Measures intraday action only. Testing midrange level / prior B wave breakout area and "bull angle" support. Last May/June, Ms. market paused at the lower range level before the final capitulation plunge into the summer lows and robust rally afterwards. Ideally we see the same setup back down to the confluence of 4 TL intersects in the next month or 2, but considering the numerous crash-like extremes we've seen lately, ain't countin on it.
Officially in the neutral camp......I would say bull camp, but I'm usually ~ 1 month early, so taking a phased-in approach this time
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SPY intraday accum/dist wave count
Started by
VolPivots
, Mar 11 2007 11:25 AM
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