It appears that 980 in the SPX will prove to be the market's top (at least for the short term). I believe we're seeing a climax buying spree, and we should start to reverse by the end of today.
The market has rallied almost non-stop for 2-weeks. Then, over the past two days, it consolidated in a wave-4 triangle. Finally, today we got the typical terminal thrust. Check out those 3 wide-range hourly bars, looks like a climax to me. I think 980 should contain the upmove.
2 comments:
"The market has rallied almost non-stop for 2-weeks. Then, over the past two days, it consolidated in a wave-4 triangle. Finally, today we got the typical terminal thrust. Check out those 3 wide-range hourly bars, looks like a climax to me. I think 980 should contain the upmove."
you don't understand anything that you said. Why do you fret over something that you don't have a clue on?
Thanks.
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