Note how the peak in downward momentum occurred right where orthodox Elliott suggests it should, at the bottom of Wave 3 of 3 down, around the third week of October.
Note also how well the VXX Daily Trend Model caught most of the entire shown decline.
Is it time to be long the VXX and start heavily shorting the stock market? No, that's not how we trade. We can anticipate the reversals but not act upon them until they occur. That said, email subscribers know where the SPX Daily Model reverses Short, as well as where the SPX Weekly Model reverses Long. Upon either of those events, everything will change.