It looks like the 2nd attempt for the maturing beast to come out has started. If this fails then, it is likely this idea is dead. I think we shall see its full strength by the end of September.
petrichors
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Love your analysis on the VIX - where is your wave count at present?. I am still holding onto longs on VXX hoping that St George will be appearing in shiny armour.
supere
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@petrichors, my overall count has not changed but we need to be wary that it is taking so long. At the moment the bulls are attempting to slay the beast before it can fully mature. I'm inclined to think that if we fall lower than 14.7 or if does not break out by the end of September, then this theory should be invalidated. Best of luck to you!
The_Unwind
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I know you had been prepared for this "burst" of upside volatility.
Excellent work.