[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[RT] Spx Daily



PureBytes Links

Trading Reference Links

S&P 500 daily with hand EW counts. We are now at/close to levels where market should show its true colors. Either this is a correction and decline will complete at W.c.C target or move will accelerate (within a couple of days) into the W.3.3 target signaling that a decline of at least intermediate strength is underway. I suspect that the speed with which it sliced through the LT support line is telling us it will be (at minimum) an intermediate decline.
 
That said, odds suggest that the easy money on the downside has been made for the moment. I covered my short at 1201 and will re-short on retracement.
 
Earl


YAHOO! GROUPS LINKS




Attachment: Spx Daily.gif
Description: GIF image