The bulls better show up because the bears have several things lining up for them. I pointed out the larger H/S pattern potential developing yesterday. I have since updated that on the chart below.
From a trading stand point, we have a range to work with between 1777 and 1800 so let's just all stay nimble and make some $$.
The green count, has the market making a comeback and shooting for new highs. One thing to note to counter the H/S is a potential descending triangle. We shall keep an eye and hence stay nimble.
For the red option, I didn't place a wave a for (2) but that may have completed into the close. If so, I expect a quick dip tomorrow AM for wave b before c launches to complete (2).
The purple option calls for a sell off at the get go tomorrow so we'll see if there is any merit to this count.
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