RISING BOTTOMS N TOPS
Posted 06 August 2019 - 08:09 AM
It seems this corrective fractal may be the Adam-and-Eve type... so looking for a move up to ~3000, then another leg down to ~2850, to complete wave-b:c:(x):(iv)... twt.
Posted 07 August 2019 - 08:57 AM
Down, up, down. Bounce for real. Then down hard again, up, down, up, down, then up to new highs.
This has been great trading!!!
Posted 07 August 2019 - 09:51 AM
The monthly looks bearish to 2100 to me, despite breadth and mutual funds out of the market, looks like they picked this top after all, Morgan Stanley was NOT a fade either. The month is not over, but I doubt we finish green.
Edited by CLK, 07 August 2019 - 09:51 AM.
Posted 08 August 2019 - 11:19 AM
Looking for a pause up at the top of the channel and the ~50dma... then another push to at least the ~20dma... twt.