYMO chart because I hadn't seen a daily close above 0 until I looked at the chart again today