No replies to this topic

[blustar]

Although some indicators I monitor are giving the same signals as the 7th day retest in March, the e-wave and candle analysis looks fishy to me for a move up right now. Another thing is the SPX did not make a new low today which would be expected from the e-wave bearish irregular flat. No meaningful up move can occur until after Tuesday from what I'm seeing and it is definitely possible we may see a new low by that date or 8/14. Fractal Man may have hit it. Another thing is the weekly 20 week B Band has yet to be tagged and that would be expected too and that is near 1418/19. For now I wait and see where I can enter the market on the long side. Tuesday has support at 1415/16 SPX. I made my double for the week with just one trade. Now I wait patiently for the next set-up. Have a good weekend everyone and don't forget to hug your dog.