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Thursday, August 18, 2011

E-minis

The gap down supports both top counts at the moment: 1) Minute [v] to lower lows under 1100 SPX or [b] wave pullback of an [a]-[b]-[c] Minor 2 wave up.

I'm sticking with the Minute [v] count for now as primary because [iv] played out very nicely so far http://3.bp.blogspot.com/-9PlamHtUeCE/TkwwFulx6kI/AAAAAAAAJtw/mdt28_pmf_g/s1600/spx30.png
Whats even more amazing is the II bull/bear ratio is still quite elevated.  This is yesterday's data that came out (via Sentiment Trader)


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