VXX - 1hr

I've adjusted the degree of recent waves iii and iv. Near-term targets don't change, but longer-term path includes one more bounce and drop later into the Spring. Actual targets for waves (iv) and (v) will be dependent on resolution of wave (iii). I'll be looking for brief bounces to enter short, and will hold for lower targets as long as the pattern holds. Breaking above 19.26 would be a warning to shorts, and 20.24 would be an indication this count is clearly not playing out as shown.